If you’re looking to sell or buy a home, you’ve probably heard of MLS. But what is this exactly and what does it have to do with home ownership?
MLS stands for multiple listing service, and this is a service real estate agents and brokers use to share property information among other agents. According to Realtor.org, this system started in the late 1880s to help agents sell properties, in a way of “help me sell my inventory and I’ll help you sell yours.”
Because the housing market in competitive, this is a great tool for helping brokers and agents work together to ensure they are giving their clients the best service. Although not all of the information from the MLS is provided to the public, there is some useful information they can share with their clients.
So how does the MLS work? First of all, to gain access to the full database you must be a licensed agent or broker (along with paying for a membership). Once an agent logs in, they are provided with complete information (and photos) along with other data to help their clients find or sell their home.
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