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Multiple Listing Service (MLS) (also Multiple Listing System or Multiple Listings Service) is a group of private databases which allows real estate brokers representing sellers under a listing contract to widely share information about properties with real estate brokers who may represent potential buyers or wish to cooperate with a seller's broker in finding a buyer for the property. There is no single authoritative "MLS", and no universal data format. The many local and private databases some of which are controlled by single associations of realtors or groupings of associations (which represent all brokers within a given community or goegraphical area) or by real estate brokers are collectively referred to as the MLS because of their reciprocal access agreements.
Seen most widely in the US and Canada but spreading to other countries in a variety of forms, the MLS combines the listings of all available properties that are represented by brokers who are both members of that MLS system and of NAR or CREA, (the National Association of Realtors in the US or the Canadian Real Estate Association).
The purpose of the MLS is to enable the efficient distribution of information so that, when a real estate agent is introduced to a potential home buyer, s/he may search the MLS system and retrieve information about all homes for sale in a given area or price range, whether under a listing contract by that agent's brokerage or by all participating brokers.
In North America, the MLS systems are governed by private entities, and the rules are set by those entities with no state or federal oversight, beyond any individual state rules regarding real estate. MLS systems set their own rules for membership, access, and sharing of information, but are subject to nationwide rules laid down by NAR or CREA. An MLS may be owned and operated by a real estate company, a county or regional real estate Board of Realtors or Association of Realtors, or by a trade association. Membership of the MLS is generally considered to be essential to the practice of real estate brokerage.
Southern California Realtor George Hartline of 4ghh.com has set up a new site that will allow visitors to search for homes new and old, provides links to the top websites for loan information, and provides news feeds of the top real estate stories in the country. It also provides "video" listings, a relatively new service for selling homes.
As if buying a home in today's topsy-turvy market weren't nerve-racking enough, some online realty services can make the process even tougher with websites that are difficult to use.Enter Movoto.com, an easy-to-navigate real estate search website. The company recently expanded its service to to Southern California. The online company provides ...
WestList.com is southern California's Free Real estate listings, discussion forums and agent directory. Looking for real estate information or an agent? Whether you are a Home Buyer, Seller, Real Estate Investor, or just looking for some real estate advice, you'll find a wealth of valuable resources there.