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The Home-Buying Process: A Brief History

2. Why Sellers Always Got the Best Deal Linda’s personal service makes all phases of buying or selling a house a wonderful experience. Her unique drive to set herself apart from every other ® Realtor is clear in her dedication to effectively using technology to help in a home purchase. Linda’s attention to detail is unmistakable from the search phase all the way through to the closing phase. I thank Linda for all her efforts. —Jay “Gardner” Kroeter

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ere is how the law of sub-agency worked. It was essentially established when real estate brokers began to share their listings. For years, the only way such brokers could sell a house was to contact everyone they knew and to advertise. A home seller would then try to identify a broker who knew the most people or was really effective at advertising. It was often like finding a needle in a haystack. Broker associations were usually not very well organized, and even state laws governing real estate sales were, in many cases, somewhat primitive. Occasionally, one or more brokers would get together over a meal or coffee and share their listings. They might make a handshake agreement that if one of them brought in a buyer for another’s listing, the commission would be shared. Then, some years ago, enterprising Realtors® with the National Association of REALTORS® decided it would be beneficial to formalize the sharing of listings. This would benefit not only the Realtors® but the sellers as well. By implication, buyers would also benefit. This was the genesis of the Multiple Listing Service systems (the MLS). ® With the advent of the MLS, all Realtors who wanted to participate would put all of their listings in a central database, which usually resulted in a book issued 31

Profile for Linda DeVlieg Real Estate

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

Profile for lindadev