The International MLS [IMLS] has announced that its Free to List-Commission Share platform for all U.S. agents is now available. Real estate agents may now register and manually list their property listings at no cost for global exposure on all of the International MLS search widgets now being distributed globally as well as on the company’s two main web sites, www.TheInternationalMLS.com and www.TheInternationalRealty.com.
According to the company, this is brand new to the real estate industry as the first true commission share International MLS, with its free IMLS search being delivered now around the world. This ability for agents to list their properties manually would be in addition to the ability for all U.S. brokers now to send an electronic data feed with all of their company’s listings to the IMLS on an automated basis for promotion on a worldwide scale to be on hundreds of thousands of web sites.
The International MLS, created by The International Realty Inc., provides an international MLS (Multiple Listing Service) with around 150,000 properties in 55 countries outside the U.S. These property listings are visible all over the world, and the company is soon to announce another major initiative in the U.S. as it prepares to deliver The IMLS search on a truly grand scale.
Prudential Florida Realty became the first brokerage in the United States to provide property listings companywide on the IMLS and has been receiving new clients from all over the world. With the addition of the International MLS search on their own web site, Prudential Florida Realty is also able to provide a truly global property search experience for any consumer looking to buy, sell, or invest in real estate worldwide, according to the company.
The IMLS is announcing this strategic initiative so that any real estate agent, with their broker’s permission, may enter their listings manually at no cost, in return for all buyers being sent to that agent for the usual and customary referral fee paid by U.S. agents if the buyer purchases and closes on a property with them.
According to the company, the sophisticated technology platform of The International MLS is a referral-based system where everything is carefully tracked. Carefully selected real estate agencies outside the U.S. post and update their listings in return for agreeing to share commissions with any agent who provides that buyer through the channels of The International MLS. The IMLS has also been created so that it is complimentary to any agent’s MLS in the U.S., as they may exclude their state or region that they typically service from their local MLS.
The company reports that agents and brokers worldwide are now adopting the unbranded IMLS search not only because it is free and that they can earn referral commissions, but because it also enhances the agent’s prestige by the ability for them to show international properties on their own website. Agents and brokers can earn referral commissions simply for having a website customer who registers through their search and ends up purchasing a property somewhere in the world outside of their normal market.
Homeowners who wish to have their own homes listed on The IMLS may use a participating agent or broker, or may contact The International MLS directly for a participating broker as their home must be listed on their local MLS first.
“The International MLS allows real estate brokers from around the world to not only market their properties globally, but also ensures that consumers are followed up with immediately by the person who knows the most about the properties or areas they are interested in purchasing,” says The International Realty Inc. CEO Dr. Daniel Nussbaum. “With The International MLS, all of the consumers are directed back to the agencies which have supplied the property listings on a fully automated basis, so the agency has the ability to keep a much larger share of the commission from the seller than with the local MLS, so it varies from the traditional MLS as commonly known.”