The most reliable source of real estate information

Housing market information orginating from the Multiple Listing Service (MLS) has long been recognized as the most reliable and comprehensive data available for those looking to buy or sell a home.

The strength of this more than 60 year-old system rests in quality and accuracy of the information. Government, economists, financial institutions, appraisers and others rely on the MLS data.  This is because REALTORS who submit the listing information, and the MLS staff at the real estate boards who conduct quality control, are trained and educated in the complexities of real estate.

"Using the MLS gives unmatched exposure to properties for sale," says Rosario Setticasi, president of the Real Estate Board of Greater Vancouver.  "If you're selling your home, a listing on MLS will be shared with other REALTORS for the broadest distribution possible.  If you're buying a home, MLS will have the largest pool of homes to choose from."

"The MLS also serves as the foundation of our property taxation system by providing reliable information, backed by professional accountability, to government bodies responsible for assessments in our province," Setticasi said.

REALTORS know how to describe a property accurately and what information must be disclosed in an MLS listing.  For instance, if there is a restriction on the use of a property, something called an easement, this information must appear in the MLS listing.

Many alternate systems and services exist to buy and sell homes and they all compete for customers. The MLS is the REALTOR option.

HOW DOES IT THE MLS WORK? .....Read More

Source of Text:  Vancouver Sun

Source of Photo: Canadian Real Estate Association

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