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An MLS or also called as Multiple Listing Service is a database of real estate property listings that makes home selling and buying an efficient transaction for real estate brokers, agents, and homeowners. With over 800 regional MLSs in the country (and each MLS is geographically based), most homes for sale get a wide market reach to qualified buyers. Most local MLS will also distribute your property to Realtor.com, Zillow, Trulia, Redfin, and other several brokerages/portals. You can only access the local MLS through hiring a state licensed real estate agent or pay for a flat fee to list your home. That’s why most For Sale By Owner sellers—or homeowners who want to sell their house without using a realtor—choose a Flat Fee MLS service to save thousands of commissions. Rather than paying the 5 to 6% commission of full-service, FSBO sellers choose a discounted fee to list their homes on the local MLS while having complete control of the sale.
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