MLS (Multiple Listing Service) is the most comprehensive computerized database of homes for sale, with over 1.5 million listings nationwide. Only Real Estate Brokers are eligible to become members of the MLS and enter their listings on the database.
The MLS is used by Real Estate Agents to market and promote their own listings and to cooperate with other Real Estate Brokers. Real Estate Brokers, in turn, are compensated with part of the commission. The majority of real estate transactions are as a result of direct MLS exposure.
As members of the MLS, The Realty Dot is making this important marketing tool available to home sellers for a fraction of the cost! By having your property in the MLS, it will be exposed to thousands of local Real Estate Agents who otherwise would not have known that your property was for sale and would not have shown it. This is the same MLS used by conventional brokers who charge a full listing commission.
Yes. Your listing will be placed in the same MLS that any local agent would place your property in. The MLS is divided into many subdivisions based on your city and/or county. The Realty Dot will place your house in the correct MLS specific to your property's location. We will work with you directly as your Licensed Broker. We will not refer you to another broker who will list your property and never be heard from again. We specialize in maintaining your listing. There are no additional fees or hidden charges.
Realtor.com is a website that loads all of its listings directly from every MLS. This allows Real Estate Agents and perspective home buyers to view listings nationwide. Realtor.com is the official Internet site for the National Association of Realtors. Realtor.com's 1.6 million home listings are provided by 603 participating Realtor Multiple Listing Services(MLS). Therefore, to have your home featured with a color photograph and all pertinent information on Realtor.com, you must first list your property for sale in the MLS.
If you sell your property without a Buyer's broker, NO COMMISSION IS DUE! You would have invested only $199 (3 Month Listing). Remember: You only pay the commission you posted in the MLS if an agent procures a buyer.
Absolutely. The MLS is the primary source that Real Estate Agents use to find properties for their buyers. Most MLS listings are sold by an agent that is compensated for their half of the usual 5% or 6% commission. With our service you offer to pay the Buyer's agent a commission of your choice (1, 2, 2.5%, etc). Best of all, The Realty Dot allows you to choose the commission percentage offered to Buyer's Agents (normally 2.5% or 3%). You may change the Buyer's Agent commission at any time!
No. Agents want to find a home that meets their buyers needs as quickly as possible, as long as they get paid a competitive commission for bringing the buyer. It is extremely rare that an agent would refuse to show a home that pays them a competitive commission and meets their buyers needs. There may be a very small number of agents in some areas that violate the Code of Ethics and Federal law prohibiting a boycott, but it is extremely rare. In general, the MLS listing does not tell them how much you are paying to list your home, only what you are offering to pay the agent who brings the buyer, so the agent won't know how much you are saving.
It is more common for an agent who hopes to list your home themselves (for 6%!) to say that agents won't show your home to their buyers. While making this statement violates Federal Law and the Realtor Code of Ethics, realize that this is attempt to list your home because the agent doesn't have a good reason why you should pay their higher price.
In addition, the local, State, and National Associations actively police agents who make these comments. A recent article written by a Realtor Association Attorney states: "Two or more firms should never agree to refuse to deal with or cooperate on less favorable terms with another competitor (usually a discount broker) or attempt to drive such competitor out of business. Boycotts such as these are illegal. Nothing can be done to intimidate "discounters" so that they will abandon their alternative marketing strategies. You should never indicate that other brokers would not do business with the discount firm."
If an agent would like to show your home, they will contact you directly from your phone number given in the MLS. It's that simple. If you would like Realtors to show your property while you are away, we recommend a lockbox. You may purchase a key lockbox for only $49.95 when you list.
To also help you market your listing, we also offer "For Sale" arrow signs and flyer boxes.
Realty Dot ‘For Sale’ yard signs are available for purchase and are also included in our Premium and Deluxe listing packages. The signs feature The Realty Dot website address, logo and phone number. The sign can be personalized with your MLS number and your direct phone number.
A professional sign with your MLS number will inform Real Estate Agents that you are willing to cooperate with any Real Estate Broker that brings you an acceptable offer.
Normally an MLS photographer will take a picture of your home, typically within 1-2 weeks. The photograph will be taken of the exterior front and you do not need to be at home. We recommend that you submit your own photos for faster service. Some MLS's accept up to 10 additonal photos at no additional cost!
For your convenience, photos may be submitted with our photo upload feature, or by email: firstname.lastname@example.org
or mail photos or disk to: The Realty Dot, Inc.
P.O. Box 698
West Palm Beach, FL 33402
Your photos will also appear on Realtor.com! An important feature for your listing.
* We suggest that you have an attorney review the offer before you sign it, since it is a binding agreement. After a contract is pending, please complete the contract pending form included in your listing packet and return it to The Realty Dot with a copy of the signed contract. *Procedures for handling offers vary according to real estate law for each state.
Just click here to register online. You can also call our office toll free at (877) 267-0349 or email us to request a listing package. Upon completing your listing package, you can fax the forms back to our fax at 708-777-6060 and be on the MLS within hours.
Just download your free version of efax at http://www.efax.com and receive your own fax number immediately.