The M.L.S. stands for the Multiple Listing Service. There over 900 MLS Services across the United States and the Chicago MLS is MRED LLC (formally MLSNI and MAP before merger to form MRED). It is the 3rd largest MLS system in the Country.
Are you looking to Get Listed on the MLS?
Berg Properties is a memeber of the MRED which covers the Chicago Metro area and all its suburbs throughout northern Illinois parts of central Illinois, some areas of Northern Indiana and Southern Wisconsin.
MLS systems were founded to help real estate agents list properties in a central repository so all REALTORS, regardless of the specific realty company they worked for, could collaborate and share listing information.
The MLS reduced market times and helped insure that REALTORS would get paid a commission if they found buyers for a property that another REALTOR had listed.
Traditional REALTORS charge anywhere from 3%-7% commission to market a property in Illinois. Commissions are negotiable. They split that amount with the buyer's broker. The most common commission offered to a buyers broker
(cooperating commission) in the Chicagoland area is 2.5% but commission amount varies from company to company and listing to listing.
The MLS has taken advantage of the internet by allowing consumer websites like Realtor.com, chicagotribune.com and other real estate type search engines pull information off the their system and post properties for sale nationwide to increase exposure.
Available Listings on the Chicago Metro MLS
Harris Estate c.1914, Spectacular home on 0.44 acre 2 pins; 15 rms, 7 bdrms, 5.5 updated baths with 5 fireplaces, ideal for large scale entertaining and family living. ha...
- Beds 7
- Baths 5.1
- MLS 08589793
Architectural Digest ready, chic sophisticated unique penthouse, redesigned and remodeled to showcase all of today's most important elements, corner residence with specta...
- Beds 3
- Baths 3.1
- MLS 08589118
Gracious 1922 English Brownstone designed by architect Andrew Rebori located on Chicago's Gold Coast. Spacious 3200 SF owners duplex with 2 story LR & 18' ceiling. Full w...
- Beds 10
- Baths 7.0
- MLS 08589347
Spectacular Bucktwon Home. Corner lot allows abundant natural light. Soaring ceil. on all 3 levels. Gorgeous stained hdwd fl. thruout. Sumptuous kit w/chef's appl.,Calcut...
- Beds 4
- Baths 3.1
- MLS 08589213
Stunning river north top floor duplex w/ private rooftop deck impeccabley rehabbed by by current owners. The one of a kind 3 bed + den timber loft w/ 10'-11.5' ceilings ...
- Beds 3
- Baths 2.0
- MLS 08589046
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