Real estate 101: What is the MLS?

By
Real Estate Sales Representative with Keller Willaims NJ 8736639

The acronym "M.L.S." is an everyday term in the real estate industry. So what exactly is the MLS? On a basic level, the MLS is database of all of the properties available for sale and represented by a real estate agent in a given area. You will find most properties for sale in Wayne New Jersey along with its neighboring towns listed in the Gardens State MLS.

 

The MLS also creates the framework by which agents agree to cooperate and compensate one another. There is also a high level of supervision by the system administrators, which provides accuracy and professionalism, reducing fraud. With the emergence of search sites like Zillow, Trulia, and Realtor.com, the consumer has been empowered with valuable information, which is important. The key thing for home buyers and sellers to know is that these sites don't always have the most up-to-date or accurate information.

If you are thinking of selling you will get the most exposure possible by being represented by an agent, who will place your home on the MLS.

Comments (2)

David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Dolores,
If sellers could see just how much we use the various features of the MLS and how we do drip emails to prospects or email prospects houses we have found, they would appreciate what a vital tool for sellers, the MLS really is.

Oct 31, 2015 01:31 PM
Dolores "Dee" Mauriello
Keller Willaims - Wayne, NJ
Realtor, Homes For Sale Wayne NJ

David you are so right it is a valuable tool for the seller and for the agents as well.

 

Nov 02, 2015 09:31 AM

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