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The Multiple Listing Service (MLS)
What is the MLS, and how does it work for you? The MLS is a database of properties currently on the market in the area. Brokers participating in the MLS (which includes virtually all Brokers in the area) list all the homes they have for sale and agree to share in the sales commission of the properties. This means that when an agent lists your property on the MLS for you, other agents with potential buyers can show your home, and if they sell it, they are entitled to part of that commission. The big advantage to you, as the seller, is that every single broker and agent participating in the MLS has an incentive to sell your home. This effectively puts every agent in the area to work selling your home! The first place a buyers agent looks is always the MLS. There is simply no better way to gain instant and widespread exposure for your home than listing it on the MLS.
The first thing an agent will do after listing your home is place your home in the MLS. All relevant information about your home, special features and photographs will be included. The MLS is the most effective tool available to get homes sold. It out-performs open houses and advertising. Once it's in the MLS, it usually goes directly to other on-line services, which gives your home even more air-time. Ask your agent for a list of sites that will carry your home.
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