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SHAL MLS, LLC

Multiple Listing Sales Process
and Participants

What seems to be a simple real estate transaction can involve hundreds of people and stimulate the economy.

Property Owners
and Sellers

Property Buyers

Sellers Real Estate
Agent

Buyers Real Estate
Agent

The MLS Listing

Property Owners / Sellers

​

  •  Value property. Website using MLS data. (Real Estate Website developers)

  •  Search for properties. Website MLS data

  •  Search for properties on the street.  See signs. (Sign makers)

  •  Receive marketing (Marketing companies)

    •  Mail

    • Email

    •  TV

    •  Radio

    •  Social Media

Property Buyers

  •  Search for properties. Website MLS data

  •  Search for properties on the street.  See signs. (Sign makers)

  • · Receive marketing (Marketing companies)

    •  Mail

    •  Email

    •  TV

    •  Radio

    •  Social Media

  • · Obtain Pre-Approval of Mortgage Financing.

    •  Financing websites (use MLS data)

Real Estate Agents

A Licensed Professional

  •  Trained and tested by an approved Real Estate Education Company

Advertise to property owners using.

  •  Real Estate Websites

  •  Email and Direct mail marketing

  •  Radio and TV

  •  Billboard and mass media

Use Real estate software and websites that use MLS data to

  •  Estimate property values

  •  Find areas with strong sales

  •  Make presentations to property owners.

Listing preparations

  • Vendors used to Prepare property

    • Repair companies

    •  Painters

    •  Cleaning companies

    •  Landscapers

    •  Staging and decorating services

    •  Photographers

    •  Marketing companies

    •  Real Estate Websites

    •  Sign makers

Real Estate Software

  • Comparative Market Analysis of Value (MLS data)

    •  Presentation to property owner.

  • Real Estate Transaction Forms

    •  Standard contracts and other documents

    •  Import MLS data for property verification

    •  Will use a “DocuSign” type program developed for Arabic.

Some Real Estate agents use Transaction coordinators.

The Listing

· Real Estate Agent Enters property information on the MLS.

  •  Enter specific information

  •  Add photographs

  •  Add government information

    •  Taxes        

    •  Legal Description

  •  MLS information (IDX) is sold to Real estate marketing websites and companies send listing information to people searching for homes.

  •  Agents use the MLS to search for a find properties based on the buyers requirements.

  •  Agents can use a variety of Real Estate applications through the MLS to help them market and complete the transaction.  All use MLS data.  Examples include:

    •  Mobile MLS Search

    •  Public Records Searches

    •  Property Showing Schedulers

    •  Document preparation and electronic signature acquisition.

    •  Relationship management (Realtor-Client)

    •  Statistical Reports of MLS data

    •  New Construction Searches

    •  Commercial listing searches

    •  Comparative Market Analysis Valuation

    •  Statistical Chart applications

    •  Property Watch.  Alerts Agents of desirable properties

    •  Agent evaluation and reviews

    •  Mortgage rate information

    •  Virtual Tours using specialized cameras

    •  Global Real estate searches

    •  Rental property searches

    •  Specialized mapping applications

    •  Agent education classes

    •  Social Media Marketing

    •  Electronic Lock Box for Showing Property

The Contract

  •  Contract Negotiated and Accepted

  •  Inspection of property

    •  Buyer’s inspector examines the property. 

      •  Creates an inspection report.

    •  Repairs made if required.

    •  Seller may reject contract

  •  Title Company or Closing Attorney

    •  Provided listing and contract documents to prepare for closing.

    •  Searches public and notary records.

    •  Verifies ownership

  •  Appraisal

    •  Verifies that property is worth the contract price.

    •  Finance company requires minimum value.

  •  Financing Approval

    •  Property value sufficient

    •  Buyer’s credit sufficient

    •  Final approval for the financing purchase money.

  •  Insurance Obtained

The Sales Contract

The Closing

Post Closing

The Closing

  • Final documents signed recorded and registered

  • Money transfered

  • Taxes Paid.

After The Closing

  • · Buyers prepare property to move in.

  • · Repairs

  • · Paint

  • · Hire moving company

  • · New appliances

  • · New furniture

  • · Hire new staff

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