Understanding the MLS

By ProVisor

The MLS (Multiple Listing Service) is a member organization that compiles real estate information and tracks the status of individual property listings and area real estate markets.

Direct access to the MLS is limited to members, although much of the data is made available to the public through real estate professionals’ websites and services.

The internet has spawned property listing sites for owners and others, yet the MLS has remained the industry’s dominant listing provider. The MLS generally maximizes a property’s exposure in the marketplace. Sellers who use the service may sell sooner and/or at a better price. For buyers, the MLS can provide access to more properties that fit specific criteria, needs or desires.