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Multiple Listing Service Philippines
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Multiple Listing Service Philippines

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The First and only Multiple Listing Service in the Philippines with Data License Agreement with Move Inc. , operator of www.realtor.com/international …

The First and only Multiple Listing Service in the Philippines with Data License Agreement with Move Inc. , operator of www.realtor.com/international

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  • 1. www.mls.com.phThe only Multiple Listing Service in the Philippines with Data LicenseAgreement with Move Inc. , operator of www.realtor.com/international
  • 2. Frequently Asked Questions Q. What is Multiple Listing Service / or MLS ? A. MLS is Multiple Listing Service provided for International REALTOR® Members .and PRC Licensed Real Estate Practitioners. It is the exchange of property information for sale or lease and offers of compensation that lead to cooperative sales and lease transactions
  • 3.  What are the basic elements of MLS A. Basic Elements : • a facility for the orderly correlation and dissemination of listing information so participants may better serve their clients and customers and the public • a means by which authorized participants make blanket unilateral offers of compensation to other participants or • a means of enhancing cooperation among participants • a means by which information is accumulated and disseminated to enable authorized participants to prepare appraisals, analyses, and other valuations of real property for bona fide clients and customers • a means by which participants engaging in real estate appraisal contribute to common databases
  • 4.  Q. Who can participate in the MLS ? A. All PRC Licensed Practitioners and International REALTOR Members (IRM) of CREBANAR Global Real Estate Council can join in the MLS B. Only Listings of International REALTOR Members (IRM) will be integrated to www.realtor.com/international
  • 5.  Q. How can I be an International REALTOR Member (IRM) ? A. All PRC Real Estate Practitioners can sign up for membership and pay their NAR Membership dues through CREBA NAR Global Real Estate Council B. Go to www.crebanar.com and download application from menu box …. Be a Member C. Call CREBA at (632)3732270 to 75 or email crebanar@yahoo.com for more details
  • 6. Q. Is participation to MLS required to all IRMS?A. Participation to MLS is optional but Listings from www.mls.com.ph to be integrated to www.realtor.com/international is a service exclusive to IRMs only
  • 7. Q. Is MLS membership Free?A. All MLS fees, dues, and charges, including, but not limited to, initial participation fees, subscription fees, etc., may be assessed to MLS participants or to individual users or subscribers
  • 8. Q. Is an Authority from the Client required to list or upload a property ?A. Yes, an Authority To Sell/ Lease from the Seller/Lessor to the Listing Broker is required for all Listings to be uploaded at www.mls.com.ph
  • 9.  Q. Are Listings filed with MLS exclusive to Participants? A. Any Listing filed with the MLS shall not be made available to any broker or firm not a member of the MLS without the prior consent of the listing broker.
  • 10.  Q. Is Reporting Sales to the MLS mandatory? A. Yes, all Sales of listed property shall be reported promptly to the MLS by listing brokers.
  • 11.  Q. Can Listings be withdrawn from a multiple listing service by participants prior to the listing’s expiration date? A. Yes, Listings may be withdrawn from a multiple listing service by participants prior to the listing’s expiration date.
  • 12.  Q. Will MLS display expired, withdrawn Listings? A. No , MLS will remove expired and withdrawn Listings.
  • 13.  Q.Will MLS display confidential information fields intended for cooperating brokers rather than consumers including compensation offered to other MLS participants, showing instructions,property security information, etc? A. No, MLS will prohibit display of any confidential information.
  • 14.  Q. Will MLS display seller’s(s’) and occupant’s name(s), phone number(s), and e-mail address(es)? A. MLS will maintain confidentiality of Seller’s information.
  • 15.  Q. Does MLS fix, control, recommend, or suggest the commissions or fees charge by the listing broker to a cooperating participant? A. No. In filing property with the multiple listing service, participants make blanket unilateral offers of compensation to the other MLS participants and shall therefore specify on each listing filed with the service the compensation being offered by the listing broker to the other MLS participants. This is necessary because cooperating participants have the right to know what their compensation will be prior to commencing their efforts to sell.
  • 16.  Q. What happens to the Listings of resigned participants? A. When a participant of the service resigns from the MLS, the MLS is not obligated to provide services, including continued inclusion of the resigned participant’s Listings in the MLS compilation of current listing information. Prior to any removal of a resigned participant’s listings from the MLS, the resigned participant should be advised, in writing, of the intended removal so that the resigned participant may advise his clients.
  • 17. How to be a Member @ www.mls.com.ph Log on to www.mls.com.ph Create an Account ( see menu box at the upper right hand of the Homepage ) A confirmation of your membership will be sent to your email Log on again to www.mls.com.ph , using your approved username and password. Go to Control Panel to Post your Exclusive / Direct Listings A Membership Manual will be provided for you to manage your Listings , account and profile. A Premium service is also provided for you to manage your Leads, Prospects and Clients Full access to Listing details of other Cooperating Members, including rate of commission All full Features will be available to Premium Members only
  • 18.  Q. What are the types of Membership ? Basic Membership : any PRC Licensed Real Estate Practitioners who subscribe and membership approved can avail the free posting of listings Premium Membership : Exclusive to International REALTOR Members (IRM) who subscribe and membership approved and had paid MLS Fees can post unlimited listings, avail premium services , like manage Leads, Prospects, Clients and integration of Listings to www.realtor.com/international
  • 19. ACT NOWand have your LISTINGS integrated at www.realtor.com/international JOIN AND SUBSCRIBE TO www.mls.com.ph NOW
  • 20. GET YOUR LISTINGS integrated atwww.realtor.com/international SUBSCRIBE TO www.mls.com.ph NOW