Quote of the day – FSBOs in the Chicago MLS

According to Inman News (subscription may be required), Midwest Real Estate Data CEO Russ Bergeron has suggested allowing for-sale-by-owner properties to be listed in the Multiple Listing Service.

“I’ve thought about FSBOs on the MLS for years,” Bergeron said, and “if you think about it there are already FSBOs on the MLS” in some markets, as there are some low-cost real estate brokers who offer to list properties in the MLS but provide few or no other services.

“It’s the kind of thing we need to be thinking of,” he said, and is a way to “break out of a mold” of traditional MLS services.

“I’ve said for years that (the National Association of Realtors) needs to upgrade the definition of MLS,” Bergeron said, noting that “consumers use our MLS system as much as paying customers do.”

Anyone want to start a pool on how many times Bergeron will hear the phrase “over my dead body” if he proposes this to local brokers?

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