Is it possible to share MLS real estate listing with others for a fee?
Posted by admin on 10 Nov 2008 11:55 pm. Filed under Renting & Real Estate.
Realny08
My partner is a listed NY real-estate agent who is not practicing for the past 10 years. We are working on some properties in NY and so looking for sharing MLS listings with others for a fee. My question is it possible? And is it legal to do this?
My partner is a listed NY real-estate agent who is not practicing for the past 10 years. We are working on some properties in NY and so looking for sharing MLS listings with others for a fee. My question is it possible? And is it legal to do this?
On November 13th, 2008 at 11:31 pm
You should check with your local real estate board.
On November 15th, 2008 at 6:44 pm
No, the MLS rules does not allow a property to be listed by more than one Realtor on the MLS.
Period. You can’t “share” a listing.
The local Board of Realtors in conjunction with the National Realtors Association, own, run and control all aspects of the MLS…it belongs to them and they have a contract that you have to sign before you are accepted for membership.
You also cannot charge an additional fee for listing a property..that violates the MLS terms as well.
I HIGHLY suggest you contact the Board of Realtors and get a full list of their MLS rules.