Title: Outline the basic principles of the Multiple Listing Service (MLS).
Course: Real Estate (12154) > Section: Describing Real Estate Marketing

Outline should include

- definitions associated with the MLS
- explanation of who can access the MLS
- description of how one becomes an authorized user
- identification of costs associated with MLS access
- explanation of how an agreement to represent a seller can be terminated.

Outline should also include identifying where information is distributed, such as

- MLS
- web-based applications
- home web search providers
- social media applications
- open houses
- broker opens.

DPOR correlation: 18VAC135-20-400. 16 (Real estate marketing)

Process/Skill Questions:

- How is e-commerce used to market real estate?
- What other tools are used to market property?
- What are the different types of listings?
- With today’s internet presence, how has MLS been affected?
- What are the advantages and disadvantages of an MLS affiliation?