The data in a multiple listing service (MLS):
A)eliminates the need for a real estate agent.
B)is accessible to the buyers and sellers directly.
C)includes the entire ownership history of the listed properties.
D)deals only with undervalued properties that are authorized by the government within a geographic location.
E)consists of a comprehensive listing of properties for sale in a given community area.

Question

Quizplus · Accepted Answer

The data in a multiple listing service (MLS) consists of a comprehensive listing of properties for sale in a given community area. The purpose of an MLS is to help real estate agents share information about properties with one another, making it easier for buyers and sellers to connect with agents who can help them buy or sell a property. The MLS is not accessible directly to buyers and sellers, and it typically does not include the entire ownership history of listed properties. The MLS also includes properties at fair market value, not just undervalued properties authorized by the government.

The Data in a Multiple Listing Service (MLS)