How Do MLS Numbers Work?
Multiple Listing Services Real estate professionals established the Multiple Listing Services (MLS) to help market property listings. The service began in the late 1800s when real estate brokers gathered together and agreed to offer compensation to other brokers who brought buyers for their listings. It was a cooperative effort between the brokers, where they agreed to help one and other sell each other’s listings. Local MLS Multiple Listing Services are typically locally based, servicing a specific region or area. When a member of the service includes a listing on the MLS, it enables the listing to be viewed by other members of the service who may have a buyer for that type of property. A MLS number is assigned by the local Multiple Listing Services, and typically is assigned in chronological order. For example, it is fair to assume a property with a lower number, in the same Multiple Listing Services area as a listing with a higher number, was listed first. If a property listing expi
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- How Do MLS Numbers Work?
