MLS listings for Ocoee, FL and Greater Orlando housing and real estate
The cities of Orlando and Tampa, Florida use the same Multiple Listing Service -- Mid-Florida Regional MLS. Mid-Florida Regional MLS or "MFRMLS" has thirteen shareholder associations/boards that have come together to offer a supplement to its MLS system called MyHomesFloridaMLS.com. The website makes subscriber (member-broker and member-agent) Ocoee listings available to the public.
So what is the Orlando MLS and how does it work?
In simple terms, the Orlando and Tampa Multiple Listing Service or MFRMLS is a database of homes for sale in the Ocoee area. While the MLS® trademark is owned by the Canada Real Estate Association (CREA) -- as is the REALTOR® trademark -- MLS systems across the country are typically set up as separate corporations. The MLS in any given area is affiliated with its local association of realtors. Now, here's where it gets tricky. Any city or region may have several associations. Orlando and Tampa, for example, have thirteen. Some of these associations will integrate their MLS systems, like Orlando and Tampa have done, while other will remain separate, which means neighboring areas may be listed on different systems that will not necessarily overlap. In Orlando and Tampa, you'll only need to utilize the integrated Mid-Florida Regional MLS when buying or selling a home. MFRMLS encompasses all thirteen associations.
The MLS also serves as a compensation offer between brokers. If one Orlando broker represents a buyer who purchases a property that is listed by another Orlando MLS broker, they will typically share the commission, and this information is listed in the MLS.
The overabundance of MLS systems available can also create confusion and frustration for many Orlando agents and brokers. Real estate agents who are not members of a certain MLS service have difficulty gaining access to properties that are exclusively listed with that service. The MFRMLS system helps to protect the listings for a given neighborhood or larger community by controlling who has access to them. This ensures that local agents have an advantage over real estate agents from other areas. While this can be beneficial for the local agents, some also consider it to be a tactic by the MLS systems to earn more fees and recruit more members.
The cons to operating individual MLS systems (as opposed to one large MLS) mainly affect non-members. The Mid-Florida Regional MLS system is an excellent tool for participating members, buyers, and sellers. The Mid-Florida Regional MLS offers maximum exposure to houses for sale in Orlando neighborhoods and it allows agents and brokers to quickly and easily find properties that are listed. Orlando real estate agents and brokers can also examine commission rates and browse through an extensive amount of data about any given property for sale.
It is important to keep in mind that while Mid-Florida Regional MLS membership is in the thousands, not all brokers participate. This means that while the Mid-Florida Regional MLS service (www.mfrmls.com) does list a significant number of properties for sale, it does not list all properties for sale in Ocoee and the Orlando area.