What is the MLS (Multiple Listing Service)

The MLS is a proprietary electronic database that contains every residential home, vacant land and commercial property listed by Realtors® for sale or lease within a geographical area. Created by the National Association of Realtors® (NAR), the MLS is the most widely used source of properties for sale by Realtors® in the United States. The MLS combines all Realtor®-listed properties in one database within a large geographic area. For example, there are over 60 different MLS systems throughout Florida. Realtors® are members of a local Board and pay an annual fee which allows them to access their local MLS. The MLS contains detailed information on the properties it lists, records of all recent closed sales and their sales prices as well as property tax information. With this information, Realtors® are able to generate comparable analyses of properties and custom searches by any criteria. The MLS also provides a platform for Realtors® to state the listed properties' commission participation to other Realtors®. This is why you do not typically see For-Sale-By-Owner (FSBO) properties listed in the MLS . Additionally, many Realtors® do not approach FSBOs because there is no stated commission agreement. GOLD Managed bridges that gap between Realtors® and FSBOs by offering a flat fee listing in the MLS. Sellers gain the same exposure that Realtor® listed properties enjoy without having to pay a full service listing commission. Instead, sellers pay a low flat fee up front to list in the MLS and then offer buyers' agents a commission to bring a buyer. (This commission is determined by the seller).

MLS - How it Works

A full service listing agreement is typically a 6 month listing. The main drawback of most full service agreements is that the Exclusive Right of Sale Listing Agreement most often used by Realtors® is a contract which lasts 6-9 months and during this listing period, you cannot sell your house yourself or “FSBO”. Historically, a 6% commission is shared between the listing agent and the selling agent (sometimes the listing agent is also the selling agent). Listing with one of our MLS listing programs saves you a lot of money on the listing side commission.

With a flat fee listing, if you are successful finding a buyer for your property on your own without the assistance of a real estate agent, then you would pay NO commission; just the GOLD Managed flat fee of (Program not currently available). It's that simple.

We reccomend expert contract representation and negotiations with our PLATINUM program. PLATINUM does use an Exclusive Right of Sale Listing Agreement and gives you full representation at a fraction of the price.

SILVER Advanced offers a Flat Fee listing in the MLS which is designed for Investors & Sellers who have the experience and time to show their properties. This means your property is placed (or listed) in the number one real estate database in America used by the best Realtors® in your area. Every time a licensed real estate agent searches for a home or vacant land in your price range for one of their clients, your property will appear in the available properties for sale. All calls from your MLS listing will come directly to you. All unrepresented buyer leads will be forwarded to you by us with our exclusive Lead Capture system. If you have any questions about this offer call 727-942-2929 or 1-877-232-9695 for live help.