What is the MLS?
The Multiple Listing Service (MLS) is a local database that advertises properties for sale to licensed real estate agents. Each area has a distinct MLS that is utilized by local real estate agents and is only accessible to these agents. Once listed on your local MLS, your property may feed (depending on area) to several national real estate websites, such as Realtor.com, Zillow, Trulia, Yahoo and more. The exposure you receive on the MLS is tremendous! (Thousands of real estate agents through your local MLS and millions of potential buyers through the internet.)
May I add more photos or make changes to my MLS listing?
Yes, you may add additional photos or make changes to your MLS listing. Your listing agent will go over fees for this (if applicable) as well as any additional options/services they may offer.
When will my MLS listing post on Realtor.com and other sites?
In most areas, your MLS listing will feed through to Realtor.com and the other public sites within 1-3 business days after being active in the MLS. Realtor.com pulls limited information from the MLS and sometimes takes a few days to pull the photo. The listing broker has no control over how long it takes to feed through to those sites. Also, certain property types will not feed through to all of the sites. Please check with the listing broker before submitting the MLS paperwork.
May I cancel my MLS listing early?
Yes, you may cancel your MLS listing at any time during the listing period, however the upfront listing fee is not refundable or prorated. Before entering into a written listing agreement with a licensed real estate broker, you should inquire about whether there are any additional fees charged for early cancellation. Please note – Once the MLS forms have been submitted back to the listing agent, we are unable to offer refunds.
How do I determine the percent commission I am willing to offer to a buyer’s broker?
You will state the percent commission you are willing to offer to the buyer’s broker on the required MLS forms that come from the listing broker. This commission will be on your MLS listing for all buyer’s agents to see.
Will I be able to retain control over my listing on Zillow if I list my property in the MLS?
No, once your property is active in the MLS you will not retain control of your listing on Zillow or any other sites that pull their data from the MLS.This is out of our control as this is an automatic feed from the MLS. Once your are listed in the MLS you are technically no longer a FSBO so your Zillow listing will go from For Sale By Owner to For Sale (with a listing agent).
Will my MLS listing feed to Zillow & Trulia?
In most cases, yes the property will automatically feed to these two sites. If your MLS does not cooperate with these sites then you will have to manually add your listing. Unfortunately, we have no control over this. It is free and just takes a few minutes to do this. Here are the instructions…
Enter your property address on Zillow. Click the link to view your property details. Next to the map click the button next to “More” that has an arrow pointing down. From there you can “ClaimThis Home” so you can edit the property details and also “Post for sale for free”.