Know what is the multiple listing service or MLS
The multiple listing service or MLS (for its initials in English) is the official service of the Florida Association of Realtors, in this service the real estate agents register all the real estate and properties that are available in the real estate market of Florida. Florida, either for sale or rent. Over the years, this service has become the 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 in the market, without having to limit themselves only to the inventory of properties that their real estate broker manages, this also allows you not to have to go to other real estate agents and spend more money. . All of them have the same access to the MLS and therefore to the same information about the available properties.
The MLS enables targeted searches as agents enter criteria that match their customers’ needs. An example is this can 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 can 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 adjusts to 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 offer for it immediately. This is why it is essential to have an experienced real estate broker when entering this broad market.
When the client chooses a property, her agent will contact the broker who has captured it, to make an appointment to show it.
Every time a property is sold or rented and the process is closed, the system records and files the data, allowing comparisons to be made with them and knowing, for example, if the price of a property corresponds to what the market dictates, or helping to the owners of the same, to set a fair price for their property.