First MLS (FMLS) is a premier multiple listing service in the Atlanta/Metro Atlanta Area. Real estate brokerage firms (including agents affiliated with those firms) who are members are subject to FMLS' rules and regulations. What types of listings are required to be entered into FMLS? This is a common question and is answered in this short video by Derek Varnadoe, a licensed Georgia real estate broker and VP of Broker Services at Solid Source Real Estate Companies.
*Exclusive* listings are required to be entered into FMLS within 48 hours of the listing agreement being signed. Some listings may not yet be ready to market as "active" and should be entered under the Registered or Coming Soon status. Within 1 business day of the Marketing Commencement Date set forth within the GAR listing agreement (or the start date for the listing term as defined in the non-GAR listing agreement), the listing should be changed to Active status so that is available to all FMLS Members and the public.
*Non-exclusive* listings are prohibited from being entered into FMLS. This type of brokerage engagement is rare but most common when there is a need to establish a broker-client relationship with a seller that does not wish for the property to be marketed in a multiple listing service (i.e., FSBO).
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Copyright © Solid Source Real Estate Companies. All rights reserved. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, legal advice. You should consult your own legal counsel, or real estate broker if a real estate licensee, before engaging in any transaction.
