
©2017 Saratoga Photographer.com
By Susan E. Campbell
A Multiple Listing Service provides up-to-date databases of properties for sale that those in the real estate industry use and rely on regularly.
Sellers get maximum exposure to a regional market of prospective buyers. Buyers get quick, and free access to listings and have an easy way to refine searches and make comparisons.
Brokers who help one another sell properties are ensured of receiving a commission for their role in a successful transaction.
Locally, it is taking on a new twist.
But Stuart Thomas of Reality Realty of Saratoga, a director of the Saratoga Schenectady Schoharie Association of Realtors Inc., said he had an issue for decades that he and some of his long-time associates have recently resolved.
Thomas has taken the lead in creating a new kind of MLS, called First Choice MLS. He said it is the first known service that monetizes an MLS. It becomes a source of income for real estate professionals, even if the properties they list don’t sell during the six-month contract period.