| Island homeowners many times are not
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| | state: Oahu, Hawaii, Maui, Kauai,
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| aware that discount listing options are
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| | Molokai, Lanai and Niihau. However, the
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| available when they are ready to sell
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| | state is divided up into three different
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| their home. A novel concept that was
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| | MLS systems. The major islands of Oahu,
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| already taking hold on the mainland in
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| | Maui, Hawaii and Kauai are divided as
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| places like California and Nevada is now
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| | follows: Oahu's MLS is the Honolulu Board
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| available in Hawaii: flat fee MLS
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| | of Realtors MLS, Maui's MLS is the
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| listings. They way that it works is
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| | Realtor Association of Maui MLS, and
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| simple: a homeowner lists his or her
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| | Hawaii and Kauai are both a part of the
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| property on the MLS for a pre-paid flat
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| | Hawaii Information Service. It is
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| fee. All Realtors can now see the
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| | important to be listed in the correct MLS
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| property is for sale and is aware of any
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| | system and some sellers actually list in
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| co-op commission being offered. Not only
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| | more than one system to increase their
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| does the listing show up when a Realtor
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| | exposure. One of the added benefits of an
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| is pulling data on a particular
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| | MLS listing is that a number of Internet
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| subdivision and price point, for
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| | sites such as broker websites and agent
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| instance, Ewa Beach, $700,000 to
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| | sites pull in a portion of the listing
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| $800,000, the listing can be confidently
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| | data. This allows one's listings to be
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| shown by that Realtor to his or her
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| | seen by the general public, albeit
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| clients because the Realtor knows in
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| | without the full detailed information, at
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| advance that a particular compensation is
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| | numerous websites. Fees for MLS listings
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| being offered in the event that their
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| | range from a few hundred dollars to one
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| buyer purchases the property, for
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| | thousand dollars or more. Often times the
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| instance two percent. Because only a
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| | MLS listing provider offers optional
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| buyer's agent would need to be paid at
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| | upgrades and other services for an
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| closing (the listing broker was already
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| | additional fee. This might include
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| pre-paid a small flat fee), the
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| | virtual tours or other tools to help
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| commission savings is typically about
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| | market or sell the home. While real
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| one-half of what some full service agents
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| | estate lockboxes are often available,
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| charge. In the event that the marketing
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| | they are not as commonly used in Hawaii
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| power of the MLS and its related websites
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| | as in other states. As with any real
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| was able to sell the property directly to
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| | estate offering, homeowners will want to
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| an unrepresented buyer with no Realtor,
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| | closely examine what is being offered for
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| the homeowner would end up paying nothing
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| | the money and the track record of the
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| at closing; this represents an enormous
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| | flat fee listing company that they go
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| savings over virtually every other
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| | with. Done correctly, a flat fee listing
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| listing out there.
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| | on the MLS can save a homeowner thousands
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| Flat fee listings on the MLS are
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| | of dollars and allow a sale to take place
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| available virtually anywhere in the
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| | in quick fashion.
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