Buying a home is one of the most significant financial decisions individuals and families make. Potential homebuyers have access to a vast amount of information that can assist them in making informed choices. IMLS helps buyers in the following ways: Comprehensive Property Listings: MLS data offers a centralized platform where real estate agents can input…
CMA vs BPO, What’s The Difference?
Broker Price Opinion (BPO) and Comparative market Analysis (CMA) are terms that often get thrown around interchangeably. While both tools are used by brokerages to estimate the value of a property, they are not the same thing. Comparative market Analysis (CMA) A CMA is a tool used by Realtors® to help sellers determine a pragmatic…
September is Realtor® Safety Month
To ensure the safety of our members, IMLS is helping NAR to promote Realtor® Safety Month. Knowledge, awareness, and empowerment form the foundation of Realtor® safety, it’s essential to acknowledge the potential risks and challenges that realtors face when showing properties and meeting potential clients/customers. Promoting realtor safety is paramount to creating a secure and…
We’d Love To Hear Your Feedback!
Intermountain MLS constantly strives to provide the best real estate services to our valued members. To ensure that we are meeting and exceeding your expectations, we are thrilled to invite you to participate in our Customer Satisfaction Survey, administered by WAV Group. Your feedback is invaluable in helping us enhance our services and make your…
The Role of IMLS in Promoting Fair Housing and Equal Opportunity in Real Estate
Promoting fair housing and equal opportunity is not only a moral imperative but also a legal requirement. IMLS plays a crucial role in ensuring that the principles of fair housing and equal opportunity are upheld. By providing a standardized platform for real estate listings, multiple listing services help promote inclusivity and eliminate discrimination. Standardization and…
Non-Disclosure and IMLS
What is a non-disclosure state? A non-disclosure state refers to a state in the United States where real estate sold prices are not publicly disclosed or recorded as part of the public record. In these states, the actual sold prices of properties are not readily available to the public or obtained through government records. Unlike…
What is the Multiple Listing Service (MLS)?
Realtors® have invested substantial resources to the development of Multiple Listing Services (MLS) and other real estate innovations. The MLS has helped streamline transactions and improved efficiency. The MLS platform is where brokers offer cooperation and compensation to each other. According to the National Association of Realtors® in the late 1800s, real estate brokers convened…
Variable Rate Commission
Per NAR, A Variable rate commission is where the commission amount paid varies depending on who is responsible for the sale. If the listing broker or their team is responsible for the sale, one commission amount is paid. However, if the sale is the result of the seller or a cooperating broker a different commission…
Benefits of Professional Photography
While it might be tempting to use a smartphone for real estate photography, it can have drawbacks compared to professional photography. 1. Image Quality: While smartphone cameras have improved significantly in recent years, they still cannot match the image quality provided by professional cameras. Professional cameras have larger sensors, better optics, and advanced settings that…