What is the ALL IMPORTANT “MLS”?
The Honolulu MLS, or
HiCentral MLS, is essentially a big, organized database for real estate agents in Honolulu (and Oahu) to share and find property listings.
Think of it like a private online marketplace for real estate professionals.
Here’s how it works simply:
- Agents list properties: Real estate agents representing sellers input their property listings into the HiCentral MLS.
- Agents find properties for buyers: Real estate agents representing buyers can then search this database to find properties that match their clients’ needs.
- Cooperation: The system allows agents to cooperate and agree to compensate each other when a sale is successfully made.
In short, it’s a central hub that allows real estate agents to:
- Easily access property information: View active, sold, and open house listings.
- Streamline transactions: Share listings and work together efficiently.
- Increase exposure: Get listings in front of a wide network of potential buyers.
This helps the Honolulu real estate market function smoothly by providing a centralized source of information and facilitating cooperation between agents.
What do Hawaii Realtors Have that is Unavailable to the public?info about properties that have been taken off the list, info about properties in the process of being bought. Here’s what Chat GPT says:
While the public can access general property information through publicly available channels, Realtors in Hawaii have a significant advantage through their access to the MLS, market data, and professional networks. This allows them to provide clients with a deeper understanding of the market, better negotiation capabilities, and access to more comprehensive listing details.
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