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Q. What is the MLS?
A. The MLS stands for the "Multiple Listing Service"
, which is an an extensive database of real estate listed by licensed Real Estate Brokers.  It is through the MLS that most residential real estate transactions are facilitated. Real estate professionals have agreed to exchange information about properties for sale in order to help sell homes for the best price possible and in the least amount of time.
 
Q. What is an "Entry Only Listing"?
A. When a property is listed in the MLS as an "Entry Only Listing", it is identified as such so Buyer's Agents know that is a limited service listing.  That way Agents know the Agent that listed the property (Listing Agent) is only entering the property in the MLS and does not provide any other services to the Seller.

Q. Are there any other fees involved?
A. There is only a one time flat fee to get your property listed, however, to be in the MLS, you do have to offer a Buyer's Agency Commission.  You will only pay the Commission if you sell your property to someone who is represented by an Agent.  If there is no Buyer's Agent, then you pay no Commission. (refer to How it Works)


Q. What type of Listing Agreement do I have to sign?
A. You have to sign an "Exclusive Agency" agreement.  The reason it is "Exclusive Agency" is because per MLS Rules, one property can not be listed in the MLS by two different companies at the same time.  If you want to be listed in the MLS by another Agency, then you must Cancel your listing with EntryOnly.com first.

Q. Why do I need to submit so many forms?
A.
In order to stay in compliance with Federal & State Laws, State Licensing Statutes, and MLS Rules and Regulations all the required forms must be submitted before your property can be listed in MLS.

Q. How long does it take to get my property listed after submission?
A. After your listing materials are submitted, your property will be listed within 1 business day, perhaps even the same day depending on the workload for the day.

Q. How long does it take for my listing to appear on websites?
A. Once your property is listed in the MLS, it will be immediately available to all members of the MLS.  It can take 24-48 hours to appear on Realtor.com.  Each MLS participates in reciprocal programs with Partner Websites in an effort to offer the most exposure to our clients. We do not have editorial control over these sites and cannot effect the way a listing is displayed on them.  Therefore we cannot guarantee their reliability and they are subject to change without prior notice.

Q. How do I make changes to my listing?
A. All changes can be made through EntryOnly.com via online submission.  You can also use printable forms and either scan/email or fax them in.

Q. How do Agents/Buyers contact me?
A.
Buyers/Agents contact the Seller directly to set up showings. The Seller's contact information appears in the "Showing Instructions" of the MLS for Buyer's Agents to see, so they do not have to look any further.  However, it is a violation of the MLS for a Seller's contact information to appear in the Public Remarks or on Partner Websites, so the Seller's contact information also appears on EntryOnly.com in the Seller's property listing. If a Buyer/Agent calls EntryOnly.com, we tell them the Seller is responsible for setting up showings, and we give them the contact information.  So, all calls are directed to the Seller.  Any emails inquiries are forwarded to the Seller.

Q. How do Agents know that I am offering a Commission?
A. The Buyer's Agency Commission is stated in the MLS for the Agents to see.  This information is not accessible to the general public.

Q. How much of a Commission should I offer?
A. The average commission is about 2.5%, so we recommend that you offer between 2-3%.  Of course, it all depends on how motivated you are to sell your property.  Obviously, the higher the commission you offer the more likely agencies are to put effort into finding a buyer for your property.  Conversely, the lower the commission you offer the less likely agencies are to "push" your property.  If you offer less than 2% you should not expect a big response from Brokers.

Q. Can I change the Commission after the property is listed?
A. You can change the Commission anytime before accepting an offer.

Q. How many photos do I get with my listing?
A. You can have up to 25 photos on Realtor.com, however, the number of photos in each MLS varies.  You will receive the maximum number photos in which ever MLS you are listed in.
          20 - Connecticut Statewide MLS
          16 - Connecticut Greater Fairfield County MLS
          24 - Maine Statewide MLS (MREIS)
          08 - Maine Downeast MLS
          30 - Massachusetts MLS-PIN (Property Information Network)
          25 - Massachusetts: Berkshire County MLS
          30 - Massachusetts: Cape Cod and Islands MLS
          24 - New Hampshire MLS (NNEREN)
          20 - Rhode Island Statewide MLS
          24 - Vermont MLS (NNEREN)
          ?? - All Other States vary by MLS

Q. Can I add/remove photos after my property is listed?
A. You can always update your photos later at no charge.

Q. Can I make changes to my listing after my property is listed?
A. You can always make changes after your property is listed at no charge.

Q. How do I add an Open House or Broker Tour?
A. You can add Open House and Broker Tours through EntryOnly.com via online submission.

Q. Am I prohibited from using my “For Sale By Owner” yard sign?
A. You are not prohibited from using your existing "FSBO" sign.  However, it is recommended you use a professional looking Yard Sign or you can order a custom printed Yard Sign through EntryOnly.com.

Q. What if I want to use a traditional Realtor while my property is listed?
A. If you want to be listed in the MLS by another real estate agent, then you must Cancel your listing with us first.

Q. Can I advertise on other FSBO websites, such as Craigslist?
A. Yes.  There are no restrictions on any additional advertising you want to do.  However, you are responsible for submitting those advertisements.

Q. How long has EntryOnly.com been in business?
A. The Entry Only Listing Service was started in March, 2006 by Principal Broker, Jason Saphire, who is licensed in every state in New England.

Q. How does EntryOnly.com provide this service at such a low cost?
A. We are a Real Estate Company that focuses solely on Entry Only Listings.  We do not offer Seller's Agency or Buyer's Agency.  That way we can provide our services as efficient as possible.  Most of our services are provided electronically.  We take pride in offering such great service for such a low price.

Q. How many property have been Sold through EntryOnly.com?
A. About 1/3 of all properties listed by EntryOnly.com have been Sold.  Almost 1/3 of the properties Sold are Seller to Buyer direct, which means the Seller paid NO Commission.

Q. What is the average Days on Market to sell property through EntryOnly.com?
A. Obviously, some properties go Under Agreement within the first week, and some never go Under Agreement.  Each property is unique and should be treated as such.  The quickest way to sell your property is for it to be priced appropriately.

Q. What do I do once I accept an Offer?
A. 
Per MLS Rules, Sellers must inform EntryOnly.com within 1 business day of accepting an Offer.  It is very important to know that you must notify EntryOnly.com within 1 business day of an Accepted Offer, regardless if there is a Buyer's Agency or not.  Essentially, Sellers are entering into a legal contract with our Real Estate Agency and must stay in compliance with all MLS Rules and Federal/State Laws, otherwise our company can be fined by the MLS.  Any fines received due to a Seller's negligence will be passed on to the Seller.

Q. What do I do after my property is Sold?
A.
Per MLS Rules, Sellers must inform EntryOnly.com within 1 business day after Closing.  It is very important to know that you must notify EntryOnly.com within 1 business day after Closing, regardless if there is a Buyer's Agency or not.  Essentially, Sellers are entering into a legal contract with our Real Estate Agency and must stay in compliance with all MLS Rules and Federal/State Laws, otherwise our company can be fined by the MLS.  Any fines received due to a Seller's negligence will be passed on to the Seller.
 

I had some doubts at I cannot say thank you enough. Your hard work was awesome and this would not have happened without a great site, realtor.com listing and partner in the process.  Good luck-you have an excellent service! - Joe      You did a great job and we appreciate all your help and great service.  We have already recommended you to a few friends that are about to sell and would continue to recommend you to more friends in the future.  Best of luck. Thanks again. - Scott

 
Member of: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont & National Association of Realtors.
Connecticut Statewide MLS, Greater Fairfield County MLS, Maine Statewide MLS, Maine Downeast MLS, Cape Cod & Islands MLS, MA MLS - Property Information Network, Berkshire County MLS, Rhode Island Statewide MLS, NH & VT - Northern New England Real Estate Network
 
CT #REB.0788861 ME #AC90602336 MA #7360 NH #063986 RI #B16418 VT #083.0065027-MAIN
 
The Entry Only Listing Service is a licensed real estate company in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. We specialize in Flat Fee MLS Listing for sellers who are trying to the sell their properties For Sale By Owner. Flat Fee MLS listings are also known as MLS Entry Only Listings. We offer Entry Only Listings and have been a leader in Flat Fee MLS listings in all of New England. Since For Sale By Owners have been taking advantage of our Flat Fee MLS service, we have listed over $1 billion in New England real estate. We started offering Flat Fee MLS in Massachusetts in 2006, in New Hampshire and Rhode Island in 2007, in Maine in 2008 and in Connecticut and Vermont in 2010. Our MLS Entry Only Listings are displayed throughout New England.
 

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