What is the Multiple Listing Service or MLS?

When it comes to buying or selling a property, it is crucial to understand how real estate services work. One of the most important concepts you should know is the Multiple Listing Service, or MLS for short. What exactly is the MLS and why is it so relevant in the real estate world? Keep reading to get clear and practical answers.

 

What is the Multiple Listing Service (MLS)?

The MLS is a collaborative platform used by real estate agents to share information about properties for sale. Instead of working solo, agents can list the properties they represent on the MLS, allowing other agents to access the information and showcase those properties to their clients. In summary, the MLS is a resource that fosters cooperation among agents and enhances the visibility of properties in the market.

 

How does the MLS work?

When a homeowner decides to sell their house and hires a real estate agent, that agent will generally list the property on the MLS. This inclusion in the MLS allows other real estate agents to access details of the property, such as price, location, features, and images. Buyers can also access this information through their agents or property search websites.