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What is the MLS? |
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MLS stands for
Multiple Listing Service,
which is the database/system where real estate brokers pool their listings and establish policies and procedures for cooperation and compensation. These listings also serve as “inventory” from which they use to sell from
(hence, the reason you would like your home to be on it). Only dues
paying members have access to, and are able to place your home on these databases. Once on the MLS, your home will also appear on the highly trafficked website:
Realtor.com, and can be found from other sites like AOL.com and MSN.com. The Metro Detroit MLS Systems Realcomp
and MiRealSource are the two MLS systems that serve Metro Detroit and surrounding areas.
Advantage of Listing on the MLS Metro Detroit MLS Means More Exposure! Many buyers use real estate agents and these agents use the MLS as a primary tool to find homes for their buyers. Enjoy the benefits and cost savings inherent in the “By-Owner” method, while at the same time give your home the additional exposure of the MLS. Sell through the MLS system - pay only 3.5% commission. Sell By-Owner - pay NO commission. Either way, the paperwork and closing are handled for you. |