Multiple Listing Service (MLS)

Place your home in the local MLS to provide the ultimate exposure for your property.



Frequently Asked Questions

What is the Multiple Listing Service (MLS)?
MLS stands for Multiple Listing Service. The MLS Listing System is a database of homes for sale in a specific area and is run by the local Board of Realtors®. It's the traditional method agents use to find homes for their buyers or to advertise their listings to other agents.

What are the steps to get on the MLS Listing System?
  1. Order an MLS Listing for a low flat fee by selecting one of our packages with the Flat Fee MLS option
  2. A broker will contact you directly and provide you with the necessary paperwork.
  3. Return the completed paperwork to the broker who will place your home on your local MLS within 48 hours at no additional charge.
  4. The broker will send you a pdf proof to show you your listing in the local MLS and provide you with the MLS Listing number for your property. Your home will be listed for six months.
  5. When a Realtor® brings you a buyer that results in a successful home sale, you pay the Buyer's Agent a commission (typically 2.5-3%)


How long does my home stay on the MLS Listing System?
Your home will be advertised on your local MLS Listing System for six months. It will appear on Realtor.com as well.

Do I get a refund if my home doesn't sell or I convert to an agent before the six months is up?
There is no refund, nor any portion thereof, once you have placed your home for sale.

What is the benefit of putting my home on the Multiple Listing Service (MLS)?
There is one very significant benefit to having your home listed on the MLS - EXPOSURE to the local pool of real estate agents! The fact that you have your home for sale in the MLS will now be known by the hundreds, if not thousands, of real estate brokers and Buyers' Agents in your market who are helping buyers find homes.

What does it mean to "co-op"?
Co-op (cooperative payment) means that you would be willing to pay a Buyer's Agent a fee for bringing a buyer to you. Typically, a Buyer's Agent is paid 2.5% - 3.0% of the sales price. It is necessary to list the commission amount you are willing to pay on the MLS when you fill out the MLS listing agreement.

If I do not want to "co-op" with a Real Estate Agent, is the MLS Listing still a good idea for me?
No. A Buyer's Agent expects compensation. Without offering it, an agent will have no reason to bring a buyer to your home.

Do I have to pay an agent if I put my home on the local MLS Listing Service but find the buyer myself?
NO! In this scenario, you would have only spent the one time flat fee charge to get on the MLS Listing System.

So what are my cost savings with putting my home on the MLS Listing System as opposed to going with a full-service Real Estate Agent?
Let's go through both scenarios with the assumption that you are selling your home for $200,000. One scenario uses a regular full-service Seller's Agent with a 6% commission. The second scenario saves you thousands by using our Premium package with the Flat Fee MLS service.

Traditional Real Estate TransactionMaximum Exposure MLS Listing
Your costs$12,000
(6% of $200,000)		$369
(Premium Package w/ Flat Fee MLS)

$6,000
(3% "CO-OP" fee paid to an agent if they bring a buyer)
Total paid after sale$12,000$6,369
SavingsSavings of $0Savings of $5,631 !!!


Refund Policy
When a property is requested to be placed on the MLS Listing System, it is understood that there are no refunds given after the MLS Lisitng number has been assigned to the property by the broker through the MLS Listing service.

STATE SPECIFIC RULES AND DISCLOSURES:
If your state is listed below, it has specific laws which may affect your MLS listing. Please review these rules /regulations / laws:

INDIANA:
Seller is aware that Indiana law requires a Broker, or Broker’s agent, to attend the closing of the Property. The fee to list your home in the MLS and Realtor.com does not include payment for this representation at closing. When completing the Listing and MLS paperwork, you may be required to choose from a list of approved law firms to provide representation at closing, or if you want to use a law firm not on the list, the law firm may sign a form with the broker for this function. Any fees associated with this representation are only incurred after you've accepted an offer on your property and subsequently request the law firm to represent you at closing. MLS Provider does not receive any payment or referral fees from participating law firms.

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