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
Amazing views from every window. Enter the spacious Foyer and Living room with panoramic views of the City, Navy Pier, and Lake. Formal dining room, huge kitchen with eat...
- Beds 3
- Baths 4.0
- MLS 08727874
Rare opportunity to purchase a double lot (50x107) in the Hamilton School District. Currently configured with a frame single family house on one lot and a garden & pond o...
- Beds 3
- Baths 2.1
- MLS 08727633
Expansive 3BR/3.1BA townhouse in most desirable "The Pointe" in LP. 2 car attached garage, balcony, roof deck & courtyard community living. This home boasts high ceilings...
- Beds 3
- Baths 3.1
- MLS 08727428
Elegant rehabbed 4 bed/3 bth stunner w/ formal DR,LR, & sun parlor featuring sublime views of Lincoln Park through large windows. Vintage detail perfectly combines w/ mod...
- Beds 4
- Baths 3.0
- MLS 08727188
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