What is MLS?
In the United States and Canada, the real estate industry is fragmented. Moreover, there is no central authority overseeing property listings. Instead, each individual real estate association representing a small coverage area maintains an electronic database of MLS listings in that area.
Multiple Listing Services providers manage and maintain these databases. They are often separate entities with their own staff and resources. Consequently, there are hundreds of them around the United State and Canada. Sometimes an MLS represents several real estate boards in a certain area.
Multiple Listing Services create a platform for sharing real estate data between agents and brokers. In order to access an MLS, you must be a member of the related real estate board. However, Multiple Listing Service provides usually charge additional fees for providing the data feed to their members.