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
Sophisticated Roscoe Village SF w/20 ft wide interior. Finely finished with custom millwork, coffered & tray ceilings, hardwood flrs & exposed brick. Large eat-in kit w/V...
LEGACY AT MILLENNIUM PARK.Architecturally significant Tower by SCB.Ultimate Elegance. 1, 2, 3 & 4 BR units complete w/ Sub Zero, Snaidero, Bosch, Miele, Wolf & others.Dra...
- Bldg.The Legacy At Millennium Park
Must see lake view 5 bed/3.2 bth w/cstm millwork/coffered clngs thru-out!hand bvld 5"oak flrs, ll thtr rm w/7.1 ss, htd flrs on ll, 200+ btl wine cellr, gorg kit w/ cstm ...
Spacious, solid brick home on wide 30x124 ft lot in desirable southport corridor. This home has been renovated while keeping the vintage charm. New white kitchen w/ quart...
Lincoln Square Beauty. This 4 BR. 3 1/2 Bath Rehabbed 2 Flat is awaiting finishing touches. This great address is situated in heart of Lincoln Square. Pictures of interio...
Free Daily Email Updates
- Automated home searches
- Favorite properties
- Email updates
- And much more…