#AskBP 022: How Do I Access The MLS If I’m Not a Real Estate Agent?

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On this episode of the #AskBP Podcast, Brandon shows the top five websites he uses to find deals that are listed on the MLS (Multiple Listing Service) even though he is not a real estate agent. He also shares one avenue for finding those MLS properties that is better than any website. Stay tuned!

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About Author

Brandon Turner

Brandon Turner (G+ | Twitter) spends a lot of time on BiggerPockets.com. Like... seriously... a lot. Oh, and he is also an active real estate investor, entrepreneur, traveler, third-person speaker, husband, and author of "The Book on Investing in Real Estate with No (and Low) Money Down", and "The Book on Rental Property Investing" which you should probably read if you want to do more deals.

4 Comments

  1. Hi Brandon,
    I’m a Realtor and my local board of realtors allows me to have an unlicensed assistant with their own personal MLS account. Some of my investors like to assist me in finding our next deal, so they qualify as an assistant. The cost of this access is very low, at about $70 per year. The board of realtors requires me to pay for their subscription.
    Thanks,
    Drew

  2. Douglas Larson

    Great tips! . . . .
    Redfin rocks! I love using them in San Diego. They even have tools that allow you to see sold comps for the last 3 years! However, Redfin just came to the Salt Lake City area where I invest most of the time and the “sold” properties do not show up. . . yet. They are working on that with the local MLS so we’ll see.

    Thanks again and I loved the Covey quote!

    • Drew Cifrodelli

      It depends on what you expect the Realtor to do for you and what you are willing to do for the Realtor.

      A. Are you willing to pay the Realtor to represent you and present your offer to an owner, even if the house is not listed in the MLS? If so, you can sign up multiple Realtors to find opportunities and present them to you, before they present them to any other investor.

      B. Are you expecting the Realtor to list the property and give you preferential treatment? That is a Ethics violation for the Realtor, so I would be care dealing with an agent that is willing to do that to his client, because you could be next.

      Ethically, in New Jersey, I need to state my intentions with I approach an owner. I need to state that I’m representing an investor (if I am), or I need to state that I’m interested in representing the owner (in which case I’m trying to get the owner top dollar), or that I’m not representing either party and I’d like to be a dual agent (in which case I’m only working for myself). Do you understand the agency laws in your state?

      I would say you only need one Realtor to set-up searches in the MLS for you. That same Realtor would be the person that does all your ARV (CMA) estimates for your potential investments. This same Realtor should be someone you can trust to help you rent or sell your investments too, so he/she should get steady business from you for the amount of free service you are getting.

      Hope that helps,
      Drew

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