Florida MLS :: Florida Multiple Listing Service
Florida MLS :: Florida Multiple Listing Service
Florida MLS :: Florida Multiple Listing Service
MLS stands for Multiple Listing Service.
Basically, the Florida MLS is a big property warehouse - sort of like a "a Florida home depot of Florida homes." When property is available for sale, it goes in the warehouse. When it is sold, it gets taken out of the warehouse.
Since Florida real estate cannot actually be stored in a warehouse, the Florida MLS only contains information.
So the Florida MLS hub is actually a database of Florida homes for sale- an extremely convenient way to know what is available for sale in the Florida real estate market. That is why Florida real estate agents developed the Florida MLS hub. Quick knowledge of Florida home inventory made Florida real estate agents more productive.
www.FloridaMLShub.com
The Florida MLS is consistently evolving:
Since developing and maintaining the Florida MLS system wasn't free, Florida real estate agents created local "Florida MLS Associations," required membership, and charged each other annual dues (plus additional fees) so that they could pay for the necessary staff and materials to make it work.
In the really olden days, Florida real estate agents submitted listings to their local association and the Florida MLS staff compiled the data on what was available for sale and what had been sold. Once a week Florida MLS members received a book that showed all the current listings.
Then (in the "merely" olden days) computers came along and made it easier to create the Florida MLS listing books. When modems came along the books were no longer necessary, though it took agents awhile to adjust. Florida MLS members could now "dial in" directly to the computer.
Finally, along comes the information age -- and the Internet.
Beginning in 1995, some property information from the Florida MLS was placed on the web. It isn't as current as dialing directly into the computer, and information on the web does not contain all the Florida properties available in the Florida MLS. Plus, there is no national MLS or database. Information you find on the web is compiled from local and regional MLS systems, not all of which participate on the web to the same extent.
Why the Florida MLS works for home sellers:
The whole MLS idea is a boon to Florida sellers because of "supply and demand."
How can you, as a Florida home seller, get access to the largest number of buyers? Placing an ad in a newspaper? Or putting your Florida home information into a computer accessible by every Florida MLS member who will show your property to their qualified buyers in your price range?
Being placed in the Florida MLS expands a home seller's sales force, exposes the property to a larger pool of prospective Florida home buyers, and creates more demand for the property. The higher the demand, the more pricing power enjoyed by the homeowner - and the quicker a home will sell.
Why the Florida MLS works for Florida home buyers:
The Florida Multiple Listing Service AKA Florida MLS, also Multiple Listing System or Multiple Listings Service is a suite of services that enables Florida real estate brokers to establish contractual offers of compensation (among brokers), facilitates cooperation with other broker participants, accumulates and disseminates information to enable appraisals, and is a facility for the orderly correlation and dissemination of listing information to better serve broker's clients, customers and the public. A Florida MLS database and software is used by real estate brokers in real estate other industries for example, representing sellers under 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. The Florida mls listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.
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