
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
Real Estate
Agents
Real Estate
Agents
The MLS Listing
Property Owners / Sellers
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Value property. Website using MLS data. (Real Estate Website developers)
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Search for properties. Website MLS data
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Search for properties on the street. See signs. (Sign makers)
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Receive marketing (Marketing companies)
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Mail
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Email
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TV
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Radio
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Social Media
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Property Buyers
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Search for properties. Website MLS data
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Search for properties on the street. See signs. (Sign makers)
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· Receive marketing (Marketing companies)
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Mail
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Email
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TV
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Radio
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Social Media
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· Obtain Pre-Approval of Mortgage Financing.
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Financing websites (use MLS data)
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Real Estate Agents
A Licensed Professional
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Trained and tested by an approved Real Estate Education Company
Advertise to property owners using.
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Real Estate Websites
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Email and Direct mail marketing
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Radio and TV
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Billboard and mass media
Use Real estate software and websites that use MLS data to
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Estimate property values
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Find areas with strong sales
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Make presentations to property owners.
Listing preparations
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Vendors used to Prepare property
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Repair companies
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Painters
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Cleaning companies
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Landscapers
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Staging and decorating services
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Photographers
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Marketing companies
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Real Estate Websites
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Sign makers
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Real Estate Software
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Comparative Market Analysis of Value (MLS data)
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Presentation to property owner.
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Real Estate Transaction Forms
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Standard contracts and other documents
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Import MLS data for property verification
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Will use a “DocuSign” type program developed for Arabic.
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Some Real Estate agents use Transaction coordinators.
The Listing
· Real Estate Agent Enters property information on the MLS.
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Enter specific information
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Add photographs
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Add government information
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Taxes
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Legal Description
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MLS information (IDX) is sold to Real estate marketing websites and companies send listing information to people searching for homes.
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Agents use the MLS to search for a find properties based on the buyers requirements.
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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:
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Mobile MLS Search
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Public Records Searches
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Property Showing Schedulers
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Document preparation and electronic signature acquisition.
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Relationship management (Realtor-Client)
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Statistical Reports of MLS data
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New Construction Searches
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Commercial listing searches
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Comparative Market Analysis Valuation
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Statistical Chart applications
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Property Watch. Alerts Agents of desirable properties
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Agent evaluation and reviews
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Mortgage rate information
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Virtual Tours using specialized cameras
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Global Real estate searches
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Rental property searches
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Specialized mapping applications
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Agent education classes
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Social Media Marketing
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Electronic Lock Box for Showing Property
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The Contract
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Contract Negotiated and Accepted
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Inspection of property
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Buyer’s inspector examines the property.
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Creates an inspection report.
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Repairs made if required.
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Seller may reject contract
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Title Company or Closing Attorney
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Provided listing and contract documents to prepare for closing.
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Searches public and notary records.
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Verifies ownership
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Appraisal
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Verifies that property is worth the contract price.
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Finance company requires minimum value.
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Financing Approval
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Property value sufficient
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Buyer’s credit sufficient
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Final approval for the financing purchase money.
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Insurance Obtained
The Sales Contract
The Closing
Post Closing
The Closing
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Final documents signed recorded and registered
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Money transfered
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Taxes Paid.
After The Closing
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· Buyers prepare property to move in.
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· Repairs
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· Paint
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· Hire moving company
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· New appliances
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· New furniture
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· Hire new staff