A Multiple Listing Service (MLS) is a database that real estate agents use to share information about properties they have listed for sale. It's a cooperative system where members agree to share their listings with each other, which helps buyers find more properties and sellers reach a wider audience.
Key features of an MLS include:
Property listings: Detailed information about properties, including address, price, square footage, number of bedrooms and bathrooms, and photos.
Agent information: Contact details for the listing agent and their brokerage.
Property history: Information about previous sales, assessments, and tax records.
Benefits of MLS for buyers and sellers:
Increased visibility: Sellers can reach a larger pool of potential buyers through the MLS.
Efficient search: Buyers can easily search for properties that meet their criteria.
Standardized information: The MLS provides a consistent format for property listings, making it easier to compare properties.
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