The MLS is about two things, cooperation and compensation. The MLS listing creates a compensation agreement between the listing brokerage and the cooperating brokerage. CTMLS Rules and Regulations state that entitlement to the cooperating broker commission is determined by the identity of the buyer agent who is the procuring cause of the successful transaction. There are no further qualifications or comments that can change these criteria. Commission in the MLS is paid on the gross sale price. CTMLS Rules and Regulations Article 7, Section 7.1 Compensation Specified on Each Listing.
Common statements that are not allowed include, but not limited to:
No commission paid on upgrades
Commission paid on net only
No commission paid if Read more [...] Compliance Blog: Connecticut Real Estate Commission
The MLS is about two things, cooperation and compensation. The MLS listing creates a compensation agreement between the listing brokerage and the cooperating brokerage. CTMLS Rules and Regulations state that entitlement to the cooperating broker commission is determined by the identity of the buyer agent who is the procuring cause of the successful transaction. There are no further qualifications or comments that can change these criteria. Commission in the MLS is paid on the gross sale price. CTMLS Rules and Regulations Article 7, Section 7.1 Compensation Specified on Each Listing.
Common statements that are not allowed include, but not limited to:
No commission paid on upgrades
Commission paid on net only
No commission paid if Read more [...] 10 Ways To Promote Your Connecticut Real Estate Business Through Search Engine Optimization
I talked about this yesterday in my Internet Marketing 101 class. There are literally hundreds of social networks that you and your business can be on. There are literally hundreds of companies that will help you promote your business online. There are literally thousands of websites that you can pay to advertise on.
So how do you sort through all of the clutter and get the most out of your time and your money online?
Today I want to walk you through 10 different ways to promote your business sellingCT homes for sale using Search Engine Optimization (SEO). Having 10 steps is not meant to overwhelm you, but rather give you a blueprint for your future. This way you can bookmark or print out this list and run through them like a check Read more [...] 5 Must-Know MLXchange Shortcuts
We're all pressed for time and when you're navigating MLXchange to find what you are looking for you're better off using a few shortcuts that will help you get to the information in the shortest possible time. Whether you're heading off to a client meeting or late for an office meeting, these shortcuts will come in handy so you can be ready with every piece of information that your clients or office mates are relying on you for.
These few tips will allow you access crucial information on the market in general and on a particular property.
1.) The Hotsheet: You may be familiar with this tool in MLXchange, but did you know you can customize this to truly give you a picture of the market in your area? A quick click will give you a snapshot Read more [...]
Posted in MLXchange
Tagged Hotsheet, listing results grid, Map View, Market Statistics, photos, Realist 2
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The iPad, MLXchange and You
We've been getting a lot of calls around here about the iPad and how it interfaces with MLXchange. The easy answer is, it doesn't. The more in depth answer can be found in the video below.
On this site before we've talked about whether or not you should consider purchasing the new iPad, but whether you have the original iPad, iPad 2 or the iPad 3, you will have the same luck accessing MLXchange.
As for other tablets, in it's current form, MLXchange will not work with these other tablets either. However, FusionMLS, mentioned in the video above, will be natively compatible with any tablet that runs flash. Fusion will also run on any web browser.
Bottom line, should you ditch your computer for the iPad or a similar tablet? If Read more [...] Membership Blog: Don’t give away the keys to the kingdom–
Passwords are like keys, used to unlock doors that open to hidden treasures. Consider the passwords you have and why. What do they unlock? When you were given your CTMLS User ID and Password, it was to allow access for you to enter and amend listings, perform searches, run reports, and take advantage of the variety of services that CTMLS provides, such as Data Co-Op and Kurio. Use of these applications is limited to Participants, Subscribers Administrative Assistants who have completed an application to join our service and paid all applicable fees.
As a member of CTMLS, you are expected to practice "smart computing", which means that you must follow the most basic of the "smart computing" principles of not sharing your password – with Read more [...] Compliance Blog: Inventory Watch
The Inventory Watch is located on the home page of the MLXChange. This is a great tool for several reasons. Most importantly it is a summary of agent’s personal listings, their office and their firm’s listings. Agents can check this Inventory Watch daily to see the most current status of their office and their company listings. By checking this daily, agents can keep their inventory up to date by managing their listings that have been on DRENT, SHOW or DEPOS too long, soon to expire listings and open houses that need updating. Helping to keep their office and their firm inventory accurate.
Additionally, Inventory Watch can be used in place of the office inventory book. To further explain, most offices have an “office inventory” Read more [...]
Posted in Compliance
Tagged firm inventory, Inventory watch, MLXchange, office inventory, personal inventory
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You Can’t Do That On The Internet…
Truth be told there isn't a lot you can't do on the Internet, in fact you can do just about anything you'd like online. Maybe a more appropriate heading would be You "Shouldn't" Do That On The Internet, especially if you want to grow your business.
The lifeblood of any CT real estate business is referrals. One client telling a friend how great you are and having that message travel from person to person garnering you and your business new clients along the way. It's a tried and true method for gaining new clients both on and offline. We talk a lot about building online referrals in our Internet Marketing classes.
You might think that it's ok to go to the ends of the Earth to secure referrals online then right? Well, not so fast. Read more [...]
Posted in Internet Marketing
Tagged blogging, E-mail marketing, Facebook, referrals, selling
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