The Net Works for Realtors ® Multiple Listing Systems, Listing Promotions Venues and other Realtor’s Online Tools of the Trade MUNREB New Brokers Orientation

The Net Works The Net Works for Realtorsfor Realtors®®

Multiple Listing Systems, Listing Promotions Venues Multiple Listing Systems, Listing Promotions Venues and other Realtor’s Online Tools of the Tradeand other Realtor’s Online Tools of the Trade

MUNREB New Brokers Orientation SeminarMUNREB New Brokers Orientation Seminar

Realtor Maita Herce-SiquijorTrustee & MLS Chairman

PAREB-Muntinlupa Realtors Board (MUNREB)Blog: http://architerra.wordpress.com

The Net Works for RealtorsThe Net Works for Realtors® ®

Presentation ObjectivesPresentation Objectives

To provide an overview of available To provide an overview of available networking tools from MUNREB and networking tools from MUNREB and PAREB PAREB

The Net Works for Realtors®The Net Works for Realtors®Presentation ObjectivesPresentation Objectives

To provide an overview of basic rules and To provide an overview of basic rules and guidelines in listing properties in the MLSguidelines in listing properties in the MLS

To give starter links of online resources for To give starter links of online resources for the Realtor®the Realtor®

The Net Works for RealtorsThe Net Works for Realtors®

Multiple Listings SystemMultiple Listings System

• Definition: Definition:

A complex information-sharing system and A complex information-sharing system and cooperative marketing network created by cooperative marketing network created by REALTORSREALTORS®® in the US several decades ago to in the US several decades ago to help the public buy and sell homes and help the public buy and sell homes and commercial properties. Also known commercial properties. Also known as Multiple as Multiple Listing Service (MLS).Listing Service (MLS).

Source: "The Multiple Listing Service & You!" http://realtor.org.ph/index.php?option=com_content&view=article&id=28&Itemid=42, updated Mar 22, 2009


• In the Philippines, MLS is an electronic In the Philippines, MLS is an electronic forum used to promote among co-brokers forum used to promote among co-brokers the latest properties for sale or lease , the latest properties for sale or lease , qualify properties according to the client’s qualify properties according to the client’s needs, and exchange vital territory and needs, and exchange vital territory and pricing information not normally shared in pricing information not normally shared in the open market. the open market.

Source: "The Multiple Listing Service & You!" http://realtor.org.ph/index.php?option=com_content&view=article&id=28&Itemid=42, updated Mar 22, 2009


• Began as a face-to-face exchange of paper Began as a face-to-face exchange of paper listing information and photographs. Still listing information and photographs. Still practiced but with less frequency than before. practiced but with less frequency than before.

• Computer-based system used today by Computer-based system used today by Realtors is accessible thru the Net.Realtors is accessible thru the Net.

““Why Move the MLS Online?”Why Move the MLS Online?”

The online tools can provide Triple A The online tools can provide Triple A property information that customers property information that customers want:want:

AccurateAccurate Available immediatelyAvailable immediately AccessibleAccessible

““Why Move the MLS Online?”Why Move the MLS Online?”

Customers can either be: Customers can either be:

External External – Buyers, sellers, – Buyers, sellers, developers, lessors, lesseesdevelopers, lessors, lessees

InternalInternal – Co-brokers, agents – Co-brokers, agents

Multiple Listings SystemMultiple Listings SystemFeaturesFeatures

• Net-enabled —YahoogroupsNet-enabled —Yahoogroups

• Subscription-basedSubscription-basedOnly RealtorsOnly Realtors®® in good standing with their in good standing with their

Board can subscribe and access the info.Board can subscribe and access the info.

• Moderated forumModerated forumTo ensure information exchanged online is To ensure information exchanged online is

related to real estate issues, and relevant and related to real estate issues, and relevant and consistent with the MLS rules and guidelinesconsistent with the MLS rules and guidelines

Multiple Listings SystemMultiple Listings SystemFeaturesFeatures

• Published listings are either open or Published listings are either open or exclusive exclusive

• Open listingsOpen listings—Also known as non-exclusive —Also known as non-exclusive listing. Includes bank foreclosed properties, those listing. Includes bank foreclosed properties, those with FSBO signs, or listings given to several with FSBO signs, or listings given to several brokers by the same owner.brokers by the same owner.

No projects can be published thru the MLS No projects can be published thru the MLS without the MLS Chairman and without the MLS Chairman and President’s permission.President’s permission.

• Exclusive listingsExclusive listings—listings given to a sole listing —listings given to a sole listing broker tasked to exclusively represent the ownerbroker tasked to exclusively represent the owner

Multiple Listings SystemsMultiple Listings SystemsFeaturesFeatures

• Encourages online community interaction Encourages online community interaction with other MLS participantswith other MLS participants

• Searchable thru keywordsSearchable thru keywords

• Listings can be indexed by date or sender, Listings can be indexed by date or sender, but not by territory or categorybut not by territory or category

Two MLS GroupsTwo MLS GroupsLOCAL BOARD MLS:

[email protected]

Members to date: 79

For listings exchange and inquiries on property market information exclusively for access by MUNREB members.

Not interlinked with other boards.

Two MLS GroupsTwo MLS Groups

PAREB NATIONAL MLS: [email protected]

Members to date: 587

A coalition of members of forty-six(46) MLS local Groups, organized by licensed Realtors, to help each member maximize individual profitability through regular exchange of listings, ideas, leads, resources, informations and experiences.

Subscription to MLSSubscription to MLS

Visit: Visit:

MUNREBMUNREB

http://finance.groups.yahoo.com/group/munreb_mls/http://finance.groups.yahoo.com/group/munreb_mls/

PAREBPAREB

http://finance.groups.yahoo.com/group/mls2005/http://finance.groups.yahoo.com/group/mls2005/

Subscription to MLSSubscription to MLSClick the “JOIN THIS GROUP” buttonClick the “JOIN THIS GROUP” button

Moderator will consult with the Membership Moderator will consult with the Membership committee on applicant’s membership committee on applicant’s membership status before your subscription is status before your subscription is approved.approved.

Likewise, members who aren’t in good Likewise, members who aren’t in good standing will be suspended or barred from standing will be suspended or barred from accessing the Yahoogroups. accessing the Yahoogroups.

Posting Listings to MLSPosting Listings to MLSBasic GuidelinesBasic Guidelines

All listings published via the MLS are tagged with our local Board rules.

Once you post in the Yahoogroup email, it’s like a digital signature indicating your compliance with these rules.

Basic GuidelinesBasic Guidelines

By posting your listing or property requirement By posting your listing or property requirement on MUNREB_MLS you hereby certify that on MUNREB_MLS you hereby certify that your listings meet the following criteria: your listings meet the following criteria:

a)a) You have obtained express authority to sell You have obtained express authority to sell or lease the property directly from the or lease the property directly from the owner, landlord, or his appointed attorney-owner, landlord, or his appointed attorney-in-factin-fact


In the case of exclusivity, you have CLEARLY and In the case of exclusivity, you have CLEARLY and EXPLICITLY explained to the owner the implications EXPLICITLY explained to the owner the implications and responsibilities of both parties in granting an and responsibilities of both parties in granting an exclusive right to sell or to lease.exclusive right to sell or to lease.

The owner, in turn, must acknowledge that he FULLY The owner, in turn, must acknowledge that he FULLY UNDERSTANDS his responsibility that he should let UNDERSTANDS his responsibility that he should let all inquiries and negotiations pass thru you within the all inquiries and negotiations pass thru you within the period of exclusivity. period of exclusivity.


b)b) That the listed property is not a bank-That the listed property is not a bank-foreclosed property or project foreclosed property or project

c)c) That at the time you listed the property in the That at the time you listed the property in the MLS, there was no "FOR SALE BY MLS, there was no "FOR SALE BY OWNER" or "FOR LEASE BY OWNER" sign OWNER" or "FOR LEASE BY OWNER" sign for a considerable period for a considerable period


d)d) That you have clarified the broker's fee That you have clarified the broker's fee structure with the ownerstructure with the owner

e)e) That you have duly inspected the property, and That you have duly inspected the property, and that you will provide accurate data on the same that you will provide accurate data on the same to the best of your knowledge and abilityto the best of your knowledge and ability


f)f) That you agree to share 50% of the full broker's That you agree to share 50% of the full broker's commission with the buyer's or lessee’s broker, commission with the buyer's or lessee’s broker, regardless of how many parties you have on the regardless of how many parties you have on the listing sidelisting side

g)g) If you are the buyer's broker, likewise you agree to If you are the buyer's broker, likewise you agree to ask only for a maximum 50% of the total broker's ask only for a maximum 50% of the total broker's commission, regardless of how many parties have commission, regardless of how many parties have referred you to your current buyer or tenant referred you to your current buyer or tenant

Basic GuidelinesBasic Guidelinesh)h) That you will safeguard your privilege to exchange That you will safeguard your privilege to exchange

listings in the MLS by NOT sharing the info with 3rd listings in the MLS by NOT sharing the info with 3rd parties without the consent of the listing brokerparties without the consent of the listing broker

i)i) Further, that you will exercise Further, that you will exercise complete integrity complete integrity in in acknowledging listings. If you have first known of the acknowledging listings. If you have first known of the property due to the original listing broker's posting in the property due to the original listing broker's posting in the MLS, you bind yourself to acknowledge that broker as MLS, you bind yourself to acknowledge that broker as the source of the listing and subject yourself to the rules the source of the listing and subject yourself to the rules of sharing of the broker's fees as above.of sharing of the broker's fees as above.

RPMLXRPMLX

Website of listings and property information from PAREB Realtors

http://www.rpmlx.com

RPMLXRPMLXFeaturesFeatures

•Includes other helpful information such as zonal values, mortgage calculators, and other links.

•Listings are presented mainly in text, with drilldown information

•Accessible and searchable by the general public. One can limit search to a particular criteria. E.g. Search only for foreclosed properties, or according to a price range.


•Each subscribed member has his own, free webpage of listings


•Your webpage contains Realtor® contact information, indexed listing information and links to your listings


•Data form requires detailed information that will be searchable in the database.

RPMLXRPMLXSubscriptionSubscription

•Fill up application form onsite or visit http://www.rpmlx.com/subscribe.htm to subscribe directly with the

RPMLX moderator.

LinksLinksRPMLX-- http://www.rpmlx.com/index.htmRPMLX-- http://www.rpmlx.com/index.htm

PAREB Official Website-- http://www.realtor.org.ph/PAREB Official Website-- http://www.realtor.org.ph/

National Association of Realtors (NAR) USA website—National Association of Realtors (NAR) USA website—http://www.realtor.org http://www.realtor.org

MUNREB Post—MUNREB’s official blog at MUNREB Post—MUNREB’s official blog at http://munrebpost.wordpress.comhttp://munrebpost.wordpress.com

BIR Website—http://www.bir.gov.phBIR Website—http://www.bir.gov.ph

E-mail: E-mail: [email protected]

Blog: http://architerra.wordpress.comBlog: http://architerra.wordpress.com

Thank You!Thank You!

Documents

The Net Works for Realtors ® Multiple Listing Systems, Listing Promotions Venues and other Realtor’s Online Tools of the Trade MUNREB New Brokers Orientation