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FMLS – Great Company or Greatest Company?
The Atlanta Georgia real estate market is extremely unique. So unique, in fact, most agents working here aren’t aware of their universally envied position. Sales agents across the nation have long drooled for what Atlanta agents have always known. And, the sole reason we, meaning the Atlanta real estate community, are the envy of the entire nation: FMLS.
FMLS is NOT owned or controlled by the National Association of Realtors (NAR). To give that statement a sense of magnitude, there are over 8,000 MLS’s throughout the United States and nearly 90% of them are owned and controlled by NAR. Whoever owns ninety percent of anything always means they set the rules. For NAR, that includes rules like forced participation, meaning yearly payment, to their various NAR-controlled realty Boards.
What benefit agents realize from their yearly payments to NAR is debatable. NAR will tell you their service is essential. Most every agent I have ever spoken with will tell you NAR is a joke. What is not debatable is, with over 1 million sales agents nationally paying around $500 every year, year in and year out, NAR is extremely well funded to fight any form of change and poised to keep their way ... more
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