Comments on: MLS For the Little Guy http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/ An entrepreneurs thoughts on business, personal finance and investing. Thu, 09 Jun 2011 19:02:59 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: OutsiderII http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/comment-page-1/#comment-540 OutsiderII Mon, 21 Aug 2006 04:09:34 +0000 http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/#comment-540 I hope it starts with Maine... (HTTP://victimordeal.blogspot.com) I hope it starts with Maine…

(HTTP://victimordeal.blogspot.com)

]]> By: Simon http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/comment-page-1/#comment-435 Simon Tue, 01 Aug 2006 17:56:32 +0000 http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/#comment-435 I hope other states catch on to this idea SL I hope other states catch on to this idea
SL

]]> By: Old REI Guy http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/comment-page-1/#comment-434 Old REI Guy Tue, 01 Aug 2006 17:55:49 +0000 http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/#comment-434 This type of thing has been a long time coming. I don't like working with agents, but I really like being able to get my listings out there in a national database. For this to work, though, the MLS database for the little guy has to prove to be the one-stop-shop for FSBO listings. This type of thing has been a long time coming. I don’t like working with agents, but I really like being able to get my listings out there in a national database.

For this to work, though, the MLS database for the little guy has to prove to be the one-stop-shop for FSBO listings.

]]> By: Grant http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/comment-page-1/#comment-413 Grant Sat, 29 Jul 2006 15:39:26 +0000 http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/#comment-413 David, that's a great point. What makes the MLS system different than these non-realtor websites is that it is THE one stop shop for real estate listings. It's a nation-wide database that everyone knows about. The problem with the non-realtor sites is that your house is only listed on one (or more should you chose to spend the additional $ and list it on multiple sites). So unless a buyer searches each and every site out there, you're really limited in market exposure. I definitely agree that real estate agents will have to give a little just to maintain their business, let alone grow it. One of the criteria for disintermediation, correct? -Grant David, that’s a great point. What makes the MLS system different than these non-realtor websites is that it is THE one stop shop for real estate listings. It’s a nation-wide database that everyone knows about.

The problem with the non-realtor sites is that your house is only listed on one (or more should you chose to spend the additional $ and list it on multiple sites).

So unless a buyer searches each and every site out there, you’re really limited in market exposure.

I definitely agree that real estate agents will have to give a little just to maintain their business, let alone grow it. One of the criteria for disintermediation, correct?

-Grant

]]> By: David http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/comment-page-1/#comment-412 David Sat, 29 Jul 2006 12:05:30 +0000 http://www.thecornerofficeblog.com/2006/07/27/mls-for-the-little-guy/#comment-412 Grant, I think there is a couple of sites where non-realtor listings can be posted, perhaps a service provided by Google. If I am wrong, then you have a new business to consider launching, which of course I will strongly support. I think there is enough developing discussion around the protectionism of the real estate industry that home sellers can really start to press on terms of the relationship. If not a lower commission, then a time guarantee at a price, that if not met, means the commission is lowered, or a bonus paid on getting more than the listing price. I would strongly suggest to anyone reading your great blog to be more demanding with any real estate agent. As in: "let's negotiate the terms of our business relationship and if you won't then I won't work with you, your choice!". Where else in economic life do we blindly get terms dictated to us. Grant, I think there is a couple of sites where non-realtor listings can be posted, perhaps a service provided by Google. If I am wrong, then you have a new business to consider launching, which of course I will strongly support.

I think there is enough developing discussion around the protectionism of the real estate industry that home sellers can really start to press on terms of the relationship. If not a lower commission, then a time guarantee at a price, that if not met, means the commission is lowered, or a bonus paid on getting more than the listing price. I would strongly suggest to anyone reading your great blog to be more demanding with any real estate agent. As in: “let’s negotiate the terms of our business relationship and if you won’t then I won’t work with you, your choice!”. Where else in economic life do we blindly get terms dictated to us.

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