The MLS stands for Multiple Listing Service – but what exactly is the MLS? Is it nationwide?
First – you have to understand the process that a typical Realtor(R) goes through in order to join the MLS: All states license individuals to conduct Real Estate business in that specific state. Once you have a Real Estate license, you then join the board of Realtors in your area. When you join your local board of Realtors, you must also join your statewide association of Realtors(R) and you must also pay dues to the National Association of Realtors(R). The MLS is a product of your Local Association of Realtors(R). For example…let’s say I just acquired my Nevada Real Estate License… I find my sponsoring brokerage. Let’s’ say XYZ Realty is my sponsoring brokerage. I then go to the GLVAR (Greater Las Vegas Association of Realtors) and join the GLVAR, the Nevada Association of Realtors(R) and the National Association of Realtors(R). I do this all at one time. Once I have joined/payed…I then have access to the GLVAR MLS system. I can post properties for sale or search for properties for sale in this particular MLS. The GLVAR covers all of Southern Nevada.
So what is the MLS – The MLS is a database for Realtors(R) by Realtors(R). It is similar to a private club. Only a Realtor(R) and member of that MLS can access the MLS.
Why is the MLS so powerful? Data – The MLS keeps data meticulously. Realtors(R) have access to sold data, pending data, etc…
What is the difference b/w the MLS and Realtor.com or other sites I see online that say…search the MLS? There is only one MLS and the public can not access it. The MLS does feed data to 3rd party sites like Realtor.com, however, they only feed a portion of the MLS data. You will notice that the MLS does not feed commissions, expiration dates, etc… to 3rd party sites.
How does Congress Realty have access to all of these MLS’s? We join each one individually. We get a license in each state, join each local board, etc… it is a long tiring process to accomplish.
So there is not a nationwide MLS? No, anyone who claims or makes mention of a nationwide MLS is simply lying to you. It doesn’t exist. You can actually verify this statement by calling the National Association of Realtors. There are over 900 local MLS’s across the country right now.
So what is the difference in the Congress Realty website and the MLS? The Congress Realty website is our personal website. It is not the MLS. The our listings tab is a quick flyer view of each of our listings…This does not reflect what the MLS listing looks like. The MLS listing is much much much more detailed.
How do I know my property is listed on the MLS? We send you a screenshot of the listing for you to review and to submit changes to us once the listing is activated on the MLS.
What is the difference in your MLS and the MLS that Remax or Prudential uses? We all use the same MLS locally. There is absolutely no difference.