Andrea Peters Realtors is expanding its reach! As of today, they are officially members of the Houston Association of Realtors!
In the old days of real estate, each broker managed their own listings and you had to negotiate with that broker if you wanted to purchase their listing. Then agents decided that if they shared their listings, they could waste less time and make more money.
Now the Multiple Listing Service is an internet-based database containing thousands of listings in each service area it represents.
To join the area's Multiple Listing Service one must be a licensed real estate broker or salesperson and work for a company that is a member of a Board of Realtors. Members have access to the database of properties for sale and other services offered by MLS.
Through guidelines of membership in MLS and rules overseeing the conduct of Realtors (members of the National Association of Realtors), a system has been instituted which gives members the ability to show and sell the listings of every other member of the service. The listing broker signs an agreement with the property seller, which establishes the total commission that the seller will pay at the close of the sale. The listing broker then offers a part of that commission to the broker that works with the buyer. Rules of the service require members to place all residential property listed with the service, unless the seller requests otherwise.
Multiple listing is generally considered to be advantageous for sellers, buyers, and agents. The seller benefits by having their property exposed to a wider range of customers than one agency could reach. Buyers benefit by being able to see all the available listed properties through one agent, rather than having to contact all the different companies in town. And agents benefit by being able to sell a larger inventory of properties than one agency would have available.
Now that we have the ability to showcase our listings in not just one, but two listing services, that means that your home will be seen by even more buyers and agents than before! We will also be able to take listings from the Houston area, opening our network there for buyers and sellers! As always, know that your home and you are being taken care of by the team that you know and trust.
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