What is an MLS?
MLS is a database owned and managed by real estate agents and their regional trade associations. As a real estate tool, an MLS is a primary channel for posting listings among agents and brokerages. A listing agent and broker enters data about a particular home for sale into the MLS, and in so doing, gives other agents and brokers the authority to bring in buyers in exchange for a share of the commission.
Think of the MLS as a sort of property ‘warehouse.’ When a property is made available for sale, it goes into the warehouse inventory. When it gets sold, it gets taken out of the inventory. Since the property can’t actually be stored in this warehouse, the MLS contains only details that relate to the property. Read more from this blog: http://bit.ly/2lJMcxb