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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 REALTORS®
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 oflistings are uploaded to web sites
such as OttawaRealEstate.org
and mls.ca. The
mls.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 ofREALTORS®, 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.
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