MLS's are for profit.

By
Services for Real Estate Pros with excell realty inc

   MLS fees are getting way out of hand. Did you know they are for profit franchises? Why can't real estate agents in any given market create their own non-profit MLS system. With today's technology it would seem to me that the costs would be considerably less and control would be in the hands of the agents. Just imagine your dues dropping to $ 100.00 to $ 150.00 are year!!! I don't know what is stopping us from doing this? Any comments or feed back would be appreciated

Comments (2)

Ron Tarvin
Residential, Investment properties, rehab projects, property management, luxury homes, new construction! - Katy, TX
Broker, Katy, Houston, Cypress 77450,77494,77095

We were just thinking about the skyrocketing costs.  My MLS fees (which include local, state and national dues) have gone up 20% in the last 4 years.  In addition to a yearly fee that they charge in January, we also pay an unexplained "participation fee" quarterly of about $65. 

My team has THREE MLS memberships that we have to subscribe to so it gets pretty expensive!

 

Jan 09, 2009 02:56 AM
Bill Dunn
Elite Realty Group - Paducah, KY

My broker is a member of 3 local boards. All three boards are part of the same MLS. I pay $50 / month for my MLS dues and lockbox fees. I saw the same bill from another board that was less than half of what I pay. Many agents in my office determine their board affiliation by fees charged by that board.

Jan 09, 2009 03:05 AM