What is the purpose of MLS?

The purpose of the Multiple Listing Service (MLS) is to serve as a comprehensive database of property listings where real estate professionals can share information about properties for sale. This system allows agents to collaborate and access a wide array of listings, thereby increasing the visibility of properties on the market. By pooling resources, MLS enhances the efficiency of real estate transactions, making it easier for buyers to find suitable properties and for sellers to reach a larger audience.

This mechanism promotes transparency and provides essential details such as property descriptions, pricing, and availability, which all parties can utilize to make informed decisions in the real estate market.