Video Dictionary Blog (vlog) by REALTOR® JenKlein – Defines MLS- Mulitple Listing Service
Real estate agents often use acronyms which may be foreign to home buyers and sellers. The Multiple Listing Service is essentially a database of homes on the market accessible to only licensed agents. It is the most accurate and up to date, real time status information on homes for sale. Often times there are confidential remarks listed by the listing agent to give potential buyers’ agents insight on financing options perhaps or other relevant information.
MLS or Multiple Listing Services can also provide past sales history in regards to what types of financing a buyer used to purchase the property, were there credits etc. All of this information can prove useful, when looking to buy or sell your home. The MLS is not state wide. Although it is expanding into other counties it is not state encompassing. So, we may be able to obtain information of homes for sale in Southern California, it may limited. The same may fall true with certain homes in the Bay Area. Occasionally you will need to pay an extra fee to their “Board” in order to participate in their information system.
MLS Defined by Investopedia “A service by a group of real-estate brokers. They band together to create a service that allows each of them to list each other’s houses. Under this arrangement, the listing broker and the selling broker split the commission for each sale.”
For more information about the MLS, Multiple Listing Service or Metrolist, please CALL or TEXT Jennifer Klein today at 916-230-3880 or email Jen@JenKlein.com. For more information check out www.JenKlein.com.
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