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Sonic Realty

Unlocking the Power of Multiple Listing Service (MLS) in Real Estate

In the dynamic world of real estate, the Multiple Listing Service (MLS) stands as a cornerstone, revolutionizing how properties are bought and sold. Let’s explore the significance of MLS and its role in facilitating efficient transactions for buyers, sellers, and agents alike.

The MLS is a comprehensive database of properties listed for sale by real estate professionals. It is a centralized platform where agents can share information about available properties, including detailed descriptions, photographs, and critical features. This centralized approach streamlines the buying and selling process, providing unparalleled access to a vast inventory of homes for both agents and consumers.

For sellers, listing their property on the MLS exposes it to a broad audience of potential buyers, maximizing visibility and increasing the likelihood of a successful sale. By leveraging the MLS’s extensive network of agents and brokers, sellers can attract qualified buyers and achieve competitive offers promptly.

On the buyer’s side, the MLS offers many options and valuable insights into the local housing market. Buyers can access up-to-date listings, refine their search criteria, and receive alerts for new properties that match their preferences. This transparency and accessibility empower buyers to make informed decisions and navigate the homebuying process confidently.

Moreover, the MLS fosters collaboration and cooperation among real estate professionals, facilitating smooth transactions and fostering a spirit of professionalism within the industry. Agents can easily share information, schedule showings, and negotiate offers, resulting in seamless interactions that benefit all parties involved.

The MLS is a vital tool in the real estate ecosystem, connecting buyers, sellers, and agents in a dynamic marketplace. Its efficiency, transparency, and accessibility make it an indispensable resource for anyone buying or selling property. By harnessing the power of the MLS, individuals can unlock new opportunities and achieve their real estate goals with ease and efficiency.

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DJ Peterson

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Affiliated Business Arrangement Disclosure Statement
This is to give you notice that Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC have a business relationship. The nature of the relationship between the Referring Party and the provider(s), including percentage of ownership interest, if applicable, is: Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC are all 100% owned by the same party. Because of this relationship, this referral may provide any of the above parties with financial or other benefit.
A. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on, or purchase, sale, or refinance of, the subject property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement Service Charge or Range of Charges
Sonic Realty LLC 1%-6% of purchase price
Sonic Title Agency, LLC Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.)
Title Search Fee: $250 - $325 (where applicable)
Closing Fee: $450 - $650
Sonic Loans Inc.

This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing.

Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees)
Loan Discount Fee/points: 0.5%-6% of loan amount.
Application/Processing Fee: $0.00 - $875.00
Flood and tax service: $0.00 - $95.00
Underwriting Fee: $0.00 - $1295.00
Document Review Fee: $0.00 - $400.00
Appraisal Fee: $0.00 - $850.00
Credit Report Fee: $0.00 - $135.00

Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing.
B. Set forth below is the estimated charge or range of charges for the settlement services of an attorney, credit reportingagency, or real estate appraiser that we, as your lender, will require you to use, as a condition of your loan on this property, to represent our interests in the transaction.
Sonic Loans Inc. provides mortgage lender/broker services. Sonic Realty LLC provides real estate brokerage services. Sonic Title Agency LLC provides title insurance and settlement services.

Provider and Settlement Service Charge or Range of Charges
Appraisal Fee $0-$800
Credit Report Fee $63-$125
 Actual charges may vary depending on the lender and loan program selected which can be found on your loan estimate.
ACKNOWLEDGMENT
I/we have read this disclosure form and understand that Sonic Loans Inc., Sonic Realty, LLC, or Sonic Title Agency LLC are referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.