Fort Lauderdale Real Estate Blog

October 7, 2009

4901 NE 27th Terrace | Lighthouse Point Florida- Home For Sale

4901 NE 27th Terrace | Lighthouse Point FloridaLooking for a great deal?  4901 NE 27th Terrace Lighthouse Point Florida is now listed for sale as a Short Sale priced at $1,375,000.

Originally listed at $1,795,000, This elegant French Chateau style 2-story residence features 4 bedrooms and 4.5 baths, 3 car garage situated on deep water with an invisible edge pool.

Custom designed with Italian state of the art kitchen cabinetry with built in double ovens, microwave, espresso coffee machine and Wolf cook-top.

4901 NE 27th Ter Lighthouse Point - KitchenMagnificent vein cut (24×24) marble flooring adorns the main living areas and Brazilian dark mahogony wood floors in every bedroom.  Top of the line Kholer shower features in the master bath with onyx mosaics throughout.

Seventy-five feet of  deep water dockage with a short cruise to the Atlantic Ocean.

Lighthouse Point Florida is located north of Fort Lauderdale and south of Boca Raton.

For more information on this home or other homes and condos for sale, contact me today at 954-850-2397.

Courtesy of Galleria International Realty

Please Note: Short Sales are subject to third-party Lender Approval with no guarantee of sale being approved at price agreed upon and subject to the owner of record accepting the terms of the short sale. It is also common for short sale properties to receive multiple offers and there is no guarantee of any offer being accepted.

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March 11, 2009

What is the MLS anyway?

MLS is an acronym for multiple listing service. Wikipedia describes it as a suite of services that (1) enables brokers to establish contractual offers of compensation (among brokers); (2) facilitates cooperation with other broker participants; (3) accumulates and disseminates information to enable appraisals; (4) is a facility for the orderly correlation and dissemination of listing information to better serve broker’s clients, customers and the public.In layman’s terms the MLS is a central database that participating real estate brokers and agents use to share information about properties. Realtors primarily use it in their day to day operation to find properties for buyers and to help sellers arrive at a value for their properties based on sold and unsold like kind properties.

The MLS system is also the most important marketing tool that a Realtor or Broker can have. Participating members of the multiple listing system list their inventory of properties for sale in the database as a way to market them to other members who may have a potential buyer. These Realtors can sell other Realtors listing in return for compensation. If you are looking to sell your home make sure you choose a Realtor who can list your home in the MLS database. Essentially, your home will be accessible to thousands of Realtors and their potential buyers.

Other important facts about the MLS:

•    There is no national single MLS.
•    Local Realtor Associations oversee the MLS system.
•    MLS is trademarked term owned by Major League Soccer
•    Most MLS’s do not have an access for the general public
•    IDX is known as internet data exchange.  This allows a portion of MLS data to be displayed on Realtor websites. When you see “Search MLS” on a Realtors website most of the time you are not accessing the real MLS system.
•    Realtors have to pay money to join a local Realtor association in order to access the MLS system.

Marc Rasmussen
Realtor in Sarasota, Florida
Sarasota MLS

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October 20, 2008

Sarasota Association of Realtors® attacks Marc the Realtor®

A Realtor friend of mine in Sarasota has recently faced an aggressive legal battle launched at him by the Sarasota Association of Realtors®, (SAR) of which he is an active member, because of the use of “mls” in his website address.

The use of “area mls” in a Realtor’s website address was widely recommended in a 2002 article written by “Mr Internet” in a publication by the National Association of Realtor’s® (NAR).

Marc Rasmussen, a Sarasota Real Estate Agent, purchased his website address “thesarasotamls” back in 2003 based largely on the advice he read in the article and when marketing real estate on the internet was in it’s infancy.

Mark continued to spend numerous hours and thousands of dollars over the next 5 years creating and improving what had become the number 1 Sarasota Real Estate website and was rewarded for his efforts by achieving high rankings in the internet search engines.

A recent change in Article 12 of the National Association of Realtors® Code of Ethics, now allows local Realtor® Associations at their sole discretion to determine if their members are permitted to use the term “mls” regardless of how long they have used it and especially with disregard to the recommendation featured in the Mr Internet article.

It should be pointed out that “mls” is not a trademark of any Realtor® Association, instead the trademark for Major League Soccer (MLS). The public has also come to know mls as a common everyday term for real estate property listings.

However, it was prior to this change in the ethics code that the Sarasota Association of Realtors® decided to take legal action against Marc, apparently in an effort to shut his website down. A website that was highly respected for doing what a real estate website should do, provide consumers with real estate information and real estate property listings.

Morgan Carey, the web designer for Marc explains in detail in his blog post Help us Fight the Sarasota Association of Realtors® , the legal action which began with an ethics complaint against Marc filed by SAR (Sarasota Association of Realtors®) for which Marc was cleared of any wrong doing.

This is where I and many others believe SAR® went too far crossing the line. The Association, rather then accept this ruling, continued action against Marc outside the scope of an ethics complaint, in a legal maneuver, brought their argument to the Internet Corporation for Unassigned Names and Numbers (ICANN) - which as you will read below, has nothing to do with ethics.

ICANN mission statement

In a split decision, ICANN ruled in favor of the Sarasota Association of Realtors®.

Marc has filed a lawsuit in Federal court against the Sarasota Association of Realtors® to allow him to maintain control over the old website address (domain name thesarasotamls.com). Marc has already redirected the old address to his new website address.

By allowing Marc to maintain control over the old domain and through the redirect to his new website will preserve the past 5 years of hard work and maintain the authority Marc’s old site had gained and avoid Marc having to start all over again.

There has been an enormous outpouring of support for Marc from fellow Realtors® across the country and a barrage of protests against the Sarasota Association of Realtors® has now put this issue into the lime light. They have an opportunity to do the right thing, bring this to a close and allow Marc to remain in control of the old domain.

If they continue to force Marc to surrender the website address to SAR®, than in my opinion, as shared by many others, this was never about ethics, nor an action to protect the consumer. Rather a contemptuous action far more rooted in taking down a Realtor’s® website possibly because of jealousy or envy.

Read the linked articles, and you decide.

To list your article here, email me or post in comments.

To voice your support for Marc, contact the Sarasota Association of Realtors®

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