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
NEW CONSTRUCTION ON HOT SOUTHPORT CORRIDOR'S BEST BLOCKS! AWARD-WINNING AK CUSTOM HOMES PRESENTS "1321 School." NEW CONSTRUCTION GORGEOUS ALL LIMESTONE FACADE HOME W/4 LV...
Architecturally stunning new home in most desirable lincoln park area.5 bedrooms, each with on suite bath. Unique floorplan,incredible attention to detail&the latest tech...
Ne corner penthouse w/floor to ceiling windows & one of a kind views! Recent renovation; hw floors & crown mldg. Lrg living space w/fireplace, liquor, cab, bookcases & 15...
Nestled in the heart of downtown Hyde Park and built in 1892 by Beman & Parmentier, this home has been newly re-imagined for 2014. Property boasts a massive master suite...
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