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The Multiple Listing Service, also recognized as the MLS, is a comprehensive home listing database that enables real estate brokers and agents to work with other clients or buyers to sell homes efficiently. It showcases the largest pool of homes for sale in the marketplace and allows the sharing of listings between agents. To directly access the MLS system, you have to be a state-licensed real estate agent or an affiliate professional. Also, your property will be automatically distributed to different real estate brokerages/portals (Realtor.com, Zillow, Redfin, Trulia). Using a Flat Fee MLS service, however, For Sale By Owner home sellers pay for a pre-set amount of money to list their home on the local MLS without hiring a full-service realtor. For a discounted fee, FSBO sellers can still have control of the sale, save thousands of commissions, and still gain maximum exposure through MLS. A Flat Fee MLS option offers an “Entry Only” service or an “a la carte service agreement” that enables a buyer to accept a flat fee in exchange for listing your property to the Maine MLS.
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