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For Sale By Owner and the MLS® System

It is a well known fact that over 86% of Buyers search the web before they ever, physically view a property.

The web site that Buyers most rely on is REALTOR.ca  (formerly MLS.ca) when shopping for Real Estate.

You get the same exposure for your listing on REALTOR.ca that a REALTOR® gives to his clients.

The cost of marketing your property is controlled by you.

You arrange showings suitable to your time commitments.

You can negotiate a contract directly with a Buyer.

We have a mere-posting plan available to Sellers for a one-time fee

You must agree to cooperate with REALTORS®

Only REALTORS® are permitted to display MLS® trademarks in any signage, advertising, etc.

 

You Want To Sell Your Own Property And You Want To Use The MLS® System To Assist You In Marketing

Saving Money - The main reason people attempt to sell their own property is to save money on Real Estate Commission.  We recognize that there are those who have the confidence in their abilities to see a sales transaction through on their own. Therefore we offer a limited service to those who wish to go "For Sale By Owner".

How Do You Get Your Property Marketed on the MLS® System? - Well, you must enlist the services of a licensed REALTOR®.  "Why?" you ask.  Well, in simple terms ...

Multiple Listing Services (MLS®) - The MLS® system and the public web site known as www.REALTOR.ca was developed, built and paid for over many years by the owners - Canadian Real Estate Association (CREA) through its member boards and REALTORS®.  It was initially developed as a tool for REALTORS® to share listing information with other REALTORS® so that they may provide comprehensive information to their list of Buyers.  It served to expose the Sellers listing to many REALTORS® in essence putting every REALTOR® to work for the Seller.

Going Public - CREA, its member Boards and REALTORS® continued to develop their technology over many years and when it was realized that a majority of the public had access to the web, the decision was made to create a public web site now known as www.REALTOR.ca.  Thus the exposure for clients listed with a REALTOR® was substantially increased and it allowed Buyers to shop at their leisure.

Costs And Integrity - As you can imagine, the cost and management of this Canada-wide system is staggering. The cost, rules and regulations are the responsibility of every REALTOR® and are imposed to safeguard the information and the integrity of the MLS® system and resulting public web site.

Recent Changes - Recently, CREA and its member Boards have modified the wording of its regulations to allow REALTORS® to offer limited services to Sellers that would permit them to place listings on the MLS® where the Seller wishes to sell 'For Sale By Owner'.  However, the Three Pillars of the MLS® remain intact to protect and ensure the integrity of our MLS® system.

The Three Pillars are interpreted as:

  • Only licensed members (REALTORS®) may Broker Load listings on the MLS® system
  • A listing REALTOR® must act as agent for the Seller in order to post, amend or remove a property listing in the MLS® system
  • An offer of compensation of zero offered to a cooperating REALTOR® is not acceptable

The Services We Offer - REALTORS® are professionals who can assist you through every step of one of the largest financial transactions you will probably ever make. We highly recommend that you hire a professional to guide you through a sale however; if you wish to go For Sale By Owner (FSBO) and would like to market your property through our MLS® system, please speak to our Team of Professional REALTORS® who will provide you with information about the plan we offer for a one-time fee.

Selling a property is one of the biggest financial transactions most of us will ever make.
It is not a sale you'll want to regret.

 

 

South Shuswap Office ~ Sorrento     Ph:  250-675-2317  Fx:  250-675-4373  c21lake@century21lakeside.com
North Shuswap Office ~ Scotch Creek     Ph: 250-955-0307 Fx: 250-955-0308 c21lakesc@century21lakeside.com
BRITISH COLUMBIA, Canada

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