What Does MLS™ Mean?

The acronym stand for Multiple Listing Service, but there’s much more to know!

Paperwork on a desk, with a laptop.

Multiple Listing Service

MLS™ is a suite of services that enables real estate agents to establish contractual offers of compensation (among brokers), facilitates cooperation with other broker participants, accumulates and disseminates information to enable appraisals, and facilitates orderly correlation and distribution of listing information to better serve broker’s clients, customers and the public.

A multiple listing service’s database in real estate represents sellers in a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to cooperate with a seller’s broker in finding a buyer for the property or asset.

This means that when a home is listed on MLS™ that any licensed REALTOR™ can show and write an offer on that home for a buyer. You do not have to work with the agent who has the home listed in order to view or buy a property. The agents generally share the commission offered by the seller, and typically the buyer pays no commission fee.

If you are a first-time buyer, please let us be your REALTORS.

I moved to Chilliwack from Ontario 33 years ago with my husband Ian. We raised our awesome kids, two girls (now all grown up) and one son, who is currently in university in Victoria, here, and lived in both Chilliwack and Sardis over the years. We are also enthusiastic grandparents!

Next — Coffee?
Set up an appointment.

We'd love to buy you a coffee.