Hi guys, thought I'd join the party.
My whole understanding of how an MLS systems worked here on the Costa del Sol was when I spent a couple of months in a friend's office (who's an estate agent) whilst I build their sites.
I appreciate that some MLS systems can be beneficial to buyers and sellers, but to be honest, most of the agents I knew had properties listed which they knew nothing about, because they belonged to someone else.
How can you sell someone a property which you've never seen? These agents were using the IN system at the time.
In terms of the commission levels, the IN guidelines at the time (and this is going back 18 months) stated that for an MLS property you had to apply a 7.5% commission rate to the FINAL SELLING PRICE.
So my example above is correct. If I went to my agent and said I wanted to sell my property for 200K. If it were a normal system they would have added 7.5% to this, which would make my final selling price 215K. But that's not how it was calculated.
I'm not against MLS systems I'm just not convinced that they are always the best solution.
Justin | 
