What is the MLS in Maryland?
Maryland's MLS is MRIS®(Metropolitan Regional Information Systems). The website
run by MRIS for the public to see the Properties listed is
HomesDatabase.com®
How long does it take for my Property to show up on an MLS and REALTOR.COM®?
Your Property will be available on MLS within 24 hours of our receipt of all your
completed documents. It usually takes about 48 hours for your Property to show up
on the Realtor.com®. The same time hold true whether you avail of our Flat Fee
MLS Listing or of our Full Service Program.
Are you affiliated with REALTOR.COM®?
No, we are not. Realtor.com is owned and controled by the National Associaltion
of Realtors. We are a member of the National Association of Realtors though.
What Websites will my Property appear with MLS?
It will be virtually imppossible to list all the websites that your Property will
appear through MLS. Imagine every single Real Estate Broker Website and every Real
Estate Agent Website in Maryland. The most popular website though are REALTOR.COM®, MSN, Yahoo, AOL and The Wall Street Journal online.
Who will Buyers call if they want to see my Property?
Buyers will call you when they want to see your Property. The same holds true for
Buyers who are working with a Real Estate Agent.
Do I have to be at home when an Agent wants to show my Property?
It is advisable that you are not at home when an Agent shows your Property. Some Buyers cannot concentrate on the home when the Owner is around. You can purchase a Combination Lockbox from us or Lease the more secured Electronic Lock Box if you
wish.
Who will Buyers call if they want to see my Property?
Buyers will call you when they want to see your Property. The same holds true for
Buyers who are working with a Real Estate Agent.
How much commission should be given if the buyer has an agent?
Commission is negotiable and is not set by law. They actually vary depending on what kind of strategy you want to go to. Agents prefer receiving 3% though.
Can I opt not to give a commission if the buyer has an agent?
No. The MLS requires that you provide a number on this information. You can give as low as $1 though. Note that some New Home builders give a flat fee commission of $1,000.
Will agents show my house if the commission is not acceptable to them?
They should and are required by law to do so.
How can the MLS help me if my house is not shown by agents because the commission I give is not acceptable them?
You still get the visibility. Your house will still be displayed in all the websites that pull data from the MLS. Buyers will just deal with you directly. In fact most buyers perform research or home searches on the internet first before they contact a Real Estate Agent for representation.
More FAQ will be added as we get more questions from you.
