Real Estate Terms: What is the MLS?

The MLS, or Multiple Listing Service, is the database managed and maintained by the local board of REALTORS ®. When your agent lists your property, she inputs all the information into that database. The New Hampshire Association of Realtors ® syndicates that database to only certain providers – like Realtor.com. This is why when you search for property on Zillow and call your agent about it, she may tell you that property is no longer available. Even Realtor.com experiences a delay from the official MLS to what it shows as available or not. For example, if the listing agent marks the property in the MLS as under contract, it could take hours or longer for the syndicated sites to catch up with that update. When you want current listings, contact your agent, or visit her website for active listings. Your agent has direct access to the MLS and her website uses a database feed (called IDX) – she has the updates in real time. Or, if you can’t wait, use Realtor.com as your go-to public database.

And come back to The BHG Milestone Team blog to learn more helpful terms to enhance your real estate adventure!

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