Terms and Conditions of Use
Read our "Legal Disclaimer"
This Multiple Listing Service, or the MLS as it is also referred to, is how Brokers share properties for sale with each other. They offer Brokers with buyers (buyers Broker) a cooperating commission, typically about half of the 5-6%. This offer of a cooperating commission is binding - thus ensuring that the Broker bringing the buyer gets their fair compensation. Once the property is listed on the MLS, the buyer's Broker is sure that they will get compensated.
REALTORS typically charge 5%-6% for marketing your property - including an MLS listing. They usually share half of that commission with the Brokers representing the buyer.
The MLS is essentially a private database accessible ONLY by the member REALTORS. The MLS listing is the Broker's property who lists it (MLS Listing Broker). The public has no access to the official MLS System and cannot see the official version of the MLS listings. However, many MLS Associations have public websites where the public can view parts of the information contained in the official MLS listing. But only the member Brokers can view ALL the information in the MLS listings; the public only gets to view the limited information which the particular MLS decides to display to them.
None of the Public MLS Listing websites allow the owner's name or contact information to be displayed to the public - since they do not want buyers calling owners directly. They want buyers to call their member Realtors. In addition to deciding what information is displayed to the public.