What is MLS ?
A multiple listing service is a suite of services that real estate brokers use to establish contractual offers of compensation and accumulate and disseminate information to enable appraisals. A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. An MLS allows brokers to see one another’s listings of properties for sale with the goal of connecting home buyers to sellers. Under this arrangement, both the listing and selling broker benefit by consolidating and sharing information, and by sharing commissions.
Benefits of Multiple Listing Services
Multiple listing services provide the selling broker more exposure while providing the broker representing the buyer with more options. In return, both the brokers receive a commission on the sale. These services also level the playing field by allowing small and large brokerages to compete with one another.
Some brokerages will cover the MLS fees as part of a package of perks to attract agents. But most require the agents to pay the fees themselves. Because most MLS only grant access to licensed agents, you also have to consider the fees you pay to your local real estate board as part of your total cost.
Some Tips for Selling
- Ensure a quick sale. …
- Take great photos. …
- Clean everything. …
- Depersonalize the home. …
- Let the light in. …
- Make your home available. …
- Set the right price. …
- Remove excess furniture and clutter.