MLS® What Is It And How Is It Used?

Like other professionals, a REALTOR® is as good as the information at his or her disposal.

The Multiple Listing Service® is a co-operative system used by REALTOR® Members of Canada’s real estate boards. It is different than other consumer websites which only offer a brief description of most and not all properties listed on MLS® Systems.

The Toronto Real Estate Board’s Multiple Listing Service® System provides an ongoing inventory of available properties and other related information. With training, experience and access to this database, a REALTOR® can provide invaluable assistance in buying or selling your next resale home.

For Sellers, a REALTOR® can use the system to determine a fair listing price by performing a comparative market analysis. This analysis focuses on the geographical location of your property and describes it as accurately as possible. The database can then be searched to reveal comparable sold, active and expired properties, retrieving information such as sold price, list price and average time on the market to help determine a range of fair listing prices.


For Buyers, a REALTOR® can match your very specific needs to all properties listed.

Your REALTOR® can create a profile outlining your desired price range, location and specific details like the number of bathrooms, bedrooms and fireplaces. For buyers who are geographically focused, your REALTOR® can even search all active listings on a particular street and retrieve all relevant information including property description, a photograph, and assessed value.

The MLS® System updates nightly, listing all potential properties that meet your particular needs and automatically emails them to you if you request this method of being updated on market availability. In helping you to determine an offer, your REALTOR® can also search specific properties historical data such as previous selling prices.

As well, the MLS® System allows REALTORS® to monitor monthly sold statistics to ensure property prices reflect current market conditions. Whether you are a buyer or a seller, the MLS® System supports your REALTOR® in helping you make informed decisions that lead to successful transactions.

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