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Nicole Holt, Real Estate Pro in New York, NY

What are the benefits of joining the MLS?

Asked by Nicole Holt, New York, NY Fri Apr 12, 2013

I am an agent coming from Brooklyn looking to transfer to a Staten Island office. I have never joined an MLS. What are the benefits of joining and will it help my business?

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Hello Nicole, the benefits are many here in Staten Island. The SIMLS which is a computerized network of more than 240 cooperating real estate offices in greater Staten Island. Within this service, real estate brokers and their sales agents share listings and sales information and work together to serve the buying and selling public. Its purpose is to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property. All members belong to the New York State Association of REALTORS® and the National Association of REALTORS®.
0 votes Thank Flag Link Wed Apr 17, 2013
I could not see myself without MLS, I would not be able to market Bank Owned or Corporate Owned properties.

I really don't know how I would be able to find multiple properties for one investor without the MLS.

Listings placed on MLS link to dozens of sites where they can be viewed by potential Buyers, I strongly believe this exposure is the number one source of leads.
0 votes Thank Flag Link Sat Apr 13, 2013
Staten Island Board of Realtors considered to be one of the bests in NY. Virtually a 100% of the inventory is available through the MLS. We have tools, that making our life much easier. Continuing education , different round table discussions and online magazine is included in your dues. Showing time appointment center, Listing Book, access to a much needed sources through your MLS program as well. To make it short - MLS give you the tools to make your business a lot easier - now its your turn!
0 votes Thank Flag Link Sat Apr 13, 2013
Great question! Many agents in my area are not joining the local NAR association or the MLS because of the proliferation of FREE real estate data sources, such as Trulia, Zillow, REALTOR.com and others that receive syndicated listings from the MLS's. I've gone the other way - we belong to 2 local associations and subscribe to 3 MLS's that cover our service area.
Joining an MLS helps your business several ways. Primarily, even though a lot of properties are sold in our area without going on the MLS, most are listed and having direct access to the MLS gets us notified as soon as the listing goes live. Not joining the MLS means you'll have to wait a day or two before the listing processes through syndication. That 24 hour wait can cost a buyer a house or delay availability of comp information that could support jacking up the price on a listing.
The data provided in an MLS listing is also much more complete than what you'll get through syndication, which makes your property screening process much more efficient.
Our MLS systems also have some really great tools for doing market analysis and accessing tax information.
Finally, the property search tool on our web site is supported by a direct IDX feed from our MLS's, which requires MLS membership to tap into. Agents can get search tools from the free syndication sites, but that tool is branded by the site that supplies it, detracting from your brand and re-directing your potential clients back to the free site and away from yours (and that's not a good thing).
0 votes Thank Flag Link Sat Apr 13, 2013
There are different member benefits with each board. You will have access to all listed properties through that MLS. It is a real benefirt to your clients because you have access to the most accurate data available. You can create unique reports etc...

Chris
0 votes Thank Flag Link Sat Apr 13, 2013
Hi Nicole,

By joining MLS it will give you an opportunity to see complete market situation on the daily basis, all the properties that coming on the market, contracts and sold and many more advantages as an agent and member of SIBOR. I will highly recommend to join, it will certainly help your busness
0 votes Thank Flag Link Sat Apr 13, 2013
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