MLS Listings Types,

1=Full Service, Exclusive Right to Sell (ERTS/FS) -  Standard with all our listings. Exactly the same marketing and service (with more experience) vs. ANY 6% listing REALTOR!
is a listing where the listing brokerage offers full service to the seller (s).
Broker is granted the Exclusive right to sell property and is responsible for but not limited to the following,
a) Arrange all appointments to show the listed property and maintain records.
b) Responsible for all types of Marketing and Advertising.
c) Present All offers to purchase to the seller (s).
d) Advise the seller (s) as to the merits of offers to purchase.
e) Assist the seller (s) in developing, communicating, or presenting counteroffers.
f) Participate on the seller (s) behalf in negotiations leading to the sale of listed property.
f) To supply pre closing documents and attend closing.
 Maximum Exposure/Marketing to "ALL LOCAL REALTORS and their Buyers"

  your home will also be marketed on all Local Real Estate sites for maximum exposure ! IDX sites are quickly becoming the #1 Search for home buyers. Sites with IDX displays more information including address, photos, property tax information and maps, with no distracting/annoying pop up windows, less commercialized, focuses more on the property, surpassing REALTOR.com. (Example of IDX)

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- Below are "Limited service listings" these are what other Flat fee MLS brokers will give you,  don't be mislead!

Sellers / Owners retain their right to;

• sell by owner.

• determine buyers agent commission (1%-3%).

• market property sale by owner including yard sign.

• cancel anytime without penalty or fees.

• Sellers / Owners are responsible for all items mentioned within "1=Full Service, Exclusive Right to Sell (ERTS/FS) " .

* 2=Exclusive Agency (EA) -
Authorizes the listing broker, as exclusive broker, to offer cooperation and compensation on a blanket unilateral basis, but also reserves the general right of the seller (s) to sell the property on an unlimited or restrictive basis. (In other words, the seller will pay the brokers commission if the agent secures the buyer, but if the seller secures their own buyer, the seller is not obligated to pay a commission).
 Listed on Realtor.com with limited marketing in the REALTORS MLS and will appear on limited local IDX sites.

* 3=Limited Service (LS) -
A Listing agreement under which the listing broker will NOT provide one, or more of the following services:
a) Arrange all appointments to show the listed property and maintain records.
b) Responsible for all types of Marketing and Advertising.
c) Present All offers to purchase to the seller (s).
d) Advise the seller (s) as to the merits of offers to purchase.
e) Assist the seller (s) in developing, communicating, or presenting counteroffers.
f) Participate on the seller (s) behalf in negotiations leading to the sale of listed property.
f) To supply pre closing documents and attend closing.
 Listed on Realtor.com with limited marketing in the REALTORS MLS and will appear on limited local IDX sites. 

* 4=MLS Entry Only (MEO) -
A Listing where the listing is entered into one MLS system Only, But NONE of the services mentioned above are provided by the listing broker.
 Listed on Realtor.com with limited marketing in the REALTORS MLS and will appear on limited local IDX sites.

* These types of listing, the home owner reserves the right to market and sell their property themselves, i.e. For Sale By Owner / FSBO.

Thank you,
Anita Satterfield, Broker/Owner/e-Pro
 
Broker@MiRealEstateToday.com