The Multiple Listing Service will get you detailed information not available on public apps and websites and arrange showings.
The Multiple Listing Service can be used to analyze up-to-the-minute information on comparable homes and recent sale prices in order to make sure your offer is competitive.
Historical and current home sales information from the Multiple Listing Service will be used to guide you on when to sell, and for how much.
When your agent places your home on the Multiple Listing Service, non-confidential information is displayed on nearly every real estate brokerage website in town and on top real estate search apps and websites.
Listing your home on the Multiple Listing Service puts it into the hands of nearly every agent representing active buyers. This network of relationships is how most homes get sold.
The terms agent, broker, and REALTOR® are often used interchangeably but have very different meanings. For example, not all agents (also called salespersons) or brokers are REALTORS®. Learn who is a REALTOR® and the reasons why you should use one. As a prerequisite to selling real estate, a person must be licensed by the state in which they work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations, and experience, which are determined by New York State, must be met.
After receiving a real estate license, most agents go on to join their local association of REALTORS®, the New York State Association of REALTORS®, and the National Association of REALTORS®, the world’s largest professional trade association. Then they can call themselves REALTORS®.
The term “REALTOR®” is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics (which in many cases goes beyond state law). In most areas, it is the REALTOR® who shares information on the homes they are marketing, through a Multiple Listing Service (MLS). Working with a REALTOR® who belongs to an MLS will give you access to the greatest number of homes and buyers.
“You can get rid of the broker, but you cannot get rid of the broker’s work” is an old caution for those who intend to sell their homes “For Sale By Owner” (FSBO) or for those buyers who wish to buy without professional representation. Selling or buying on your own is not an easy undertaking. It requires a significant amount of time to study the process, understand your obligations, and do some of the complicated work that a real estate agent does. In addition, selling or buying on your own requires extra help from outside professionals, such as a REALTORS®, accountants or attorneys for some of the jobs that require specific expertise.
Here are several important considerations:
Without any obligation, you can invite local REALTORS® to visit your home and give you a “listing presentation” about why they’re the best ones to market it for you or to help you buy a home. Two to three presentations will probably give you a good opportunity for choice. A listing presentation includes having the REALTOR® review with you the reasons why you should work with that particular individual and providing you with information that will assist you in making initial decisions about selling or buying.
Recent laws in every state have defined the duties of someone specifically retained as a real estate agent. Most states require a real estate agent to explain his or her role at the outset of any conversation. A professional agent will promptly provide this such a disclosure.
Is a member of the local board or association of REALTORS®
Advises you on how to prepare your home for the market
Explains and discloses agency relationships (the role of the agent, i.e., who they are representing–the buyer or the seller) early on in the process, at “serious first contact”
Shows some enthusiasm, listens attentively, instills confidence, operates in a professional manner, and has a complementary personality style to yours