What is an MLS, or Multiple Listing Service?
It's a cooperative organization made up of real estate brokers, with homes, land and commercial properties for sale in a certain area. The MLS is set up to provide certain rules and standards of cooperation among the brokerages. Oregon has several there are three larger MLS that include the Regional MLS or RMLS, Central Oregon Association of Realtors or COAR, and the Willamette Valley Association of Realtors or WVMLS.
The Cascade Realty Solutions team belongs to a total of 4 MLS in Oregon giving your property more exposure in Oregon than an agent, Realtor, or brokerage that just has one or two MLS designations. This is just one more way we do more for you as a seller. As a Buyer, this gives our customers more availability of inventory and the advantage of learning about properties that may be coming soon and that are not on the market yet. Let’s learn more about the MLS.
The activities of the MLS include:
development of standards for property listings and marketing;
providing a cooperative commission-sharing structure among brokers;
publishing online and printed listing compilations for brokers;
an association to enforce rules, ethics and hear complaints of the public; and
foster sharing of full listing information for the benefit of both buyers and sellers.
What does all this mean to you, an owner who wishes to sell their land or home? It means quite a lot. Usually, hundreds to even thousands of real estate agents and brokers are members of a local MLS. All of these members make their living brokering real estate. The MLS is their system for sharing information efficiently and quickly. It's all built from the ground up to bring together sellers and buyers. Since its inception, there has never been a more efficient method devised to accomplish this mission.
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