Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

53
Posts
3
Votes
Jack Taylor
  • Miami, FL
3
Votes |
53
Posts

Flat Fee MLS - Local or National?

Jack Taylor
  • Miami, FL
Posted

If I decide to go with a flat-fee MLS service, I'd like to be able to control my listing myself through some kind of website login where I can change the pictures, description, etc., all myself. Is this possible with any flat-fee MLS listing? Or do I have to contact the agency who is listing my house every time I want to change the listing?

Another question--it seems like the local MLS flat-fee agencies are requiring me to sign a contract about my listing agreement with them. Since I know nothing about flat-fee services, is this ok? I don't want to end up paying more for the services than just the flat-fee. I can handle lock box, negotiations, etc. I already have a lawyer as well.

Most Popular Reply

User Stats

53
Posts
19
Votes
Stephany Trombello
  • Real Estate Agent
  • Downers Grove, IL
19
Votes |
53
Posts
Stephany Trombello
  • Real Estate Agent
  • Downers Grove, IL
Replied

Hi Jack Taylor, I'm a real estate agent from Downers Grove with Baird & Warner. To put it simply, yes, only the broker can make changes to the listing in the MLS. This is usually because the MLS has specific rules and regulations/laws that need to be followed, such as the type of phrases you are allowed to use in the description for example, otherwise you risk a large fine. While your Realtor already knows what's allowed and what isn't, you can always tell them how you want in listed and they'll tell you whether Its allowed or not, versus having to go to your attorney every time to make a change to make sure it fits their ethical guidelines, who may not be familiar with the MLS specific to your area. Hope this helps! Message me if you have any other questions!

Loading replies...