Multiple Listing Service FAQs
Still have questions about what an MLS is, how it works and how it can benefit you? We’ve got you covered with these frequently asked questions.
How can I get access to the MLS?
It’s important to be aware that the MLS isn’t available to the general public. To view and use a MLS, you’ll need a real estate license or to work with a real estate professional. Real estate agents must work under a broker who participates in the MLS they want to access.
MLSs also require users to pay regular dues for continued access.
What is an MLS listing?
An MLS listing is similar to any other standard public real estate listing except for a few additions. A typical MLS listing will include all the basic listing information an agent or their buyer would need to know about a home: price, address, property type, square footage, number of bedrooms and bathrooms, and information about utilities and other basic features.
MLS listings also feature photos of the home’s interior and exterior, along with any notes the listing agent made about the property. These notes can include private comments meant only for other agents, such as showing instructions or information on how to access the property.
What does MLS stand for?
MLS stands for multiple listing service, which is a tool real estate professionals use to view and share information regarding property listings.
What is an MLS number?
The MLS number is the string of digits used to identify each property in the MLS database. Real estate agents and brokers use the MLS number to quickly find individual properties and tell them apart.
What is the main value of the MLS for sellers?
When a seller has their home listed on the MLS, their property will be visible to every other agent and broker who participates in that MLS, significantly boosting their ability to find a home buyer.
In fact, access to the MLS is one of the main benefits for sellers who use an agent. Not being able to list a home on the MLS can be a significant disadvantage for FSBO (for-sale-by-owner) sellers.
Are online listing sites different from the MLS?
Real estate websites (think Rocket HomesSM, Zillow and REALTOR.com) aren’t MLS databases, though they pull their data (with permission) from various MLS feeds across the country. These sites aggregate those listings and make them publicly available.
