The Multiple Listing Service, also recognized as the MLS, is a top comprehensive database of home listings that aims to make the home selling and buying transactions efficient. With over 800 individual MLSs in the country (geographically-based), it’s a powerful portal that helps real estate brokers and agents post homes for sale, update property details, and associate with other realtors. Moreover, your listed home will also be distributed to Zillow, Redfin, Trulia, Realtor.com, and other national websites. Only a licensed real estate broker who is a member of the local MLS can list a property or access the system. In order to save thousands while still having control of the home sale, most For Sale By Owner sellers pick a Flat Fee MLS service. FSBO homeowners want to sell their property without assistance from a real estate agent. Using a Flat Fee MLS option helps them list their home on the local MLS for a pre-set fee. In other words, you still have the right to sell the property yourself without paying a full commission, which is usually 5 to 6% of the final sales price.