Hiring a Real Estate Agent And Using The Multiple Listing Service • 05.03.06
MLS stands for Multiple Listing Service. You can do a search for MLS.
The MLS is a database – an extremely convenient way to know what properties are for sale at any given moment. This makes it very useful to real estate agents and brokers.
Basically, the MLS is like a huge property warehouse. When a property is available for sale, it enters the warehouse. When it is sold, it leaves the warehouse.
The MLS only contains information since real estate cannot actually be stored in a warehouse. This information comes from the various brokers that exist in the scope of an MLS.
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