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Amy
October 28, 2009 at 3:19 pm
Same in Poland, we bought and sold a home in Poland and it was a nightmare not having one database to search from. Also when we sold we “listed” the home with multiple agents so they could have the listing in their office. Buying and selling homes in Poland is a relatively new concept for them, hopefully one day they’ll have something similar to the MLS to help buyers/sellers/agents in the long run.
Margaret Woda
October 28, 2009 at 3:26 pm
Actually, when I started in the business four decades ago, the MLS certainly wasn’t what it is today. Weekly updates via index-card size slips of paper, no photos, no maps, no key lock boxes. Yes, we did sell homes, but I sure do prefer the MLS and IDX systems we have today!
loftninja
October 28, 2009 at 8:21 pm
how about even closer to home…try NYC
Claudia Gonella
October 28, 2009 at 10:22 pm
England also does not have an MLS and they’re quite happy with that, thank you very much.
Having said that I completely agree that an MLS makes the market more efficient and more transparent for both buyers and sellers. Our focus is international real estate in Nicaragua, Belize, Panama and Costa Rica. None of those markets have a MLS, real estate agents are unlicensed for the most part, and the situation is how you describe in your post: Sellers don’t get a great deal because with open listings real estate agents aren’t particularly motivated in putting time and money into marketing a property that could easily be sold by another agent; and buyers have to trudge round with multiple real estate agent but are still left with the question: Have i seen all there is?
Not ideal…. and one of the main reasons (along with the fact that there official market stats are not published) we set up our site.
Russell Shaw
October 28, 2009 at 11:15 pm
Eye opening post, Ginny. Thank you.
Most interesting point to me was almost NO buyer agents. There are some buyer agent Realtors here in the U.S. working to “get rid of dual agency”. I have always thought that to the exact degree they were “successful” at their goal – they would be putting themselves out of business and creating less representation for buyers, not more.
Jim Gatos
October 29, 2009 at 7:07 am
FINALLY!
Something good about France!
“buyer’s agents practically don’t exist.”
Please… aside from my general disdain of french politics and food, Now I actually have something to LIKE France about!
Fred Romano
October 29, 2009 at 10:46 am
Wow I guess I wouldn’t have a job in France! LOL
Dan Homan
October 29, 2009 at 10:47 am
Requiring all agents and brokers to be part of a MLS is nothing but anti trust. When I practiced in NY, the most affluent areas – the hamptons and Manhattan were desperately trying to fight off Dottie Herman’s efforts to evangelize the well to do real estate heathen. Sadly, her despairation to bring a “code of ethics” to people who answered only to state licensing boards, and misconduct could result in a loss of livelyhood – way more effective than unpublished and sealed records of COE “violations.” Remember MLS membership also requires NAR membership (I like to vote for my leaders thank you) and all the baggage that Realtor.com brings (do you really want to go there?). I am glad that the French see the light about something.
Portland Condo Auctions
October 29, 2009 at 11:40 am
Interesting. It certainly would make finding the right place for your client impossible. I may not really love the MLS, but it certainly has a place in the world.
-Tyler
Dan Homan
October 29, 2009 at 1:11 pm
Tyler –
No MLS makes business as the NAR does it impossible, most brokerages are run like AMWAY of the 70’s and repeat referral business is a thing of the past. Funny the only agents that last are the agents who use the non NAR business model, and don’t sell their souls and the futture of their grand children through stupid gimics and tax legislation. They build business relationships that last their whole career, not just with customers but with other agents. If you belong to a local association you know that the bulk of cooperation is not polite but out of obligation.
David Sherfey
October 30, 2009 at 11:02 pm
Those all sound like areas ripe for some owner-sourced marketing.” The seller pays upfront for real marketing, has an innovative marketing company web-publish it and then make it available to all the “agents.”
Melina Tomson
October 30, 2009 at 11:12 pm
Remember MLS membership also requires NAR membership
This statement is mostly true, but not totally accurate. 82% of MLS’s require Realtor membership. Mine does not. So not ALL MLS’s require you to be a REALTOR. Some leave it up to members to decide.