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| board of realtors, mary cummins, real estate appraiser, mls, multiple listing service, beverly hills, los angeles, california, history, real estate, sales, agent, department of real estate |
Real Estate is one of the largest industries in the United States. It began with the first land grants and settlers of the New World starting in the late 1400's. Many countries including Spain, Portugal, Britain, France, Russia, the Netherlands, Denmark, and Sweden laid claim to the New World making and selling land grants. Over time individuals and speculators bought, sold and traded the land grants, plots and deeds.
Originally there were handwritten land grants with vague land surveys using physical landmarks. They were recorded with the cities, counties or states as they formed. These were later also recorded in newspapers. The land grants were later replaced with grant deeds and surveyed numbered land plots with assessor numbers as the nation grew and government and real estate became more formalized and regulated.
Back in the day anyone could become a real estate dealer. This led to some charlatans and con men becoming land swindlers. Everyone knows about people accidentally buying worthless swamp land in Florida or someone selling the same piece of land to multiple people. This gave the real estate industry a very bad image. A few in the industry decided to form Realty Associations in order to control who could deal in real estate and how properties were planned, built and transferred.
The purpose of the first Realty Associations specifically the "Los Angeles Realty Board" was "to bring legitimacy to their profession, encourage cooperation and fellowship among real estate men, and use their collective power to create a more dynamic business environment for their industry." The LA Realty Board was formed in 1903 in California. One of the founding members was William May Garland. By 1906 they had 217 members.
Many of the later Boards were formed based on the same structure and mission as the LA Realty Board. I was a member of the Los Angeles Board of Realtors, Beverly Hills Board of Realtors and National Association of Realtors starting in 1983. The BH Board was incorporated in 1955. They ultimately merged with the LA Board and became the Greater Los Angeles Realtors (GLAR) in 1998. The state California Association of Realtors (CAR) was formed in 1998.
Initially some of the various boards had their own MLS services. Later they joined forces and made larger MLS services such as CRMLS, CLAWMLS, THEMLS... The Combined Los Angeles/Westside (CLAW) MLS is a compilation of the listings of Realtor Board Members formed in 1995. You must be a licensed real estate agent and Realtor to join as an agent or broker to list properties on that MLS. The National Association of Realtors (NAR) was originally formed as the National Association of Real Estate Exchanges in Chicago in 1908.
Back in the day the Realty Board was in charge of who could be a real estate agent. There was no State Departments of Real Estate. Official real estate sales licenses didn't start until 1917 when the California Department of Real Estate (DRE) was first formed by the California legislature. DRE marked the formation of the first-ever Real Estate Law in the country. With this law, licensing practices and licensees were regulated in a manner which was emulated by many other states.
As the business of real estate became more organized a system was needed to facilitate those transactions. Back in the day properties were listed for sale in the local newspapers. The closed sales were also listed in the newspapers. Some newspapers had full real estate sections every day or just on Sundays. Some included black and white and later even color photos. They were essentially the first Multiple Listing Service.
The Los Angeles Times was one of those early newspapers that listed those properties starting in 1881. At that same time real estate dealers, agents and offices would have print outs of all the properties they had offered for sale. They would post them at their offices on their windows besides in newspapers and real estate magazines around the country. They assembled them in three ring binders in their offices to show to prospective buyers and sellers. They would also exchange them with other real estate dealers whom they knew.
Eventually a few large real estate offices got together and decided to print them in one local monthly magazine type book for more wide scale marketing and exposure. These were the first dedicated Multiple Listing Services type books. The NAR started offering this MLS service in the 1960's. These paper books were used up until 1994-2000. Below are a couple of pages from one of those books. When I was an agent then broker they came out every other week I think and were about an inch thick for Los Angeles.
After around 1994 the data went digital with the advent of the common use of the Internet. First it was available via dial-up in real estate offices for text only. I used phone dial-up devices around 1984 to access the private intranet data, search by distinct computer codes then printed the listings out on dot matrix printers using continuous feed paper with the little holes on the side. Everything was later available fully online to Board and MLS members including photos. Later it was partially available to the general public as well. One still had to contact the listing agent to get access to the property and get all of the information to present an offer.
Today we have full home and property listings online which include lots of color photographs, diagrams, staged photos, plot plans, architectural renderings, videos and even 3-D tours. Nowadays you can search properties all over the world in different languages. You can even buy and sell the properties fully online as long as you get signatures notarized with proof of identification. We have definitely come a long way from land grands in old English cursive writing and newspaper ads.
Below is a sample list of active listings from an MLS search. Below that is a short detail listing of one property. None of these were any of my clients' properties.
References:
The Promise and Principles of Real Estate Development in an American Metropolis:
Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.
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