Frequently Asked Questions
MLS and Realtor® QuestionsIs this the same Multiple Listing Service (MLS) to which all area Realtors® belong?
Is the MLS the best way to sell my Lot or Land?
What is included with my MLS listing?
Will Realtors® show and sell my Lot or Land even though I went flat rate?
Will Realtors® show and sell my Lot or Land if I am not listed with their company?
Will Realtors® call you or me?
How long should I expect to be on the market?
How long is the listing period?
Am I locked in for the full 6 month listing period?
What if I am working with an agent?Compensation/Commission Questions
What is the difference between a "selling agent" and a "listing agent"?
Do I still have to pay a "selling agent?"
If I find my own buyer, will I still have to pay a selling commission?
Materials and Vendors QuestionsI have my own sign, why should I use yours?
What services do vendors supply?
May I use my own Lot or Land photo on the MLS?
How do I return your materials?
How do I get the free forms and contracts you offer?
Listing QuestionsDo I have control over all listing information?
Can I add any specifics later?
How do I make changes to my listing?Sales / Contract Questions
Are you involved with the sales contract?
Are you involved in negotiations?
What is included in your processing?
Is there an additional charge for this processing?
General QuestionsWhat is expected of me once I list with you?
Once you receive my paperwork, how long will it take you to list my property in the MLS?
Can I later list my land or lot with another Real Estate agency?
How do I pay for my MLS listing?
What is the general sequence of events after listed?
Is this the same Multiple Listing Service (MLS) to which all area Realtors® belong? Yes. All participating MLS Realtors® belong to their local association of Realtors®. Wherever you may be located, we will place you in the proper MLS for your area. Back to the top.
Is the MLS the best way to sell my lot or land? Actually, it's about the only way. Statistically, the overwhelming majority of properties in our area are sold through the MLS. Back to the top.
What is included with my listing? The listing text and a color photo provided by you. Back to top.
Will Realtors® show and sell my lot or land even though I went flat rate instead of paying a high commission? Yes. There is no way to tell how much you paid to get on the MLS. Regardless of whom you listed with or what you paid, your listing will look no different from any other listing in form and style. Back to the top.
Will Realtors® show and sell my lot or land if I am not listed with their company? Of course. The very purpose of MLS is for Realtors® to sell each other's listings. Back to the top.
Will Realtors® call you or me? You. Realtor® custom is to call before showing your property. Offers will be promptly presented. Back to the top.
How long should I expect to be on the market? Your lot or land should sell quickly if it is priced right and is in a good location. Our listings will create the drama and excitement necessary to draw maximum attention to your property. Back to the top.
How long is the listing period? Listing periods are in 6 month increments. You may shorten or lengthen the listing period as you wish. Additional 6 month periods are available at option of the parties for $75.00. Most properties are sold within the initial 6 month period. Rarely is a second period needed. Back to the top.
Am I locked in for the full 6 month listing period? No, of course not. This is just a marketing period giving us authority to advertise your property. Many properties are sold within the first few hours or days of being listed. You always retain control of your listing and can extend or shorten the duration as you wish (see the Listing Agreement for further details). Back to the top.
What if I am working with an agent? If you are in a contractual arrangement with any other broker or your property is currently listed with another broker, this is not intended as a solicitation of your business or that listing. We honor and respect relationships with other brokers. Otherwise, we will be happy to list your lot or land. Back to the top.
What is the difference between a "selling agent" and a "listing agent"? A selling agent is the Real Estate agency who actually sells the property. They are sometimes called buyer's agents. The Listing Agent is the Real Estate agency who lists your property for sale in the MLS. Back to the top.
With your plan I understand that I am saving commission on the "listing" side of things by going with the flat rate, but do I still have to pay a "selling agent?" Yes. Any Realtor® bringing a ready, willing, & able buyer with a satisfactory contract will be due a small "selling" commission of your choice. Back to the top.
If I find my own buyer, will I still have to pay a selling commission? No. If you obtain the buyer with no agent being the procuring source, there is no commission. Back to the top.
I have my own sign, why should I use yours? We recommend that you replace your sign with our agency sign upon going in the MLS. A FSBO sign specifically excludes Realtors® and that is not your intent. When driving down streets, agents look for the agency signs rather than lot numbers. When seeing your FSBO sign, agents may think that the listing agent has “lost” the listing & consequently they will not be paid a commission. Our agency sign reassures Realtors that your property is actively listed on the MLS. Back to the top.
What services do vendors supply? MLS and Internet services (other than property photos, which are provided by you) are provided by the MLS and other 3rd party vendors. Therefore schedules and services are approximate and subject to availability and change without notice. FedEx shipping charges apply to For Sale signs. Back to the top.
Can I use my own lot or land photo in the MLS? YES! You will be able to submit your own photo(s) after being listed. Once your listing is in the system, you may upload them to us from a site we will provide. All photos will be copyrighted by the MLS system and will not be returned to you. Photos are usually uploaded and will appear in the MLS system within 1 business day.
Please Note: DO NOT email us your photo(s). Once listed, you will receive a confirmation email from us with instructions on how to upload them to us from your personal web page. Back to the top.
How do I return your materials? For Sale Signs are the property of Clark Select Properties, Inc, and are to be returned at your expense within 10 days following settlement or termination of your listing. The return address label will be in your FedEx shipment. Sign posts are taken down a few days before settlement or end of listing. Back to the top.
How do I get the free forms and contracts you offer? A link to all of the forms and contracts we offer can be found on the personal web page you will receive once your lot or land is listed. Back to the top.
Do I have control over all listing information? No. The MLS arranges required information according to multiple choice templates. We cannot customize. Back to the top.
Can I add any specifics later? Possibly. We input only required fields. If you wish to add information in non-required fields you may do so by written amendment after listing. We will provide the form, there is a $20 editing fee. Back to the top.
How do I make changes to my listing? You may make multiple changes to your listing at any one time for a small fee of $20.00. After listed, you will receive instructions via email. Back to the top.
Are you involved with the sales contract? Your listing is more than just an ad, it is an actual MLS listing in the Realtors® Multiple Listing Service. To save on commission, you will handle many details of the sale yourself. However, as the listing agency, we are still required by law to process and maintain many documents relating to the listing and sale. Back to the top.
Are you involved with negotiations? No. You will handle all showings, inquiries and sales contract presentations on your own. Upon accepting a contract, you will forward it to us for processing. Back to the top.
What is included in your processing? Sales contracts, addendums, MLS status changes, and other documents as required. Additionally, as the listing broker, we communicate with the selling agency, title company processor, appraiser and other parties. We do not handle the settlement itself. Back to the top.
Is there an additional charge for this processing? To cover these additional administrative expenses, a sales transaction fee of $175.00 is applied when your lot or land goes under contract. It is billed to you at settlement. Back to the top.
How do I pay for my MLS listing? The initial listing plus any marketing materials can be paid for at the time of listing, any subsequent changes or fees incurred can be paid for at the time incurred. Regardless of payment method, all payments are due within 15 days of billing date.
What is expected of me once I list with you? We are a Licensed Real Estate agency and have many laws and regulations we need to comply with. In turn, there are laws and regulations you will also need to comply with.
1. To make any changes to your listing it is required that a Listing Amendment form be used. A link to the form will be provided to you on your personal web page once listed.
2. Within 48 hours of a Sales Contract being signed by you, we will need 1) A copy of the entire sales contract and 2) A completed Under Contract form. A link to the form will be provided to you on your personal web page once listed.
3. Within 48 hours after Settlement we will need a copy of your Hud-1 Settlement Statement, provided to you by your settlement company right before or at settlement. Back to the top.
Once you receive my paperwork, how long will it take to list my property in the MLS? Depending on the time of day, listings are usually inputted into the MLS system the same business day everything is received. Back to the top.
Can I later list my property with another Real Estate agency? Yes, of course. But remember that all Realtors are on the MLS is the same MLS system, so you will wind up in the same place. You may withdraw your listing at any time from the MLS system by simply using our Listing Amendment form (provided to you once listed). A full release of the Listing Agreement will occur when the Listing Amendment form is received and any outstanding monies are paid. Back to the top.
What is the general sequence of events after listed? The following is not guaranteed, but is a general time line of events:
Listed in MLS: Upon receiving all information and depending on the time of day, your lot or land is usually placed in the MLS the same day.
Photography: Subject to some conditions, photos that you submit are generally uploaded within 1 business day.
Photo in the MLS: Land or lot photo appears in the MLS system immediately upon our uploading.
Signs: If ordered, you should receive them by FedEx within 2 business days.
Sign post up: Sign Posts are usually installed in 2-3 business days. Back to the top.
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