MLS stands for Multiple Listing Service. This is the system that real estate agents use to create and share properties for sale.
Though the MLS is often talked about as if it is a single system, there are actually hundreds of MLSs, usually defined by zip codes, county or metropolitan areas. Most homes only fall within the boundaries of a single MLS. Sometimes, there are exceptions to that and agents will post your home in more than one MLS if your property falls within multiple boundaries. Your real estate agent will only post your property within local MLSs.
Only licensed agents or brokers can create a listing in an MLS. HomeRise will act as your listing brokerage in order to post your listing on the MLS. Only one agent or brokerage may post a property on the MLS at a time. This is why the agreement you sign with HomeRise is exclusive.
Publishing your listing on the MLS ensures that it will also appear on all public/third party brokerage websites that your MLS allows (including Zillow, Trulia and Realtor.com). The list may include hundred of other websites such as Redfin, Homefinder, Century 21, and many more. This list varies by state and MLS region, and HomeRise is not affiliated with any of these sites. We can only affect the MLS listing data itself.
92% of all homes sold are listed on the MLS. It is still a critical tool in marketing your home and making sure that your listing receives as much exposure as possible in order to find buyers. For sale by owner listings do not get posted on the MLS.