Access to the MLS for Investors in Northern Nevada

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Access to the MLS for Investors in Northern Nevada

Wesley PittmanBusiness Member
Real Estate Broker · Reno, NV · Member since 2015 · 116 posts · 48 votes

Hello,

If there is another post has already answered this question please point me to it. I didn't see one so I thought I would ask.

In Nevada do you need to be a REALTOR (certified) to have access to the MLS or just state licensed? If you don't intend to actually offer services to other individuals as an agent or broker but rather just plan to use it for yourself as an investor, what is the legitimate and respectable way to go about getting access to the MLS?

I'm more than willing to take classes and get licensed, but I have no intent of practicing as an actual realtor since I have a W2-job-career-path. Are there any legal or ethical issues to be mindful as an investor that does have access to the MLS?

Thanks BP colleagues!

-Wes

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Billy Runyan
Residential Real Estate Broker · Henderson, NV · Member since 2015 · 81 posts · 36 votes
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@Jean G.

Here in Southern Nevada they also grant different types of access for Appraisers and maybe even inspection companies.  I suggest you call and try the front door approach first.  We also have pretty much full access at: http://homelasvegas.com/ and here's a list of options as well: http://www.lasvegasrealtor.com/mls/

BEST LUCK!

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  • Billy Runyan
    Residential Real Estate Broker · Henderson, NV · Member since 2015 · 81 posts · 36 votes
    11y

    You can pay MLS dues and fees or find an investor friendly Realtor who will pay for you, bottom line is somebody pays or there is Realtor.com and Zillow. I'm told there are 5 up there.

    I'll help in Southern Nevada... GLVAR.

    BEST LUCK!

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  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    11y

    A Realtor is someone who is a member of the National Association of Realtors. Not all licensed real estate agents are Realtors.

    My MLS offers two types of access - agent access and assistant access. I don't know of any access available to non-licensees or their assistants.

    It may be worth it to you to get your license, although in most states to have the license active you need to hang it under an more experienced agent for at least two years. There are agencies that require certain minimums, there are other agencies who don't have minimums, so you could use it more for your own investing. Check out the laws/requirements in your state before you jump into classes, only to discover you can't get what you want.

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  • Wesley PittmanBusiness Member
    OP
    Real Estate Broker · Reno, NV · Member since 2015 · 116 posts · 48 votes
    11y

    Thank you both very much for your contributions. It's sincerely appreciated.

    @Mindy Jensen

    So just to confirm, you have your license in Colorado but you are not actually a certified realtor of the National Association of Realtors, correct? When you say that the MLS has agent access, that means that agents - licensed in the state- but not necessarily realtors do in fact have access to the database (at least in Colorado), correct?

    I will do some more research and see if here in Nevada a motivated investor can get access without having to ever work professionally as an actual agent.

    Thank you so much!

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  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
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    @Wesley Pittman, I do happen to be both a licensed agent AND a member of the NAR. But I don't have to be a NAR member in order to have MLS access. I believe in my MLS I have to either BE a licensed agent OR work for a licensed agent. I cannot just pay for access for myself.

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  • Jean G.
    Investor · Las Vegas, NV · Member since 2015 · 173 posts · 46 votes
    11y

    @Wesley Pittman

    Please post what you find out, ie if you find a way to get access without being licensed. I'm in Southern NV and I'm assuming that whatever you find out for Northern NV would also work for Southern...

    Jean

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  • Wesley PittmanBusiness Member
    OP
    Real Estate Broker · Reno, NV · Member since 2015 · 116 posts · 48 votes
    11y

    @Mindy Jensen

    Thank you very much Mindy. It sounds like the local rules can vary significantly so I'll speak with some real estate agents I know here in town. Thank you.

    @Jean G.

    Hi Jean,

    I will update this thread with what I find out.

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  • Billy Runyan
    Residential Real Estate Broker · Henderson, NV · Member since 2015 · 81 posts · 36 votes
    11y

    @Jean G.

    Here in Southern Nevada they also grant different types of access for Appraisers and maybe even inspection companies.  I suggest you call and try the front door approach first.  We also have pretty much full access at: http://homelasvegas.com/ and here's a list of options as well: http://www.lasvegasrealtor.com/mls/

    BEST LUCK!

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  • Jean G.
    Investor · Las Vegas, NV · Member since 2015 · 173 posts · 46 votes
    11y

    @Billy Runyan

    Yes, homelasvegas.com is great, I also use it. The only reason that direct MLS access could make sense for me is that I could probably write some software to flag deals automatically based on some algorithms that I could come up with (such as 1% rule, 50% rule, discount to AVM value etc.) You're right about trying the front door first and I will investigate...

    Jean

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  • Billy Runyan
    Residential Real Estate Broker · Henderson, NV · Member since 2015 · 81 posts · 36 votes
    11y
    Originally posted by @Jean G.:

    @Billy Runyan

    Yes, homelasvegas.com is great, I also use it. The only reason that direct MLS access could make sense for me is that I could probably write some software to flag deals automatically based on some algorithms that I could come up with (such as 1% rule, 50% rule, discount to AVM value etc.) You're right about trying the front door first and I will investigate...

    Jean

    If you're up to it and you sound like you are, why don't you just get an account with CoreLogic on their Realist system, it's got a lot more than the MLS.

    Billy 

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  • Jean G.
    Investor · Las Vegas, NV · Member since 2015 · 173 posts · 46 votes
    11y

    @Billy Runyan

    I came across the Corelogic site before, but my understanding was that I need to bring my own MLS access, they just provide the software to parse the MLS, but they will not provide me access to the MLS itself. Is this not the case?

    PS: I look forward to meeting you tonight at the Henderson real estate Meetup.

    Jean

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  • Billy Runyan
    Residential Real Estate Broker · Henderson, NV · Member since 2015 · 81 posts · 36 votes
    11y

    They don't give you access but just about all the MLS info is there except agent to agent remarks, gate codes and commission amounts offered. They even have it hooked up to Clark County Tax and the Recorders office showing just about anything you'd want to see. It produces a 30 page report on each property and its amazing! Send me an email and an address you want info on..., I'll send you a copy.

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