What is the MLS?
The MLS is an extensive database of property listed by Realtors. When a potential buyer contacts an agent to shop for a home, the agent will search the MLS for properties meeting their criteria. By listing your home in the MLS – agents will show your property because a ‘co-op’ (commission) will be paid to them at closing. To gain the greatest exposure you need to be in the MLS.
A. MLS stands for “Multiple Listing Service.” Any real estate agent that is a member of the MLS may assist a purchaser in all aspects of the sale of any property that is listed in the MLS. In other words, a property that is listed with Company A may be sold by one of the agents from Company B. A person wanting to buy the property listed with Company A does not have to go through Company A to make an offer on that property.
MLS stands for Multiple Listing Service. It is the database that real estate brokers use to pool their listings and establish procedures for sharing commissions. To input listings, you must be a licensed member of the local association of Realtors. MLS members cooperate by showing and selling the homes listed by other members, for which they receive a commission for bringing the buyer to the seller. The commission amount offered to the agent who brings the buyer is almost always listed (usually required by the MLS) along with the detailed information about the home and picture(s). The MLS is the primary tool agents use to find a property for buyers. Over 80% of buyers use an agent to help them find properties (especially the most motivated buyers: relocations, pre-approved, etc.). The MLS is not available to the public, only MLS members can view the MLS listings. In recent years, most MLS systems have distributed some listing information to websites like Realtor.com and allowed MLS mem
