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  Multiple Listing Service-MLS


The Multiple Listing Service

Even before the sign is up and the brochures are ready, your agent
should list your property with the local MLS (Multiple Listing Service).
The MLS is a database of all the homes listed by local real estate
agents who are members of the service, which is practically all of the
local agents.

Important information about your property is listed here, from general
data such as square footage and number of rooms, to such details as
whether you have central air conditioning or hard wood flooring. There
should also be a photo, and a short verbal description of what makes
your house "special."

Agents search the database for homes that fit the price range and
needs of their clients. They pay special attention to homes that have
been recently placed on the market, which is one reason you get a lot
of attention when your house is first listed. Many agents will want to
preview the home before they show it to their clients.

The main point about having your house listed in the MLS is that you
expand your sales force by the number of local MLS members. Instead
of having just one agent working for you, now you may have hundreds
or more, depending on the size of your community.

The listing agentís main job to make sure that the other MLS members
know about your house. This is accomplished through listing your
house in the Multiple Listing Service, broker previews and advertising
targeted toward other agents, not homebuyers.

copyright 2000 by Terry Light and RealEstate ABC, revised 2002

 

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