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Home Finder's Guide, The Canadian Statesman and Newcastle Independent, December 6,1989 3 MLS Gives Your Home Broader Sales Coverage If you have ever bought or sold real estate, you are probably familiar with the initials MLS or "Multiple Listing Service." Service." Today, the majority of residential real estate is sold through MLS." The MLS trademark is owned by the Canadian Real Estate Association and designates a cooperative cooperative system under which properties may be listed, purchased or sold. The MLS is provided to consumers through local real estate boards. Multiple Listing in one form or another goes back to the late 1800's. The first real estate boards were basically exchanges where individual members members would gather on a specific day of the week to trade information regarding regarding properties for sale and to conduct transactions transactions on behalf of their clients. The initial term "Cooperative "Cooperative Listing System" began in 1950. Pictures were added in 1951 to create the "Photo Cooperative Cooperative System" which was the name used until the current name MLS came into wide spread use over 25 years ago. MLS is a valuable sales tool when you want to sell your house because yôür property gets greater greater exposure. Through MLS, the details of the jropérty are made availa- )le to a whole network of ocal agents who will seek to match the property with a potential buyer. If you decide to list your property on MLS, you are allowing your Realtor Realtor to use the facilities and services of other board members as subagents. subagents. These sub-agents are appointed through a co-operative listing system system operated by your local local real estate board. Nonetheless, the listing agent - your Realtor - is directly responsible to you - the vendor - and you are equally responsible responsible to your Realtor alone for payment of the fee for service. MLS offers market exposure exposure to all Realtors associated associated with the local real estate board, and personal service from your own Realtor. The signed MLS listing agreement is a contract between you and your Realtor Realtor as sub-agent of the brokerage company he or she represents; both parties parties are bound to follow its terms and conditions. When you decide to list with a Realtor and market market your property through MLS, you and the Realtor will work together together to identify the details details of the property to include include in the listing agreement. The listing price and a physical description description of the property - lot size, building style and materials, floor area, age, heating/cooling systems systems and room sizes .-- are all included. This information is sent along with a photo to your local real estate board which makes it available to all board members. Generally, this is done using catalogues, tear sheets or a computer. computer. . MLS information is available only to REALTORS REALTORS within the jurisdiction jurisdiction boundaries covered by your local real estate board. There is, however, an interboard listing system system which allows Realtors Realtors to purchase listing information from other boards. Some people prefer to list "exclusive." An exclusive exclusive listing give your Realtor Realtor sole authority to offer offer your property for sale within a specifiéd period of time. You may prefer this to listing MLS if you are selling to a specialized specialized market or if you don't want your home open to all Realtors in your area. Most consumers, however, however, decide to list their properties through the Multiple Listing Service because it provides access to a much broader base of potential buyers. FAMVr 1W8Î COHFQMTON EDWARD SCHLUMBERGER BUYING OR SELLING? For professional prompt service contact me at any time. 623-4241, 623-6622. edvan REALTY LTD. Prospective purchasers look to Edvan Realty because of our proven record of success. Thinking 'of selling your home? Call me now and I will arrange for a market evaluation of your home without cost or obligation. "Over 14 years experience." Wilma Entwisle Edvan Realty Ltd. 214 King St. E., Bowmanville Res. (416) 786-2911 Bus. (416) 623-4445 Tor. (416) 686-0477 n A*"**jt cornerstone realty ltd. 104 king st. e., bowmanville 623-6000 020 6000 Toronto line 428-1206 REALTOR KAY BROWN 623-6000 623-3150 Osaca Road $429,900. 23 Acres of woods and wild flowers. Spacious bungalow overlooking a two acre pond • Triple car garage and barn • Easy commute. Sally Staples and Doug Humphreys COUNTRY BUNGALOW WITH 2 BDRM. IN-LAW APARTMENT Brick home with attached garage. North east of-Bowmanville. Inground pool, lot size 100' x 150'. Ideal for family family with parents who live south in the winter. Two fireplaces $209,000^ 26.96 ACRE HORSE FARM PONTYPOOL $265,000. Brick bungalow, 3 bedrooms, heat pump, walkout from basement, 7 stall barn, excellent farm. JANE SCOTT 432-7200 623-4273 683-4500 91 WAVERLEY Mobile home, Bowmanville $67,500. 2 bedroom, extra wide 14' x 60' large eat-in kitchen, Bowmanville park, 5 minutes to mall and GO bus. 13.46 ACRES PLUS 1800 SQ. FT. BUNGALOW HAMPTON $310,000 Three bedrooms, 2 baths, main floor sunken family room, cathedral ceilings, ceilings, pine log construction, 7 mins, to Bowmanville. READY IN AUGUST! $154,900. Three bedroom raised bungalow semi to be built and ready to move in at the end of August. Finished family room, 1 bedroom and bath on lower level. Call for more details. Patricia Irwin Lycett 623-6000. $169,900.3 bedrooms, garage, rec. room COURTIÇE $171,900. 4 bedrooms, oak kitchen, upgrades ORONO $219,900. Family room, fireplace, large, more NORTH WEST OSHAWA SANTA COULDN'T MISS This 5 bedroom home with newly renovated eat-in kitchen, study, living living room with fireplace, and main floor family room big enough to play football in, inground pool 40 x 20 with auto cleaner 300 ft. deep lot with mature trees, many extras, in Newcastle. Asking $269,900. Address 318 Sunset, Newcastle. Steve Hollingsworth Rnc eoq.ennn roc «03.5154 $270,000. Custom bungalow, 1800 sq. ft., Quality plus! BETHANY $349,900. 3400 sq. ft., master retreat, big lot. COURTICE JANE VATCHER Sales Rep. 623-6000 VERY NICE 3 plus 1 bedroom detached bungalow, maintenance free exterior, tastefully decorated throughout. $157,900. BEAUTIFUL CENTURY HOME on 1.7 acres. Renovated, upgrades too numerous to mention, out buildings with hydro, circular drivo, stunning sotting. $279,900. KATHY RILEY Sales Rep. 623-6000 623-6506 24 hr. pager JUST LISTED Brick bungalow, 3 plus bedrooms, 2 baths, deck, fireplace, fireplace, lovely to show. 983-9782. KRYSTYNA JONES OPEN HOUSE SUN., DEC. 10 1-4P.M. 8 Sylvia Court, Néwcastle 6 month new, 3 bedroom, 2 storey home with walkout basement, 1 car garage only $169,900. DIR. 401 to Mill St. north, right on George St. to Sylvia Court VINNIE GUPTA A WINNING EQUATION 3600 sq. ft. at $65.00 per = $234,000. Court lot serviced = $100,000. Therefore should cost $334,000. min. BUT 10 Hart Court is listed at $319,900. Patricia Lange, Sales Rep. 623-6000,623-4026, 428-1206 54 PARKWAY CRESCENT Ranch bungalow on 79 x 100 ft. lot 3 plus 2 bedrooms. 1 - 4 and 1 - 3 pc. baths, large living and dining room, new oak kitchen, hardwood floors throughout, immediate possession. Call Kay Brown 623-3150, 623-6000. 30 BARLEY MILL CRESCENT A HOME FOR A LARGE FAMILY This well kept home boasts 3 full 4 pc. baths, family room with fireplace, 3 plus 1 bedrooms, 4 levels and any possession possession date you need. Asking $229,000. Call Kay Brown 623-3150, 623-6000. ATTRACTIVE COURT SETTING 3 bedroom link, 2 baths. ' Affordable $159,900.