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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Ajay Aggarwal who wrote (70811)4/27/2001 7:51:03 PM
From: Tradelite  Respond to of 122087
 
To Ajay...
No, I doubt HOMS/Realtor.com will ever collect a commission for a house sale. HOMS doesn't sell houses.....Realtor.com, like the local MLS, is a database.....human beings (buyers, sellers, agents) sell the properties and only then after going thru much agony and hard work on all sides, involving many other people, such as home inspectors, lenders, appraisers, termite inspectors and settlement agents.

If you are an agent, it saves a lot of time to have buyers/sellers peruse Realtor.com to get an idea of house styles and prices in specific locations before they contact you in the first place. You don't have to show a house that someone has already eliminated by seeing the photo on the Internet. Also, Realtor.com is updated regularly, but is not real-time like the MLS (in my area) is, so homes you see on Realtor.com may not still be available in times of hot real estate markets.

Our MLS is pretty much up-to-the minute, so buyers should contact a Realtor (perhaps one who appears on Realtor.com as specializing in a specific area) if they really want to nail the house of their choice.

Realtor.com is also the place where people can find you if you are trying to attract buyers/sellers.



To: Ajay Aggarwal who wrote (70811)4/27/2001 8:31:20 PM
From: mmmary  Respond to of 122087
 
ajay: that would be illegal

It is illegal for an unlicensed person/entity to collect a percentage fee for the sale of a property. If they were to just ask for a set amount every time a property is listed, that would be legal but it cannot be based upon the price or the sale.