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The Multiple Listing Service (MLS®)
The Multiple Listing Service® (or MLS®) system is an information-sharing and cooperative marketing network created by REALTORS® several decades ago to help the public buy and sell homes. While it is computer-based today, it began as an exchange of paper listing information and photographs.
The MLS® mark symbolizes the cooperation among REAL TORS® to effect the purchase and sale of real estate, and is much more than a database of property information. The Canadian Real Estate Association owns the MLS® trademark, and licenses its use to Boards and Associations across Canada. MLS® systems are local, member-based services; Ottawa's MLS® system is paid for by the REALTOR® members of the Ottawa Real Estate Board or OREB and is administered by Board staff.
Only REALTOR® members of CREA can list properties on their local MLS® system, making it a service that only a REALTOR® can offer you. Portions of listings are uploaded to web sites such as OttawaRealEstate.org and Realtor.ca. The Realtor.ca web site is not an MLS® system, and does not display all of the listing information associated with a property in the local real estate Board's database.
Whenever a home that meets those criteria is listed on the MLS® system, you will receive an email containing information about the property, so that if you're interested, you can call your REALTOR® to view it.
The MLS® listing provides your REALTOR® with detailed information such as room dimensions, estimated property taxes, inclusions such as appliances, renovations, and the sales history of the home. He or she can also use the MLS® system to compare the asking price of a property with homes that have recently sold in that area. Because the MLS® system is a cooperative marketing network of REALTORS®, no matter who listed the home or what brokerage they work for, if the house meets your criteria, your REALTOR® can schedule an appointment for you to view it.
Selling a Home
When you list your home for sale with an Ottawa REALTOR®, it will be viewable not only by REALTORS® who work at the same brokerage, but by other REALTORS® in your area and across Canada. Your property will be seen by many more people than if your REALTOR® had simply put a sign on your lawn. Someone looking to move to your city from another province might see your home online and ask their REALTOR® to show it to them when they come to town on a home-buying expedition, for instance.
Whether you're buying or selling, the Ottawa real estate board is an indispensable resource for your real estate agent. Let us help buy or sell your Ottawa Home. Make an informed decision about selling or buying your home. If you want some FREE advice, call us at 613-266-9812 or email us at email@example.com.