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Real
Estate Articles Index Page
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Multiple Listing Service
National Association
of Realtors
New Urbanism
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Overview
of Buying a Home
RESPA
Real Estate
Settlement Procedures Act
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Multiple Listing Service
Multiple Listing Service (MLS) (also Multiple Listing
System or Multiple Listings Service) is a database that
allows a broker representing a seller to share information
about the property for sale widely with brokers representing
potential buyers.
The purpose of the MLS to is enable a more efficient
marketplace to occur between brokers by distributing information.
When a real estate agent is introduced to a potential
home buyer, the agent can search the MLS system to retrieve
information about homes for sale in that area. The MLS
permits that agent to view information about homes represented
by OTHER brokers, just as a securities broker can see
the price of stock put up for sale by other brokers through
the securities exchanges. The MLS is an exchange for real
estate, just as the New York Stock Exchange and NASDAQ
are exchanges for securities, but the MLS is not an open
exchange or a public exchange. Unlike securities exchanges,
which have government oversight (the Securities and Exchange
Commission), the MLSs are governed by private entities
and the rules are set by those private entities with no
state or federal oversight.
The MLS typically combines the listings for all available
properties that are represented by a broker that is a
member of the MLS. Membership to the MLS is generally
considered to be essential to the practice of real estate
brokerage -- a broker that is not a member cannot put
information into the MLS or access information submitted
by other brokers.
Most MLSs restrict membership and access to real estate
agents who are 1) licensed by the state (or province),
and 2) members of the trade association (e.g., the National
Association of Realtors or Canadian Real Estate Association).
Generally, a person selling his or her own home (i.e.,
for sale by owner) cannot put a listing for their home
directly into the MLS. Similarly, a properly licensed
broker that chooses to neither join the trade association
nor operate a business within the associations's rules,
cannot join the MLS.
In general, MLSs are private entities that set their
own rules for membership, access, and sharing of information.
An MLS may be owned and operated by a real estate company,
a real estate board, or a trade association.
In general, the public cannot gain access to the MLS.
Individual brokers who are members of the MLS may provide
information to potential buyers in different ways -- providing
specific listings on paper in an office is customary.
An agent may also email or fax listings. However, real
estate brokers sometimes use their websites to permit
potential buyers to see MLS data, and is the subject of
significant controversy.
United States
The National Association of Realtors (NAR) has set policies
that permit brokers to show only limited MLS information
on their websites. NAR has an ownership interest in a
company (Homestore) that operates a website that has exclusive
rights to display significant MLS information. That site
is www.Realtor.com.
The U.S. Department of Justice filed an antitrust lawsuit
in September 2005 against the National Association of
Realtors over the NAR's policy that restricts brokers
from establishing websites that show home sellers information
that is in the MLS. The DOJ's antitrust claims also include
NAR rules that exclude certain kinds of brokers from membership
in MLSs.
Currently, in the United States there is no one central
MLS. MLS's have city-wide or regional coverage. In 2005,
there were approximately 800 MLSs in the United States
, each dedicated to a city or region.
The Largest MLS in the United States is currently The
Multiple Listing Service of Northern Illinois (MLSNI)
with over 45,000 active members.
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About Hilton Head Island
With such an amazing variety of things to do on Hilton Head
Island, somewhere, somebody is teeing up for the best round
of golf they've ever played. Somewhere, a family of four is
enjoying their Hilton Head vacation, strolling down a secluded
beach as warm Atlantic waters lap at their feet. Somewhere,
a couple is enjoying the pastel-colored sky of a beautiful Hilton
Head Island sunset. Renowned as one of the world's most family-friendly
destinations, Hilton Head Island offers unlimited opportunities
for holiday memories and was recently named one of the top ten
family beaches in the country. As an intimate getaway for two
or an idyllic backdrop for a family reunion, the Island extends
a variety of outdoor and indoor recreational activities. You'll
notice that there's something different about Hilton Head the
moment you arrive. By design, there is a sensitive nod to the
environment that has become the blueprint for other developments
around the nation. Buildings are set back from the main roads,
showcasing the native pines and oaks. Colors are not flamboyant
and bright; instead, they are subdued and blend with the natural
environment. And bright streetlights here are as rare as snowstorms.
A progressive land purchasing program undertaken by town leadership
ensures that there's plenty of green wherever you go, and strict
development guidelines ensure that the only thing between your
eyes and a breathtaking view are your sunglasses. It's easy
to see why more than 39,000 people have chosen to call the Island
their permanent home. At the very foundation of the Hilton Head
Island vacation experience is the community of full-time residents
who work hard to make sure their Island is a clean, safe and
enjoyable place to visit. You'll notice it in the friendly faces
that greet you wherever you go. There is a relaxed and warm
island attitude in the air, one that whispers "Welcome to Hilton
Head Island. Hilton Head Island was named one of the Top 10
Family Beaches.
Hilton Head Island Attractions & Activities
Hilton Head Island fills your family's days with fun and activities.
Pristine beaches, flexible accommodation options and endless recreation
have made Hilton Head Island a first choice for family vacations.
Both day and evening entertainment for the entire family is far
reaching. Every April, the Verizon Heritage PGA TOUR golf tournament
is played in Hilton Head Island and the Hilton Head Celebrity
Golf Tournament is held on Labor Day Weekend. During the month
of May, Hilton Head Island and the Lowcountry celebrate the area’s
vibrant arts community and diverse cultural heritage through visual
and performing arts events, cultural activities and programs with
BRAVO-Celebrate the Arts! Budget friendly activities are available
day and night on the Island. Families can venture to the top of
the Harbour Town Lighthouse in Sea Pines for only a dollar each
person. This activity offers a clear view of the Island’s south
end as well as the eye pleasing Harbour Town Marina. Also available
in Sea Pines is shopping, waterfront dining and horse back riding.
Families could spend at entire day in Sea Pines alone. Other family
friendly spots include Shelter Cove Harbour, Adventure Cove, the
Coastal Discovery Museum and The Sandbox, An Interactive Children's
Museum. Shelter Cove Harbour offers a variety of experiences such
as shopping, kayaking, sailing and cruise excursions, fireworks
and concerts. Activities at Adventure Cove include laser tag,
bumper cars, video arcade, an indoor play room, miniature golf
and more. Other miniature golf courses include Legendary Golf
and Pirate’s Island Adventure Golf. The Coastal Discovery Museum
offers programs, activities, and exhibits to make learning about
Hilton Head and other sea islands an enjoyable experience. The
museum is a great place to visit any time of the year. With indoor
and outdoor exhibits, activity centers in the Sea Island Classroom,
the History Time-line Exhibit and museum store, plus 11 different
tours and cruises around the island, the museum is a fantastic
way to become familiar with the Island's unique history and ecology.
The Sandbox is a hands-on interactive museum filled with unique
entertaining, and educational play areas to explore. At The Sandbox
all the exhibits are designed to help children learn while having
fun and bonding with each other and their caregivers. There are
no “do not touch” signs at this Museum. Children can sail away
on Captain William Hilton’s ship The Adventure, find their Passport
to the World in the international airport terminal with a simulator
plane ready to take the little ones anywhere, and visit the Loggerhead
sandcastle filled with magic sand. For a more relaxing adventure,
two multi-screened movie theaters and one independent film theater
allow families to catch the latest on the silver screen. In addition,
the stage is always set at the Arts Center of Coastal Carolina,
the South Carolina Repertory Company and the May River Theatre
Company.
Directions to Hilton Head Island
From I-95: Take Exit 8 (eight miles from the Georgia border) and
go east following signs to Hilton Head Island. This is Highway
278 and you will travel about 18 miles and then you cross the
bridge to Hilton Head. Continue over the bridge and look for signs
for the Cross Island Expressway. If you are going to the south
end of the island (Shipyard, Coligny, Forest Beach, Sea Pines)
stay to your left and use the expressway (Toll $1) to save time.
Otherwise, keep right and stay on Highway 278 Business. After
you cross the bridge onto Hilton Head Island, look for the Welcome
Center and Coastal Discovery Museum on your right. The Welcome
Center has brochures on Hilton Head activities, additional maps
and upcoming events. If flying into the Savannah/Hilton Head International
Airport, take I-95 North and follow the above directions.
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