What is MLS? - Real Estate How To

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What is MLS?

MLS is a database and system used by Realtor® to find exclusive information on comparable sold, active and expired properties, retrieving sold prices, list price and average time on the market. Additionally, the MLS system can narrow down searches by reflecting on a buyer’s criteria, which can save time from viewing properties not suitable to what the buyer wants and needs. For example, detailed information can be searched in regards to: the number of bedrooms, bathrooms, fireplace, pool, laminate floors, granite counter-tops, deck, etc.  You can also ask your Realtor® to register your email for MLS notifications when new homes for sale matching your criteria go up on the market. With this exclusive database, the information provided to a Realtor® will allow sellers and buyers to get what they want at the most proficient price.

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Real Estate How To. By various authors, expert in Real Estate Industry of Canada.