Thanks to all of the real estate agents who have sent sellers our way over the years. Six percent of our customers are referred to us by agents or have been agents themselves. MLS4owners.com can help if you have a friend, neighbor or client who does not have enough equity to afford full service representation. We do not create an agency relationship with the seller, so you may feel free to communicate with the seller without violating and agent/client relationship. If you have a buyer client who wants to sell the home on their own, MLS4owners.com can get them into the system. This will comply with the terms of their purchase while also giving you an opportunity to bring in buyers for their home.
WILL THE SELLER PAY A COMMISSION? Our advertising agreements include a statement that the seller will pay a selling office or buyer agent fee if the buyer is represented by an agent. The fee is set by the seller and is disclosed in the MLS database, and by MLS rules is non-negotiable.
MAY AGENTS CONTACT THE SELLER DIRECTLY? Yes, feel free to talk directly to the seller for all questions, showing appointments, presentation of offers, and disclosure forms. You will not violate an agency relationship by doing so. Of course, REALTORS® should not solicit our sellers, as they have an existing agreement with MLS4owners.com, and soliciting the seller would be a violation of licensing law, MLS rules and REALTOR® Code of Ethics.
WHAT HAPPENS ONCE THE PURCHASE AND SALE AGREEMENT IS SIGNED? In compliance with MLS rules, the buyer's agent should email MLS4owners.com so we can update the MLS database. Please include your office's MLS number so we can give you and your office credit for the sale.
DOES MLS4OWNERS.COM REFER BUSINESS TO OTHER REALTORS®? Sometimes our customers' needs change and they need full-service real estate representation. In those cases we create a win-win-win situation. We can refer those customers to members of our referral network. When you sell the property and have a valid referral agreement in place, the customer will receive at closing a rebate of their MLS4owners.com fee.
You get introduced to a motivated seller (who likely would have been a FSBO), we collect a customary referral fee, and the customer recovers their investment while being serviced by a full-time, full-service real estate professional. Everybody wins!
If you would like to receive referrals, please email us with your area of interest and contact information.
DOES MLS4OWNERS.COM WORK WITHIN THE INDUSTRY? Yes! We are members of our local, state and national REALTOR® associations. Our broker Chris Nye was appointed a 2009 member of the Board of Directors of the Seattle King County Association of REALTORS®. He also serves on the By Laws Committee of the Northwest Multiple Listing Service and as a panelist for NWMLS arbitration hearings.
NAR's Antitrust in Real Estate video (16 minutes). For NWMLS members, click on this link AFTER logging into Discover, or look in the Laws/Ordinances section of the Law Library.
I LIKE THIS BUSINESS MODEL. MAY I COPY IT? Welcome to the category! But first, a few words of caution. MLS4owners.com® and Real Estate Mumbo Jumbo® are protected under laws of the United States Patent and Trademark Office. The content of this website, including the Self Service Realty name, plus all of our forms, agreement and text, were created by MLS4owners.com and are our copyrighted property. Do not infringe on these trademarks or our copyrighted materials as we have and will continue to vigorously defend them.