What Is MLS (Multiple Listing Service)?
The term MLS (Multiple Listing Service), is used commonly in today’s real estate market, but the benefits to buyers and sellers may not be fully appreciated.
How MLS Benefits Buyers:
Buyers benefit greatly through the MLS system as it is no longer necessary for you to work with many different companies or agents. Any salesperson within the MLS has access to all of the properties listed. Consequently, a buyer can form a closer relationship with one trusted salesperson and depend on that agent to provide full market coverage and service. Through the MLS, that salesperson can provide information on all listed properties and show them to their clients.
How MLS Benefits Sellers:
MLS now allows real estate companies to agree and share their listings with other companies. Any salesperson within the MLS has access to all of the properties listed therein. As a result, you, the seller benefits from wider exposure to sell your properties.