What does a multiple listing service (MLS) offer?

A multiple listing service (MLS) provides a platform specifically designed for real estate agents to share and access property listings. This system allows agents to cooperate and market properties effectively, which benefits both agents and their clients. By listing properties on an MLS, agents can increase the visibility of homes for sale, enabling a broader reach to potential buyers through various channels. The collaborative nature of the MLS is integral to facilitating real estate transactions, as it promotes communication and negotiation between agents, while providing current information about listings such as prices, square footage, and other relevant details.

The other options represent services that are not the primary function of an MLS. For example, while platforms for tenants to find rental properties might exist, they are not the purpose of an MLS. Additionally, while an MLS includes real estate professionals, it is not merely a directory of agents, but rather a specialized tool for property listings. Lastly, an MLS is distinct from a legal database for property ownership, which would involve different types of documentation and verification of property rights.