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The UltraIT Multiple Listing Service (MLS) is a “Trade Only” property network of estate agents. Agents subscribed to the MLS have the ability to search this database of property sales and property rentals properties from a growing number of subscribing estate agents, providing each agent the ability to access and search the UltraIT MLS ...
Realtors and brokers pay membership dues to access their local MLS. Though it may seem like a modern development, the concept of a multiple listing service actually dates all the way back to the ...
Before the Multiple Listing Service (MLS) was introduced in 1967, when brokers (and their licensees) only represented sellers by providing a service to provide legal documentation on the transfer real property, the term "real estate salesperson" may have been more appropriate than it is today, given the various ways that brokers and licensees ...
Currently this is the largest MLS in North America, and it has evolved from a county-based system controlled by individual Associations of Realtors operating as members of and under the rules of the National Association of Realtors. By the early 1990s it became apparent that a sophisticated computer-based system was necessary to integrate the ...
On May 27, 2008, NAR and the U.S. Department of Justice reached a favorable settlement, concluding a two-year DOJ investigation (followed by two and a half years of litigation) regarding NAR's multiple listing policy as it pertained to the display of listings from the MLS on brokers' virtual office Web sites, or VOWs.
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay ...
This full-service option usually is a discounted full-service listing, but it is different from the "Flat Fee" MLS service which is the subject of this discussion. Until the industry evolves and adopts a standard practice of terminology, both consumers and real estate brokers will continue to experience some confusion over the terminology ...
Starting in July, Columbus Realtors will require agents who are representing buyers to have a signed agreement with buyers explaining their compensation, instead of merely relying on sellers to ...