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
Extemely well maintained yellow brick 16 unit building on corner of Eddy&Troy. Fully leased with great potential to keep as investment or future condo conversion. Most ap...
- Beds –
- Baths –
- MLS 08593611
Attn developers: 75x125 corner lot in ukranian village/west town. The northwest corner of ohio and leavitt streets. Prime opportunity to build. Booming ukranian village n...
- Beds –
- Baths –
- MLS 08593310
Incredible extra-wide sun filled home with the absolute finest finishes. Oversized living & dining rooms coupled w/ enormous kitchen/great room comprise perfect first le...
- Beds 6
- Baths 5.3
- MLS 08593591
4 bed/3.1 bath greystone on 30x125 lot in Southport Corridor. Upgraded kitchen w/ thermador, Viking & Bosch appliances, double oven, wine fridge, newly renovated bsmnt, o...
- Beds 4
- Baths 3.1
- MLS 08594114
Platinum Homes presents this luxurious ready to move in SFH on one of LP finest one-way streets. Great flr plan with designer selections through out. Amazing chefs kitche...
- Beds 5
- Baths 5.1
- MLS 08594013
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