Refine Search
Sort by
$225,000
26860935 MLS
Just listed another fantastic opportunity in the Pacific Palisades. This is the best priced lot in the Palisades, the lot next to it is for sale as well. Truly an incredible opportunity to hold for future sale, or go through the approval process and sell it with RTI or build a magnificent home in the exclusive Riviera neighborhood. Either hold or develop pencils at this price. Please reach out to the listing agent for the a plat map and access information. The land is close to the Palisades village and is surrounded by multimillion dollar homes. Take advantage of this land with huge potential and upside. The best part is seller is open to financing!

1555 Reseda Boulevard, Pacific Palisades

Listing courtesy of Listing Agent: Endre Barath (homes@endrebarath.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.

$1,450,000
26860167 MLS
Attention Investors, Developers, and End-Users: Plans for a 5,200-square-foot home are approved and ready to issue (RTI), allowing construction to begin immediately. There are two versatile options available and ready to go! Option A is for a 4+4 main house spanning 3,738 square feet plus a 500-square-foot 1+1 Junior ADU, half-open to the lower yard with a private patio and separate entry. Option B builds a 5+5 main house spanning 4,238 square feet in addition to a 2+2 ADU at 1,000 square feet, complete with direct access to its own separate garage. You can be a part of the restoration and rebuilding of beloved Pacific Palisades with significant upside potential. Plans are available upon request. Or, start from scratch to completely reimagine and construct your dream home! Permits are fast-tracked by LA County for "like-for-like" rebuilds when structures are rebuilt to the same size, location, and purpose of the original structure and do not increase the floor area, size, height, or footprint by more than 10% (buyer to fully investigate and verify local requirements which may evolve). With great effort taken by city departments to improve the resilience of infrastructure and to promote fire-resistant construction in the area, a restored Pacific Palisades will be better than ever. This desirable corner lot is sited just moments to world-famous beaches, hiking trails, the Palisades Village shopping center which reopens in August, and the best of the Westside.

16150 Northfield St, Pacific Palisades

Courtesy of Compass, Sally Forster Jones - CA DRE#00558939

$1,450,000
26860167 MLS
Attention Investors, Developers, and End-Users: Plans for a 5,200-square-foot home are approved and ready to issue (RTI), allowing construction to begin immediately. There are two versatile options available and ready to go! Option A is for a 4+4 main house spanning 3,738 square feet plus a 500-square-foot 1+1 Junior ADU, half-open to the lower yard with a private patio and separate entry. Option B builds a 5+5 main house spanning 4,238 square feet in addition to a 2+2 ADU at 1,000 square feet, complete with direct access to its own separate garage. You can be a part of the restoration and rebuilding of beloved Pacific Palisades with significant upside potential. Plans are available upon request. Or, start from scratch to completely reimagine and construct your dream home! Permits are fast-tracked by LA County for "like-for-like" rebuilds when structures are rebuilt to the same size, location, and purpose of the original structure and do not increase the floor area, size, height, or footprint by more than 10% (buyer to fully investigate and verify local requirements which may evolve). With great effort taken by city departments to improve the resilience of infrastructure and to promote fire-resistant construction in the area, a restored Pacific Palisades will be better than ever. This desirable corner lot is sited just moments to world-famous beaches, hiking trails, the Palisades Village shopping center which reopens in August, and the best of the Westside.

16150 Northfield Street, Pacific Palisades

Listing courtesy of Listing Agent: Sally Forster Jones (showings@sallyforsterjones.com) from Listing Office: Compass.

$3,750,000
26859137 MLS
Welcome to 519 Frontera Drive, an exceptional opportunity to build a custom estate in one of the most desirable locations within the Huntington Palisades. Situated on a quiet, private street, this approximately 7,648 square foot lot offers the potential to build approximately 6,500 square feet of total living space, as confirmed by a local architect. As the community continues its remarkable resurgence, this is a rare opportunity to invest in the future of one of Los Angeles' most coveted coastal neighborhoods at a pivotal moment in its next chapter. The location offers an extraordinary combination of privacy and convenience. Enjoy an easy stroll to Palisades Village for shopping, dining, and everyday amenities while also benefiting from exclusive access to Huntington Palisades Park, the private blufftop park reserved exclusively for neighborhood residents. With sweeping ocean views, expansive green lawns, and an irreplaceable coastal setting, it remains one of the Westside's most sought-after neighborhood amenities.Adding to the neighborhood's momentum, the highly anticipated reopening of Palisades Village, expected on August 15, further signals the community's continued revival and long-term strength. For buyers looking to build a custom home or make a strategic investment, the timing presents a rare opportunity to create a legacy property as one of Southern California's premier coastal communities enters an exciting new era. Whether you're an end user envisioning your forever home or a developer seeking a premier investment, 519 Frontera presents a rare opportunity to secure a premier Huntington Palisades homesite and build a custom residence in one of the best parts of one of the most desirable neighborhoods.

519 Frontera Dr, Los Angeles

Courtesy of Douglas Elliman of California, Inc., Sean McNulty - CA DRE#01891347

$3,750,000
26859137 MLS
Welcome to 519 Frontera Drive, an exceptional opportunity to build a custom estate in one of the most desirable locations within the Huntington Palisades. Situated on a quiet, private street, this approximately 7,648 square foot lot offers the potential to build approximately 6,500 square feet of total living space, as confirmed by a local architect. As the community continues its remarkable resurgence, this is a rare opportunity to invest in the future of one of Los Angeles' most coveted coastal neighborhoods at a pivotal moment in its next chapter. The location offers an extraordinary combination of privacy and convenience. Enjoy an easy stroll to Palisades Village for shopping, dining, and everyday amenities while also benefiting from exclusive access to Huntington Palisades Park, the private blufftop park reserved exclusively for neighborhood residents. With sweeping ocean views, expansive green lawns, and an irreplaceable coastal setting, it remains one of the Westside's most sought-after neighborhood amenities.Adding to the neighborhood's momentum, the highly anticipated reopening of Palisades Village, expected on August 15, further signals the community's continued revival and long-term strength. For buyers looking to build a custom home or make a strategic investment, the timing presents a rare opportunity to create a legacy property as one of Southern California's premier coastal communities enters an exciting new era. Whether you're an end user envisioning your forever home or a developer seeking a premier investment, 519 Frontera presents a rare opportunity to secure a premier Huntington Palisades homesite and build a custom residence in one of the best parts of one of the most desirable neighborhoods.

519 Frontera Drive, Los Angeles

Listing courtesy of Listing Agent: Sean McNulty (SeanMcNulty310@gmail.com) from Listing Office: Douglas Elliman of California, Inc..

$1,050,000
26859471 MLS
16722 Bollinger Dr presents an exceptional opportunity in the desirable lower Marquez Knolls neighborhood. Previously home to a 3,813 square foot residence, the 5,057 square foot lot offers strong potential for redevelopment in a well established coastal community known for its quiet streets, close knit feel, and access to some of the area's most sought after amenities. An existing basement remains, adding further value and potential cost savings. The property is also centered amid an impressive amount rebuild activity. Located just blocks from highly regarded Marquez Charter Elementary and only minutes from the beach, scenic hiking trails, and Palisades Village, the property is ideally positioned for enjoying both outdoor recreation and everyday convenience.

16722 Bollinger Dr, Pacific Palisades

Courtesy of Berkshire Hathaway HomeServices California Propert, Christopher Feil - CA DRE#01739001

$1,050,000
26859471 MLS
16722 Bollinger Dr presents an exceptional opportunity in the desirable lower Marquez Knolls neighborhood. Previously home to a 3,813 square foot residence, the 5,057 square foot lot offers strong potential for redevelopment in a well established coastal community known for its quiet streets, close knit feel, and access to some of the area's most sought after amenities. An existing basement remains, adding further value and potential cost savings. The property is also centered amid an impressive amount rebuild activity. Located just blocks from highly regarded Marquez Charter Elementary and only minutes from the beach, scenic hiking trails, and Palisades Village, the property is ideally positioned for enjoying both outdoor recreation and everyday convenience.

16722 Bollinger Drive, Pacific Palisades

Listing courtesy of Listing Agent: Christopher Feil (CFeil@TheFeilGroup.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.

$1,600,000
26859109 MLS
Incredible value in the Palisades Highlands! This expansive 423,653 sq ft lot (nearly 10 acres) has never been developed, offering a rare opportunity to design and build a custom estate or possibly multiple structures in one of Los Angeles' most sought-after neighborhoods. Located on Michael Lane, the property features ocean and mountain views and is priced at just under $4 per square foot, making it an exceptional opportunity in the Palisades. Surrounded by nature, the setting offers a sense of serene tranquility while still just minutes from scenic hiking trails, the beach, Palisades Village, and top-rated schools. Whether you're creating a private retreat, family compound, or investment project, this blank canvas offers remarkable potential in a tranquil hillside location.

Michael Lane, Pacific Palisades

Courtesy of Amalfi Estates, Anthony Marguleas - CA DRE#01173073

$1,600,000
26859109 MLS
Incredible value in the Palisades Highlands! This expansive 423,653 sq ft lot (nearly 10 acres) has never been developed, offering a rare opportunity to design and build a custom estate or possibly multiple structures in one of Los Angeles' most sought-after neighborhoods. Located on Michael Lane, the property features ocean and mountain views and is priced at just under $4 per square foot, making it an exceptional opportunity in the Palisades. Surrounded by nature, the setting offers a sense of serene tranquility while still just minutes from scenic hiking trails, the beach, Palisades Village, and top-rated schools. Whether you're creating a private retreat, family compound, or investment project, this blank canvas offers remarkable potential in a tranquil hillside location.

Michael Lane, Pacific Palisades

Listing courtesy of Listing Agent: Anthony Marguleas (anthony@amalfiestates.com) from Listing Office: Amalfi Estates.

$4,300,000
26858843 MLS
One of the largest and most compelling ocean-view opportunities in Pacific Palisades, this rare offering is ideally located just north of the Alphabet Streets and features approximately 115 feet of frontage on a nearly half-acre, approximately 18,307-square-foot lot with sweeping 180-degree ocean, bay, and city views. The coveted south-facing orientation provides abundant natural light throughout the day and direct ocean exposure while offering exceptional privacy and expansive outdoor living and entertaining spaces. The previous residence measured 5,817 square feet, illustrating the scale of the home previously enjoyed on the property. Enjoy breathtaking sunsets, panoramic ocean vistas, and a front-row seat to the Pacific, all just blocks from Palisades Village, top-rated schools, shopping, dining, hiking trails, and the beach. An exceptional opportunity for an owner-user or developer to create a landmark ocean-view estate in one of Los Angeles' most coveted coastal neighborhoods.

1314 Goucher St, Pacific Palisades

Courtesy of Amalfi Estates, Anthony Marguleas - CA DRE#01173073

$4,300,000
26858843 MLS
One of the largest and most compelling ocean-view opportunities in Pacific Palisades, this rare offering is ideally located just north of the Alphabet Streets and features approximately 115 feet of frontage on a nearly half-acre, approximately 18,307-square-foot lot with sweeping 180-degree ocean, bay, and city views. The coveted south-facing orientation provides abundant natural light throughout the day and direct ocean exposure while offering exceptional privacy and expansive outdoor living and entertaining spaces. The previous residence measured 5,817 square feet, illustrating the scale of the home previously enjoyed on the property. Enjoy breathtaking sunsets, panoramic ocean vistas, and a front-row seat to the Pacific, all just blocks from Palisades Village, top-rated schools, shopping, dining, hiking trails, and the beach. An exceptional opportunity for an owner-user or developer to create a landmark ocean-view estate in one of Los Angeles' most coveted coastal neighborhoods.

1314 Goucher Street, Pacific Palisades

Listing courtesy of Listing Agent: Anthony Marguleas (anthony@amalfiestates.com) from Listing Office: Amalfi Estates.

$1,425,000
26858455 MLS
Nestled within the serene, tree-lined streets of Marquez Knolls, this 6,724 square foot lot offers more than just space - it offers promise. Set in one of the Pacific Palisades' most beloved neighborhoods, this property stands as a blank canvas where dreams can take root once again. The surrounding sidewalk streets, dappled with trees and the warmth of ocean breezes, are poised to thrive anew as the community rebuilds and renews its character. Here lies a rare opportunity to design your vision whether a timeless Cape Cod, a modern coastal retreat, or something uniquely your own. This location was once home to a 4,527sqft home and presents an opportunity to build 10% larger. The backyard remains intact, which includes a spa, luxury pool, water slide, waterfall, and poolside fire pit. The generous lot size allows for subterranean parking and a spacious basement level, perfect for an entertainment suite, gym, or home theater; all tailored to your lifestyle. As the Palisades continues to restore its quiet beauty, this property represents a chance to be part of its renaissance to reimagine, rebuild, and rejoin a neighborhood known for its community spirit, natural light, and enduring charm. A foundation for new beginnings where Pacific sunsets and neighborhood walks await once more.

16767 Bollinger Dr, Los Angeles

Courtesy of The Agency, Nick Collins - CA DRE#01922418

$1,498,000
WS26146892 MLS
Set in the desirable Lower Marquez neighborhood of Pacific Palisades, this rare offering presents a unique opportunity to rebuild and create your dream coastal retreat. Located at the end of a quiet cul-de-sac street, the property enjoys a peaceful setting while remaining close to the vibrant lifestyle the Palisades is known for. Previously positioned to capture beautiful ocean breezes and views stretching across the Santa Monica coastline, city lights, and toward Catalina, the property offers exceptional potential for a future residence designed to maximize these scenic outlooks and indoor-outdoor California living. A rare opportunity to rebuild in the desirable Lower Marquez neighborhood, the lot may allow the development of a substantial new residence of approximately up to 4,000 square feet, offering the opportunity to create a custom coastal home designed to capture ocean breezes, scenic views, and seamless indoor-outdoor living. The property provides an excellent canvas for a future thoughtfully designed home, with the potential for gardens, outdoor entertaining areas, and expansive balconies ideal for enjoying the relaxed California coastal lifestyle. Conveniently located near the highly regarded Marquez Charter Elementary School, as well as other distinguished private and charter schools, the property also enjoys close proximity to Marquez Village, neighborhood shops, cafés, and dining. The beach, hiking trails, and the best of Pacific Palisades living are all just minutes away. An exceptional opportunity to reimagine and invest in one of the most sought-after coastal communities in Los Angeles and create a new chapter of Palisades living. Buyer to verify all development possibilities with the city.

16625 Marquez Terrace, Pacific Palisades

Listing courtesy of Listing Agent: RHEA BAI (rheasellshomes@gmail.com) from Listing Office: RE/MAX PREMIER/ARCADIA.

$1,425,000
26858455 MLS
Nestled within the serene, tree-lined streets of Marquez Knolls, this 6,724 square foot lot offers more than just space - it offers promise. Set in one of the Pacific Palisades' most beloved neighborhoods, this property stands as a blank canvas where dreams can take root once again. The surrounding sidewalk streets, dappled with trees and the warmth of ocean breezes, are poised to thrive anew as the community rebuilds and renews its character. Here lies a rare opportunity to design your vision whether a timeless Cape Cod, a modern coastal retreat, or something uniquely your own. This location was once home to a 4,527sqft home and presents an opportunity to build 10% larger. The backyard remains intact, which includes a spa, luxury pool, water slide, waterfall, and poolside fire pit. The generous lot size allows for subterranean parking and a spacious basement level, perfect for an entertainment suite, gym, or home theater; all tailored to your lifestyle. As the Palisades continues to restore its quiet beauty, this property represents a chance to be part of its renaissance to reimagine, rebuild, and rejoin a neighborhood known for its community spirit, natural light, and enduring charm. A foundation for new beginnings where Pacific sunsets and neighborhood walks await once more.

16767 Bollinger Drive, Los Angeles

Listing courtesy of Listing Agent: Nick Collins (nick@theagencyre.com) from Listing Office: The Agency.

$1,300,000
26855117 MLS
Nestled on a prime flat homesite in the lower Marquez neighborhood of Pacific Palisades, 17034 Livorno Drive presents an exceptional opportunity to create a custom residence in one of the Westside's most desirable coastal communities. Formerly home to a residence, this property offers a blank canvas for an owner-user, builder, or developer to design a home tailored to today's lifestyle. Ideally situated, the property combines the tranquility of a residential neighborhood with convenient access to the very best of Pacific Palisades. Just moments from Marquez Elementary School, Palisades Village, beautiful beaches, and the extensive hiking and biking trails of the Santa Monica Mountains, the location offers an unmatched blend of natural beauty and everyday convenience. Enjoy boutique shopping, acclaimed dining, and a vibrant community atmosphere, all within minutes of your future doorstep. Whether you're looking to build your forever home or invest in one of Los Angeles' most sought-after neighborhoods, 17034 Livorno Drive represents a compelling opportunity to bring your vision to life in Pacific Palisades. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information (including square footage) through personal inspections and with the appropriate professionals. Views, if any, are based on current conditions and drone imagery taken at the time of listing. Future construction or development may impact views. Buyer to independently verify. See DOCS for Offer Guidelines and Virtual Tour for 360 spin of lot and potential views.

17034 Livorno Dr, Pacific Palisades

Courtesy of Coldwell Banker Realty, Michael Edlen - CA DRE#00902158

$1,300,000
26855117 MLS
Nestled on a prime flat homesite in the lower Marquez neighborhood of Pacific Palisades, 17034 Livorno Drive presents an exceptional opportunity to create a custom residence in one of the Westside's most desirable coastal communities. Formerly home to a residence, this property offers a blank canvas for an owner-user, builder, or developer to design a home tailored to today's lifestyle. Ideally situated, the property combines the tranquility of a residential neighborhood with convenient access to the very best of Pacific Palisades. Just moments from Marquez Elementary School, Palisades Village, beautiful beaches, and the extensive hiking and biking trails of the Santa Monica Mountains, the location offers an unmatched blend of natural beauty and everyday convenience. Enjoy boutique shopping, acclaimed dining, and a vibrant community atmosphere, all within minutes of your future doorstep. Whether you're looking to build your forever home or invest in one of Los Angeles' most sought-after neighborhoods, 17034 Livorno Drive represents a compelling opportunity to bring your vision to life in Pacific Palisades. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information (including square footage) through personal inspections and with the appropriate professionals. Views, if any, are based on current conditions and drone imagery taken at the time of listing. Future construction or development may impact views. Buyer to independently verify. See DOCS for Offer Guidelines and Virtual Tour for 360 spin of lot and potential views.

17034 Livorno Drive, Pacific Palisades

Listing courtesy of Listing Agent: Michael Edlen (michaeledlen@gmail.com) from Listing Office: Coldwell Banker Realty.

$2,999,999
SR26143364 MLS
Major Price Improvement! One of the few remaining street-to-street view lots above the Alphabet Streets, with FULLY APPROVED RTI PLANS for a 7,756 sq ft home. Positioned to capture unobstructed Pacific Ocean and Santa Monica coastline views, the site presents a blank canvas with the significant advantage of architectural groundwork already completed. The approved plans allow a developer or end-user to move directly toward construction of a view residence with 6 bedrooms, 8 bathrooms, elevator, rooftop terrace, and resort-style outdoor amenities including pool, spa, and outdoor kitchen. RTI plans are approved. Excavation permit is currently in progress with the Bureau of Engineering with a defined path toward clearance underway. Located just moments from Palisades Village, top-rated schools, hiking trails, and the beach, the lot combines peaceful seclusion with exceptional proximity to the best of this beloved community. Surrounded by strong rebuild activity and competitively priced for current land market conditions. Some photos are digital renderings and pictures of a previous home built in 2015 for a reference.

14800 Mc Kendree Ave, Pacific Palisades

Listing courtesy of Listing Agent: Svetlana Yukin (svetlana.yukin@gmail.com) from Listing Office: Rodeo Realty.

$1,895,000
26853677 MLS Paisades Hills BLDG.
With unobstructed, panoramic, gorgeous views of the Santa Ynez Mountain Ridge, the rock formations and the Beautiful Blue Pacific, this 19,840 square foot lot has a large building pad of approximately 10,000 square feet. THE HILLS ARE ALIVE IN THE PALISADES HIGHLANDS! The recovery from the Palisades fire in this area is years ahead of most of the burned out areas in the rest of town. It feels very close to normal living. With the restaurants (Spruzzo, Moku Sushi, Starbucks and Cafe Vida, which is coming soon), there is a strong community feel and the fire is starting to fade into memory as we all heal together. These Monte Hermoso parcels are stepped, which allows for great privacy from adjacent neighbors. The former house was 4,683 square feet plus a 3-car garage. According to the fire rebuild expedited permit policy, a 5,151 square foot main house could be built. A basement plus a 1,200 square foot ADU could be added without effecting the main house. The pool seems to be intact, subject to buyer inspections. The HOA includes the Palisades Hills Rec center, featuring a clubhouse, two tennis courts, a pool and spa, a fitness center, basketball and a children's play area. Also, the Palisades Drive Recreation Association is a neighborhood facility that includes a baseball field, a running track, an outdoor fitness area and a dog park. There are 3 nearby trailheads to the endless hiking and biking trails of the Santa Monica Mountains. The elevation is above the June-Gloom marine layer, creating sunny weather when it is overcast down below. From this location, the mountains and ocean are a visual extension of the indoor/outdoor lifestyle that is extremely peaceful. The proximity to all of the amenities creates a lifestyle that is hard to beat.

16756 Monte Hermoso Dr, Pacific Palisades

Courtesy of Pinnacle Estate Properties, Eric Knight - CA DRE#00977963

$1,895,000
26853677 MLS
With unobstructed, panoramic, gorgeous views of the Santa Ynez Mountain Ridge, the rock formations and the Beautiful Blue Pacific, this 19,840 square foot lot has a large building pad of approximately 10,000 square feet. THE HILLS ARE ALIVE IN THE PALISADES HIGHLANDS! The recovery from the Palisades fire in this area is years ahead of most of the burned out areas in the rest of town. It feels very close to normal living. With the restaurants (Spruzzo, Moku Sushi, Starbucks and Cafe Vida, which is coming soon), there is a strong community feel and the fire is starting to fade into memory as we all heal together. These Monte Hermoso parcels are stepped, which allows for great privacy from adjacent neighbors. The former house was 4,683 square feet plus a 3-car garage. According to the fire rebuild expedited permit policy, a 5,151 square foot main house could be built. A basement plus a 1,200 square foot ADU could be added without effecting the main house. The pool seems to be intact, subject to buyer inspections. The HOA includes the Palisades Hills Rec center, featuring a clubhouse, two tennis courts, a pool and spa, a fitness center, basketball and a children's play area. Also, the Palisades Drive Recreation Association is a neighborhood facility that includes a baseball field, a running track, an outdoor fitness area and a dog park. There are 3 nearby trailheads to the endless hiking and biking trails of the Santa Monica Mountains. The elevation is above the June-Gloom marine layer, creating sunny weather when it is overcast down below. From this location, the mountains and ocean are a visual extension of the indoor/outdoor lifestyle that is extremely peaceful. The proximity to all of the amenities creates a lifestyle that is hard to beat.

16756 Monte Hermoso Drive, Pacific Palisades

Listing courtesy of Listing Agent: Eric Knight (eric@ericknightenterprises.com) from Listing Office: Pinnacle Estate Properties.

$1,850,000
26853649 MLS
Stunning Ocean, Coastline & City Lights Views from this 9,900 SqFt Lot in Pacific Palisades. Nestled on a serene cul-de-sac in the coveted Marquez Knolls neighborhood, this exceptional parcel offers breathtaking views of the Pacific Ocean and its inspiring breeze. Perfectly positioned on an elevated site, the lot presents an outstanding opportunity to craft a custom two-story residence with sweeping ocean views from both levels. The previous home spanned approximately 4,200 SqFt, providing a proven footprint for an inspired new build that maximizes the dramatic setting. In one of Pacific Palisades' most desirable enclaves, this is an incredible value and a rare chance to create your dream coastal retreat. Ready for visionaries and discerning buyers seeking privacy, views, and timeless California living.

1137 Donaire Way, Pacific Palisades

Courtesy of Coldwell Banker Realty, Ali Rassekhi - CA DRE#01183331

Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.