Understanding MLS in Real Estate (1).pdf

In order to facilitate the sharing of information regarding available properties, real estate agents who work together establish and manage multiple listing services and flat fee MLS. Information that is useful to potential buyers often includes the asking price, number of bedrooms and baths, square footage, and other comparable metrics.

1. UNDERSTANDING MLS IN REAL ESTATE
THE ROLE AND BENEFITS OF
MULTIPLE LISTING SERVICES
WWW.LISTEDSIMPLY.COM

2. WHAT IS MLS?
MLS stands for 'Multiple Listing
Service'
- Key term in real estate transactions
- Used by real estate agents and
brokers
- Connects with potential buyers

3. MLS AND ITS ROLE
IN REAL ESTATE
Facilitates information sharing about
properties
- Managed by real estate agents who
collaborate
- Contains key details like price, bedrooms,
baths, square footage
- Regional databases interconnected
nationwide

4. KEY FUNCTIONS OF THE MULTIPLE
LISTING SERVICE
Realtors can list homes accessible to
other agents
- Viewing property details: photos, price,
location, features
- Helps agents find suitable homes for
buyers
- Provides information on recent sales
for pricing strategies

5. BENEFITS OF JOINING
LOCAL MLS
View listings from other brokers
- Access recent sales data for market analysis
- Determine realistic asking prices
- Report sales and contract details to MLS

6. ENSURING UP-
TO-DATE
INFORMATION
- Listing agents report sales and contracts
- Agents' market outlooks influence property
values
- Quick updates ensure accurate information
- Private networks, registered agents, and
brokers only

7. PUBLIC VS. PRIVATE
MLS DATABASES
MLS databases
are primarily
private
Registered
agents access
detailed
listings
Some MLS
networks make
partial
information
public
Ensures
brokers and
agents stay
informed

8. SUMMARY OF
MLS BENEFITS
- Centralized property listings improve market efficiency
- Access to MLS is a major advantage for licensed agents
- Enhances matching buyers and sellers
- Flat Fee MLS Listing enables agent collaboration

9. THANK YOU
800-995-5879
9920 Pacific Heights Blvd., Ste 150, San Diego, CA 92121
www.listedsimply.com