For those of you who may not know. Broker Reciprocity is when we/I take a listing and market it on the MLS. All subscribers can market the home on each of their websites i.e. Edina Realty, Re/Max, Sabinske & Associates etc.
Again, my opinion, this gives the seller the highest possible exposure and limits the listing Broker from ascertaining a buyer due to the competition in the industry. In Minnesota, there are around 2500 licensees.
I had someone tell me the other day they would have listed with me if I was located closer to the home they were selling. I wouldn't have listed the home regardless. However, the best chance for a listing agent to sell their own listing with the broker reciprocity model is to take a sign call. If the realtor or Broker is marketing the home to the broadest audience, the chance of the listing agent bringing in the buyer is slim and a moot point as far as reasoning to hire or not hire a professional. However, my sign call to sales ratio when I receive a sign call is very high. I had 25 showings on one listing and showed the home myself once and sold it! Think before you conclude and if you don't have a thorough understanding ask for an explanation.
In places like International Falls, understand they take a listing and keep it off the MLS and hold it in house in hopes of getting the buyer and the listing side. This sort of operation does not offer the seller the maximum exposure ,and the buyers have to hunt or visit the local real estate offices to see the listings.
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