What is the multiple listing service or MLS?
The multiple listing service or MLS (for its acronym in English) is the official service of the Florida Association of Realtors, in this service real estate agents register all the properties and properties that are available in the Florida real estate market. Florida, either for sale or rent. Over the years, this service has become the go-to property sales history database with more information than even public records.
Today we will explain how the MLS works:
Those who wish to buy or rent receive a list of all the units available on the market, without having to limit themselves only to the inventory of properties managed by their real estate broker, this also allows them not to have to go to other real estate agencies. real estate agents and spend more money. . All of them have the same access to the MLS and therefore to the same information about available properties.
The MLS allows for targeted searches as agents enter criteria that match their customers’ needs. An example of this could be: number of rooms, price, city, type of property (house, apartment, townhouse, commercial premises, among others). This is a list that is managed purely electronically.
In addition, through this you will be able to receive updates when new properties are published that have the search criteria that were established by you or your real estate agent, in this way you will ensure that what is offered in the MLS meets your needs.
An interested client can receive information about a property at the same time it goes on the market and if the property is to their liking, they can bid on it immediately. This is why it is essential to have an experienced real estate broker when entering this vast market.
When the client chooses a property, his agent will contact the broker who acquired it, to make an appointment to show it to him.
Every time a property is sold or rented and the process is closed, the system records and archives the data, allowing comparisons to be made and knowing, for example, whether the price of a property corresponds to what the market dictates, or help their owners set a fair price for their goods.