The data in a Multiple Listing Service (MLS):
A) eliminate the need for a real estate agent.
B) are accessible to buyers and sellers directly.
C) include the entire ownership history of the listed properties.
D) deal only with undervalued properties that are authorized by the government within a geographic location.
E) consist of a comprehensive listing of properties for sale in a given community area.

Question

Quizplus · Accepted Answer

MLS data contain a comprehensive listing of properties for sale in a given community area, which helps both buyers and sellers to stay updated about the current real estate market. While buyers and sellers can access the MLS data, they still need a real estate agent to help them navigate the buying or selling process. The MLS data may include some ownership history, but this is not its primary focus, and it does not deal with undervalued properties authorized by the government.

The Data in a Multiple Listing Service (MLS)