The MLS was created by real estate professionals as a method to share information about available properties with one another as well as information about the commission that is being offered to the buyers broker. It is the most power tool for marketing residential properties available. The public is unable to list property in the MLS without the assistance of a Real Estate professional who has access to the MLS through their professional licensing.

The definition of MLS according to wikipedia is “A multiple listing service (MLS, also multiple listing system or multiple listings service) is a suite of services that enables 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 multiple listing service’s database and software is used by real estate brokers in real estate, 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 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.”