Overview of MLS Listings

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GreatHomeListings aggregates the finest homes for sale by extensively compiling home listings across thousands of cities in the US. GreatHomeListings helps home buyers find the best homes for sale across the US.
With a combination millions of FREE listings comprising of Homes For Sale, Houses For Sale, Condos For Sale, MLS Listings, Bank Owned Homes, Cheap Condos, Cheap Homes, HUD Housing, REO Listings, Real Estate Agents/Brokers and other real estate related properties, GreatHomeListings provides a comprehensive list of real estate listings that covers millions of home listings in the US.

In the nineteenth century, real estate brokers used to gather at the real estate association offices and talk to each other about the properties each of them had for sale. From these discussions, agreements were made for compensating each other for finding buyers for each other's properties. This is how multiple listing services began. Today, of course, technology has greatly improved the service which began in a room filled with smoke and spittoons.

     When a real estate broker obtains a listing contract from a seller, the broker places the information into a database that is shared by every broker and real estate agent in the area who is a member of the MLS, or Multiple Listing Service. By doing this, the listing broker is offering any member the opportunity to sell the property, and receive as compensation, a rate of commission, stated in the listing information. Besides serving as a means of agreement between brokers, the database is also searchable, and an invaluable tool for any real estate professional.

     A Multiple Listing Service contains hundreds of fields of information that the trained real estate professional can use to find home or other properties that fit the widely varying needs of their clients. Some real estate companies have websites that allow the public to view a very limited version of the listings available on MLS. The prospective buyer has to contact a real estate professional to obtain further information about any properties that interest the client.

     The obvious benefits of using a multiple listing service cannot be argued, and there are currently over eight hundred multiple listing services in the United States. More than half of all buyers used a multiple listing service in their property searches, according to a study done in 2007. Multiple Listing Services are an excellent example of how collaboration and networking combine to create a successful business model.

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Overview of MLS Listings

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