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Upcoming Changes with Central Coast Realtors

For many years, there has been a Central Coast Regional MLS made up by 7 individual Association of Realtors. What this did was to provide a way for local Realtor to see every listing on the Central Coast and provided a “cooperative” agreement where Agents could bring Buyers to homes anywhere on the Central Coast.

This all changes in a few months.

The Central Coast Regional MLS goes away on March 31st, 2017. The Santa Maria Association has decided to start a new MLS (North Santa Barbara County Regional MLS) while the Realtor Associations in SLO County are all joining the California Regional MLS (CRMLS).  One impact this will cause on Home Sellers is the amount of exposure their listing will have with local real estate agents and how many agents can bring Buyers to their home.

Currently (pre-3/31/17), Central Coast Realtors can expose their Sellers home listing to ALL local agents.  When the CCRMLS goes away, Realtors will have the choice of belonging to the new North Santa Barbara MLS, the California Regional MLS, or both.  If a Seller chooses an Agent that does not belong to both MLSs, their listing will receive less exposure.

For example, if a Santa Maria home seller lists their home with an Agent that only belongs to the North Santa Barbara County MLS, the Sellers home will NOT be exposed to over 2,000 Realtors in SLO County, nor will their home listing appear on SLO County Realtors home search sites. A Realtor in Nipomo that is only a member of a SLO County Realtor Association will not see the Santa Maria listings, nor have an agreement in place that if they did bring a Buyer to a Santa Maria home listing, they will be paid any commission.

If you are listing a home after 3/31/17 and want maximum exposure for your listing, make sure you hire an agent that belongs to BOTH the North Santa Barbara County MLS and the California Regional MLS.

Because it will cost Brokerages and Agents to join multiple MLSs, the result is that there will be two levels of Realtors on the Central Coast; ones that provide exposure to all Agents and others that provide limited exposure. Which type of Realtor/Brokerage do you want to market and sell your home?

 

Before 3/31/17

CCRMLS
Listing Exposure in MLS and on Home Search Sites 2674 Agents

 

After 3/31/17 (CCRMLS goes away)

Santa Maria/North Santa Barbara MLS SLO County MLS Santa Maria + SLO County MLS
Listing Exposure in MLS and on Home Search Sites 670 Agents 2004 Agents 2674 Agents

(Note: # of Agents was determined by a roster search in the CCRMLS as of 1/10/17)

Written by Keith Byrd - Go to Keith's Website/Profile