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'No fee' rental site targets the young professional.


The home of your dreams is now only a mouse-click away thanks to MLX MLX Master Electrician (theatrical terminology)
MLX Multiple Listing Exchange (real estate) 
.com (Metro List Xpress See QuarkXPress. ) - a dynamic web-based business specializing in real estate listings. The Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 site features NYC's largest consumer-accessible database of "real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. " homes for sale or no-fee rentals.

MLX.com provides a huge inventory of available rental apartments, co-ops and condominiums that span all price ranges - but is also the only site that offers a combination of no-fee rentals and broker apartments. The site's modest one-time fee of $150 entitles users to search the database until an apartment is found. Already MLX.com boasts four to five thousand registered users per month - 90 percent of whom are professionals between the ages of 26 and 45 years old.

"MLX.com is extremely popular among young professionals because it offers the option to choose from the largest selection of no-fee apartments direct from landlords, owners, or broker exclusive," says LaLa Wang (Wang Laboratories, Inc., Lowell, MA) A computer services and network integration company. Wang was one of the major early contributors to the computing industry from its founder's invention that made core memory possible, to leadership in desktop calculators and word processors. , president of Metro List Xpress. "MLX.com's successful apartment hunters save an average of 82 hours of research and hunting time and an average of $5,300 in commissions and fees."

The site is refreshed re·fresh  
v. re·freshed, re·fresh·ing, re·fresh·es

v.tr.
1. To revive with or as if with rest, food, or drink; give new vigor or spirit to.

2.
 regularly. New listings are sent by the site's "Instant Elert" feature. This responsive feature alerts a customer when a home that matches their customized profile has been found. Buyers can also request the listings be sent to them by fax on demand.

In addition to its database, MLX.com customizes search profiles, features building photos and apartment floor plans, and provides message boards for advice and support from other apartment hunters, brokers and industry experts. The site also provides comprehensive write-ups of numerous Manhattan neighborhoods and school reports.

"MLX.com compiles its listings from building owners, individual apartment owners, brokers, and print sources, making it one of the furthest reaching listing services in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
," says Wang. "Currently our database offers more than 4,000 residences."

MLX has a seven-day listing staff to ensure the freshness of the listings and to be on call for MLX members. The listings are online, 24 hours a day, seven days a week.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 19, 2000
Words:348
Previous Article:Bill Rudin to speak on long term real estate investing.
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