Nationwide Multiple Listing Service Map

Multiple Listing Services Basics

Multiple Listing Services (MLS), are multi-broker organizations that promote property listings, and are part of the real estate industry. They facilitate cooperation between sellers’ and buyers’ brokers across North America, as well as other regions. The National Association of Realtors(r) shows that more than 80 percent of all homes in the U.S. are listed on the MLS.

MLSs are essential to ensuring consumers have a transparent and competitive marketplace. These details are hidden beneath the superficial internet advertising most people see. This guide answers common questions about the MLS, its brokers, consumer clients, and the technology that allows for the MLS marketplace.

What is an MLS?

Multiple Listing Service is an association of brokers. An example is the New York MLS It sets forth rules for collaboration in selling and sharing listings. An MLS broker agrees to sell listings for other brokers. Brokers agree to do the exact same in return.

Uniquely, MLS requires that all competitors cooperate in order to close successful transactions. This provides great benefits for consumers buying and selling real estate. A technology platform today is built on the foundation of the broker cooperative or MLS organization.

How many MLSs are there?

There are 597 MLSs across the United States. This number decreases each year due to consolidation of regional MLSs.

How can I list my home on the MLS?

A real estate broker can help homeowners list their home on the MLS. Only brokers who are members of the MLS can list properties. However, there are agents who offer limited services like just listing it on the MLS.

Why should I list my home on the MLS?

The MLS exposes a listing to the marketplace and brokers who may be working with buyers in search of this kind of property. This also includes the homes getting on major real estate marketplaces like Zillow, Realtor and Trulia. Even listings that need privacy can exclude the address yet still be delivered to the MLS’s brokers for more discreet exposure to potential buyers.