The Multiple Listing Service and your REALTOR

Like other professionals, a REALTOR is as good as the information at his or her disposal.

The Multiple Listing Service is a co-operative system used by REALTOR Members of Canada’s real estate boards. It is different than the consumer website www.REALTOR.ca, which offers a brief description of most properties listed on MLS systems.

The Toronto Real Estate Board’s Multiple Listing Service provides an ongoing inventory of available properties and other related information. With training, experience and access to this database, a REALTOR can provide invaluable assistance in buying or selling your next resale home.

For sellers, a REALTOR can use the system to determine a fair listing price by performing a comparative market analysis. This analysis focuses on the geographical location of your property and describes it as accurately as possible. The database can then be searched to reveal comparable sold, active and expired properties, retrieving information such as sold price, list price and average time on the market to help determine a range of fair listing prices. For buyers, a REALTOR can match your very specific needs to all properties listed.

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Source: torontorealestateboard.com