Greater Alabama Multiple Listing Service is proud to announce that Remine Pro and Remine Docs+ is now available to our members as part of their MLS subscription. While TransactionDesk remains active, effective December 31st 2022 it will no longer be accessible to GALMLS users as part of their subscription. Remine Pro will give GALMLS members the tools to search, display listing data, public records, and client interaction as well as the ability to keep you and your consumers engaged during their home-buying process. Remine Docs+ is a collaborative, cloud-based transaction management end-to-end document creation, which includes e-signature, multi-party collaboration, and transaction management all-in-one place. This will offer all the documents you need + the backing and support of Remine technology.

We know that you are anticipating how to successfully navigate from Transaction Desk to Remine. Many of you have asked how to export your historical data from Transaction Desk. Please see the step-by-step guide to help you through the process.

RPR Updates For REALTORS®

Earlier this month, we updated a few items in our Mobile app. We also have a new partnership with CompStak that gives Commercial users access to sold and leased comps. Details at the link below.  

November Newsletter

ListHub is the leading platform nationwide for listing management, serving more than 66,000 brokerage firms, and synchronizing listing information from nearly 600 MLS data sources with more than 150+ publisher websites.

ListHub is the only source for complete and objective consumer traffic data in the real estate industry. It collects consumer traffic metrics from an array of real estate websites and mobile applications, including dozens of publisher websites such as realtor.com, Zillow Group, Homes.com, as well as MLS public websites, franchise and brokerage websites, and more. These metrics are collected and presented in easy-to-read reports to real estate professionals, providing them with critical business intelligence to help guide advertising decisions. To see the 1-Month report for the listings in the Greater Alabama MLS, select the link below.

October 2022 Source Report

Great things to share from the

With your past, present and future clients to help them understand what makes the American real estate industry one of the strongest in the world.

Fostering Competition

Real estate professionals are changing the way they do business: offering potential buyers the chance to view detailed property listings online, using websites to gather leads on potential customers, and using the internet to match buyers and sellers. That innovation change models and stand out is brought forth by competition. Competition provides American consumers lower prices, better quality services, and greater choice. In the residential real estate industry, competition is vitally important because buying or selling a home is one of the most important financial transactions a consumer will ever undertake.

Some of the benefits of competition in the real estate industry includes:

• Creating connections between agents and clients
• Advancing small businesses and allowing smaller brokerages to compete with larger ones
• Enabling comprehensive marketplaces and giving access to inventory and widespread advertising
• Advancing affordability to allow homebuyers to have a better shot at affording a home and professional representation
• Supporting competitive compensation by the free market setting broker commission costs within markets based on factors such as service, consumer preference and what the market can bear.
• Competition between REALTORS also helps to enforce Clear Cooperation. Clear Cooperation advances equal opportunity in housing by ensuring listings are widely available and accessible to all consumers.

Homeownership is the most common way the average family builds generational wealth - and in turn, closes the gap between the rich and the poor. The path to homeownership starts with education about the marketplace, knowledge about home affordability and in turn allows consumers to have room to negotiate with their REALTORS. The information provided to buyers, especially first time buyers means more than a sale. That information can influence the economical stability of our neighborhoods and help build long term equity for all Americans.

Read More: https://bit.ly/3gI8nlp

How Real Estate Commissions Work

In order to understand how real estate commissions are paid, it’s necessary to first understand the tool used in the vast majority of all home purchases: a Multiple Listing Service.

Multiple Listing Services, or local broker marketplaces, are essentially databases of all the homes for sale in a given market, maintained in most cases by local REALTOR® associations. Local REALTOR® associations also make most of this information publicly available for free, and each database often feeds home search sites.

When a seller lists a property on one of these local broker marketplaces with a listing broker, they get access to the largest pool of possible buyers that have been brought to the marketplace by buyer brokers. Meanwhile, buyers can work with any broker and see ALL homes for sale.

So where do commissions come in? Typically, the seller’s broker pays the buyer broker’s commission for finding a ready, willing and able buyer. This creates a larger pool of buyers for sellers and saves sellers time and money by working with an established group of brokers. For buyers, it saves them money at closing and enables the buyer to receive professional representation.

Read More: realestatecommissions.com

2023 Committee Applications are due December 9th at Noon!

Want to form working relationships within your industry and develop leadership skills? Then this is your sign to join a committee today! BAR and the Greater Alabama MLS offer numerous committees that will fit your passions through Advocacy, Collaboration, Education and the Greater Alabama MLS! Below is how you can register today.

2023 Committee Applications:

Click the “Volunteer” box located next to the 2023 Committee Application under the “Committees” tab on your Member Portal. From there, you will list your top three committee choices, and at least one choice is required to submit your application.

https://birminghamrealtors.com/committees/

Committee Contacts

Advocacy: [email protected]

Collaboration: [email protected]

Education: [email protected]

Greater Alabama MLS: [email protected]

Did you know that entering a photo with your real estate sign visible or with branding on it is prohibited?

Section 1.19 of the GALMLS Rules states “Photos, images or virtual tours shall not contain company or agent logos, agent photos, commissions, bonuses, contact information for the agent or office, text, or graphics of any kind (with the exception of the MLS watermark) in the photo or virtual tour sections.”

If you are having a photographer take the photos, make sure to mention this to them so that they can avoid the sign or edit it out. If you take the photos and notice that the sign is visible, we recommend cropping out the sign if possible, or editing the image to blank out the sign.

If you have any questions about this rule or the MLS Rules and Regulations, please contact our MLS Team at [email protected].