What Is the Multiple Listing Service?
The real estate market is competitive, and the business is unique in that competitors must also cooperate with each other to ensure a successful transaction. Multiple Listing Service (MLS) systems facilitate that cooperation.
The MLS is a tool to help listing brokers find cooperative brokers working with buyers to help sell their clients' homes. Without the collaborative incentive of the existing MLS, brokers would create their own separate systems of cooperation, fragmenting rather than consolidating property information.
Read more about the MLS Here