What is the (MLS) Multiple Listing Service and why would I want to use it?
The Multiple Listing Service, also known as the MLS, covers a specific geographic area and is a member only system containing local real estate sales and market analysis, public and tax records, and most importantly used to MARKET, ADVERTISE and uniformly NOTIFY other members that a home or property is for sale. REALTOR® members working with homebuyers are either notified or search the MLS system to find homes that meet their clients needs. Studies and statistics show that homes listed on the MLS sell much faster than any other form of advertising. However, when working with a “traditional” REALTOR®, the homeseller must agree to pay a sales commission (averaging between 5%-6% of the sale price) to list with the REALTOR® and place the home in the MLS system. In turn, the homeseller’s REALTOR® offers to split the commission with the homebuyer’s REALTOR® upon presenting a ready, willing and able homebuyer to the homeseller. This “traditional” method of real estate transaction is still use
