What happens to properties placed on the market in a multiple listing service?

When properties are placed on the market in a multiple listing service (MLS), they become available for sharing among brokers. This is a fundamental function of the MLS. It allows real estate agents to collaborate and share information about properties, which enhances the visibility of listings and can lead to quicker sales.

The cooperative nature of the MLS means that other brokers can see these listings and potentially bring buyers to the properties. This sharing can create broader access for potential buyers and often leads to advantageous outcomes for sellers as well, as it increases the competitive exposure of their property.

Placing a property in an MLS does not convert it into an exclusive listing; instead, it is typically more accessible to a wider range of agents and their clients. Additionally, properties do not automatically sell just by being listed in the MLS; they still require marketing efforts and buyer interest to facilitate a sale. Lastly, properties listed in the MLS are not removed from the market; rather, they are actively being marketed to attract potential buyers.