Category: listings (3)

MLS-listingsIt’s difficult for any Home Buyer to make a final decision until they have been exposed to ALL the available Real Estate Listings and be assured that they did not miss a better home. Today your real estate agent has a host of technology available to assist Home Buyers in their search. Properly deployed, these technologies ensure that all available listings are at your disposal and that a Buyer is not overburdened or confused by viewing property that does not fit their criteria. Your REALTOR® has access to your local Multiple Listing System (MLS®) where they post available listings for other cooperating agents to view and sell. This is a local private database which is available to REALTOR® members of organized real estate. For example, members of the Calgary Real Estate Board (CREB) host a local database of available listings from their over 5,000 REALTOR® members. These REALTORS® are required to abide by rules governing their use of data, business ethics and how they cooperate. This system enables members to have access to all the new listings immediately when they are entered into the system . Access to this system ensures that you have the most up to date information and assures that you are seeing all the listings Real Estate Listings currently available on the MLS®.

Your agent should be able to set up a custom search for you that will email you this information immediately. Alternately, there are many sites that allow to you locate new listings manually or allow you to sign up for automatic updates. Armed with this information and a great Real Estate Agent, you can be assured to stay on top of all the new listings, the minute they come on to the market and not be overburdened by information on homes that do not fit your criteria.

If the other company is a member of a cooperative Multiple Listing Service® (MLS®)  which your  Agent belongs, then they share listing information to all members. For Sale By Owner (FSBO) properties are not listed in MLS® so an agent would be required to contact the Owner to receive the property information and if you are working with your Agent under a buyer agency agreement, your agent may be able to help you purchase a FSBO.

Sometimes if you call on a sign, an listing agent may entice you to work through them “exclusively”.  Be aware that the Listing Realtor may be obligated to provide fiduciary duties to you (look after your best interest) and you may be treated as simply a customer.  If you have an Agent or REALTOR® that you know and trust, you should always check with them first or simply insist that you will be represented by your REALTOR® and that your REALTOR® will contact them to obtain further information. Almost always the Seller has a commission or fee allocated to the Buyers agent. The only incentive for dealing exclusively is for the listing agent who hopes to be paid the buyer agent portion of the commission also. By insisting on represntation you can ensure that your interests will be best represented and that you agent is paid for his work further enhancing your working relationship with your chosen agent.