A lot of people have heard of the acronym “MLS” but not many people understand what it is. The MLS stands for “Multiple Listing Service” and is essentially a database. This database is where ALL agents from ALL brokerages put their listings for sale. This includes new construction, resale homes, land, commercial, foreclosures, multi-family, rentals, and more. Once in this database, the property is automatically blasted out to all of the mass market home shopping websites across the country.
More importantly, it is the PRIMARY way that real estate agents search for homes for their buyer clients, determine value for their seller clients, and research a properties history, such as flooding, termites, or other historical problems. Your home will be marketed to all agents and brokerages in the region through this database.