About The International MLSThe IMLSwww.TheInternationalMLS.comInternational Multiple Listing ServiceBy Brokers --- For BrokersPutting the POWER of the listings BACK into the hands of the LISTING BROKERIn January, 2011 The IMLS [The International MLS]* was unveiled in New York at the Property Portal summit and the Real Estate Connect conferences. This enables listing brokers to once again have control from their listings back in their hands and have the potential of earning both sides of the transaction. This is accomplished by sending the leads generated from all listings accepted and posted on to The IMLS directly to the listing agency, and has needed to be developed differently than the traditional MLS as it is obvious that an agent in Miami will not be accompanying or representing a buyer who wants to buy property in Greece, and vice-versa, yet still empowers the world's real estate agents to share in their web traffic all f the clients and property listings in order to generate more referral commissions. Presently in the USA, when using the traditional MLS, listing brokers typically pay 50% commission to any agent who brings the buyer. Using the IMLS, buyers are sent directly back to you—the Listing Broker. This allows you to keep control of the client to buy your properties or another one, and your agents still make money, while enabling referring agents to earn income from any client lead which becomes a sale. Our purpose is to bring the world closer together and increase sales for agencies throughout the world by empowering all agents and brokers to display international property listings---knowing that they can make commissions on a any sale which is generated by their IMLS search. It eliminates any need for agents to know the logistics of selling outside their own country or region, as it is the local agency experts who will handle all clients and their needs. TheInternationalRealty.com [The International Realty, Inc.] will earn referral commissions on each transaction, and share this with agents all over the world through the automated platform and IMLS search platform available to any real estate agent in the world. We have TWO main goals ---To promote all of your property listings throughout the world for FREE---exposing them to the largest possible web traffic---generating clients who wish to buy property. Delivering The IMLS FREE search everywhere throughout the world--as any agent or broker can earn money on any lead which becomes a sale---while doing NO work. Please contact us to discuss this further and to receive our marketing and referral agreement so we may begin to post all of your property listings. Advantages of the IMLS:
*Listings posted on the IMLS are received from TheInternationalRealty.com through referral and marketing agreements with Agencies and must be approved by TheInternationalRealty.com. TheInternationalRealty.com retains the rights to all decisions regarding acceptance into this service and program. Due to the reliance of everyone within the system, this is NOT open to everyone as far as getting the leads --- since commissions are shared, leads are tracked etc. Why Agents And Brokers Are Adopting The IMLS Search
SummationThe International Multiple Listing Service [IMLS] is a means by which authorized IMLS Broker participants establish legal relationships with other participants by making a blanket unilateral contractual offer of compensation and cooperation to other Broker participants and is a facility for the orderly correlation and dissemination of listing information among the participants so that they may better serve their clients, customers, and the public. Entitlement to compensation is determined by the cooperating agent's performance as a procuring cause of the sale of real property. The IMLS is not a collectively owned unit by an association, but a privately funded, privately owned company bringing together the world's most important agencies and the public's desire to see international properties. The IMLS has as its objectives to always listen to the ever-changing needs of the marketplace, whether it be brokers or customers. There is an understanding by The IMLS of the need to listen to the top international brokers and agencies in establishing further guidelines as time goes on, as ultimately it is the marketplace of consumers and agents cooperating together which will make it successful.
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