Quote:
Originally Posted by SoCalGal
<< But, if you look on VLS and do a drive-by through that area, you will see hundreds of spec homes are sitting. >>
What does "VLS" stand for in this context?
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VLS = Villages Listing Service
as opposed to
MLS = Multiple Listing Service.
VLS is exclusive - it means the Villages own real estate group is doing the selling on behalf of the owner. On new construction, that means you won't see Re/MAX selling those homes, because the Developer owns its own real estate company and isn't interested in farming out or sharing the sales, or profits, to outside companies.
MLS is inclusive. Those are only resales, and only those resales that the seller hasn't contracted with VLS agents. So you might see a Re/MAX agent bringing a buyer to look at a house being sold through a Coldwell-Banker agency.
VLS agents are not allowed to show MLS homes to potential buyers.