My State MLS - A Powerful Nationwide Real Estate Platform
All-In-One Comprehensive Solution for Real Estate Professionals
Several years ago, the National Association of Realtors was required to adopt a policy that would allow an Agent or Broker to be able to select an “MLS OF CHOICE”, rather than requiring them to use their specific platform. Most older MLS Systems still require a Broker to be a Member of the State and National Association of Realtors and the Local Board, as well as requiring all agents under their Brokerage to subscribe. This newer and more modern system which was developed by My State MLS in 2009 in New York and quickly expanded to all 50 states. It ONLY requires that agents or brokers simply be licensed within the state agency where they wish to PLACE listings.
Although My State MLS members can still search and access all Realtor.com data nationwide, they are NOT required to be a member of those State or National organizations or Local Boards, and they will not be controlled by those bylaws, rules, fees, and automatic fines they had to agree to when they became a member. Only your basic state license law and My State MLS rules and bylaws will apply to your listings. We ourselves operate a Florida Real Estate Brokerage, and after a complete period of rigorous testing for this Product Review, we liked their system so much that we switched over to My State MLS as our preferred MLS, and provided our current local MLS and Board and other vendors with a notice of non-renewal, reducing our annual costs from about $2000 per year to just $380 per year (a savings of about $1600 per year). As a Broker myself, I can highly recommend MY STATE MLS to anyone looking for an single-point Nationwide System using all the latest technology and interfaces.
You can of course belong to both your existing MLS as well as My State MLS if you wish. This new MLS option will save a great deal of time and money, and allows agents and brokers to greatly expand their referral business nationwide. This will be a very powerful tool for listing agents to receive inquiries directly without having to pay for leads from third party sources. It will be equally important for Buyers Agents when the new NAR rules take place in July 2024, because My State MLS already has Exclusive Buyer Broker Agreements, Individual Broker Referral Agreements, and Listing Agent to Buyers Agent Commission Agreements in place that you can use with eSign DOCS to make establishing your Buyers Commission Agreement quick and easy.
Additionally, My State MLS has a simple approval form for your current Broker to sign which will allow any individual Agent to subscribe to My State MLS as their “MLS of Choice” without requiring the Broker themselves or any of their other Agents to have to subscribe to as well.
Besides just Agents and Brokers, My State MLS also has a more liberal policy of also allowing Appraisers, Auctioneers, Attorneys, licensed Mobile/Modular Home Dealers, and licensed Mobile Home Communities to become members and place their own listings into the MLS Platform, allowing them to post rentals available to a wide range of new prospects. You can also auto-post your MLS feeds, open listings and ads into social media pages such as Facebook, Twitter, and others with a single click. This also allows you to offer these types of sellers or landlords either an Open Lising AD, or an Exclusive Agency Listing (while still allowing them to make their own sales/leases to buyers/renters that you did not refer to them). This feature opens up a whole new area of income for Listing Agents.
How Does It Work
My State MLS provides a comprehensive Nationwide Platform of Residential, Commercial and Open Listings for real estate professionals to list their properties, search nationwide listings, and connect with a wide network of agents across the country. It offers a range of tools to enhance listings, including up to 50 HD photos, virtual tours, and marketing brochures. It includes Tax Records for every county, CMA’s for all areas, Real Estate Forms and Contracts for many states, and Digital eSigning of Contracts
Where do my Listing Go?
My State MLS has over 60,000 Agents and Brokers within their system who will instantly receive all of your new listings on their MLS Portal to bring buyer offers to your properties. In addition, MY STATE MLS has partnership agreements which features an IDX integration to generate more leads and includes a Syndication of over 125 data feeds nationwide and globally for your listings, which include all of the major platforms of Realtor.com, Zillow.com, Trula.com, ListHUB.com, Homes.com, HomeFinder.com, MHAuthority, Brevitais Commercial, Apartments.com, Samaki.com, ListGlobally, International, and of course IDX. All other MLS platforms nationwide will have access to view your listings thru the Realtor.com feed, which is updated several times a day. Here are some of the basic Syndications.
Whether you’re a work-at-home business, a small business, a commercial agency, or involved in social marketing, My State MLS has benefits for you. It allows you to expand your territory by listing properties in all 50 states for Nationwide attention. It’s also a great tool for generating buyer, seller, and rental leads.
Here are some of the key features of My State MLS:
- Extremely easy to use Displays for minimum Scrolling
- List virtually all property types with custom fields
- Access to Nationwide Listings, CMA,s and Tax Records
- Provide Open Listing Displays for Off-Market and FSBO
- Built-In Training Videos and Marketing Materials
- Built-In Generic Real Estate Forms for Most Transactions
- State-Specific Forms for all 50 States
- 50 HD photos, Virtual Tours, Client Management System
- IDX, data feed & custom website options
- Ownership and control of your data at all times
- No boards to join, and no other MLS Platforms needed
- Flexible monthly payment terms, or save $160 paying Annually
- Discounts for yearly memberships when your whole office signs up
Pros and Cons
Pros:
- Nationwide and Global Coverage
- Variety of tools for enhancing listings
- IDX integration and data feed
- Very easy to use with a clean un-complicated Display
Cons:
- Might be overwhelming for beginners due to the wide range of features available, but it has comprehensive pop-up built-in training and help videos.
Profit-Sharing for Members
Last but not least, after an Agent becomes a member, My State MLS believes in rewarding those who refer other agents to My State MLS with an attractive referral commission. We believe that this is the only MLS that provides profit-sharing to their members. Once you become a member you can apply for this program right on your dashboard.
Entry Level Price
My State MLS offers a flexible pricing model. You can opt for a monthly rate of $45 or $380 per year, saving $160 off the monthly pricing. They also offer additional discounts when your whole office signs up.
COMPARE PRICE AND FEATURES AGAINST TRADIONAL MLS SYSTEMS
Final Conclusion
My State MLS is a powerful tool for real estate professionals looking to expand their reach and enhance their listings. With its nationwide coverage, variety of features, and flexible pricing, it offers great value for its users.
My State MLS is a powerful tool for real estate professionals looking to expand their reach and enhance their listings. With its nationwide coverage, variety of features, and flexible pricing, it offers great value for its users. So, is it worth it? Given it’s extensive capabilities and competitive edge it provides, the answer is a resounding YES! You can sign up in less than 5 minutes from the link shown below.
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