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Say someone wanted to leave the offiice they work under and become a broker. How do mls fees work. Is it a flat fee like it is just being a sales person or is the broker charged per each listing?
Also, what is the process of actually listing a house on the mls from the broker side, as a sales person in offices around here there's usually a secretary that handles it.
Do you actually have to look up taxes and all that info on your own or is mls able to tap into other databases with the plot numbers and things like that?
Brokers pay a significantly higher fee to the MLS than the agents pay. You need to call them and ask their fees. As for the data entry, each MLS across the country is different on how they get their information. You should know if your MLS is connected to a tax roll. Pretty sad if you don't know that. Call them and ask.
You don't sound like you are ready to be your own broker. A simple call to your MLS will give you all the information you need about what you need to do to have a brokerage on the MLS. If you can't figure out that they are the people to call, then you'll have a difficult time being a broker.
Entering a listing on any MLS is just a matter of data entry. Your MLS can step you through it and I bet they even offer a class.
You don't sound like you are ready to be your own broker. A simple call to your MLS will give you all the information you need about what you need to do to have a brokerage on the MLS. If you can't figure out that they are the people to call, then you'll have a difficult time being a broker.
Entering a listing on any MLS is just a matter of data entry. Your MLS can step you through it and I bet they even offer a class.
WOw, it would be great if someone could give a straight answer. Guess what, every question posted on any area of citydata could be found online or by calling but its easier to ask sitting in front of the tv on your laptop.
I'm not even in real estate was asking for a friend. If you guys are so smart you would be able to give a straight answer. Pretty sad you can't.
It depends on the specific MLS, as they each have their own fee structure, rules and procedures. As said, best to have your friend call your MLS to address these questions. Some MLS's, such as mine do provide access to tax records.
Not sure why you feel it's necessary to be hostile and sarcastic, but your friend has only to call their local MLS and find out. Rules and dues vary from state to state, I imagine.
Here, we pay a yearly amount which I believe is the same for all agents/brokers. Secretaries and other non-licensed persons are not allowed to access MLS; you have to log in with your Lic. number and these are all "recorded", so to speak. Only the Broker can release or change a listing status in our state.
WOw, it would be great if someone could give a straight answer. Guess what, every question posted on any area of citydata could be found online or by calling but its easier to ask sitting in front of the tv on your laptop.
I'm not even in real estate was asking for a friend. If you guys are so smart you would be able to give a straight answer. Pretty sad you can't.
It's because you don't understand the system. As others have stated there is no nationwide MLS. Some MLS's are flat rates, some charge per listing. Your friend needs to call and find out what his/her specific MLS rules are.
There are probably around 500 MLS's across the country and no I don't waste my time reading all of their rules for membership. You are welcome to do so, though. Have at it.
WOw, it would be great if someone could give a straight answer. Guess what, every question posted on any area of citydata could be found online or by calling but its easier to ask sitting in front of the tv on your laptop.
I'm not even in real estate was asking for a friend. If you guys are so smart you would be able to give a straight answer. Pretty sad you can't.
Hey jackass, every MLS is different so we can't answer. Tell your friend to go do their own research if they want to open a business. Of course if they had a clue about RE they'd probably already have a rough idea of how it works so they probably aren't qualified to run a business anyway.
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