MLS: The essential difference

Guest perspective: Interbroker cooperation defines the system

Ever since brokers and Multiple Listing Services began posting abridged versions of MLS listings on the Internet some 15 years ago and real estate consumers have been able to see for themselves what’s available in their neighborhoods, the public has confused MLSs with online auction sites like eBay or electronic classified ads like CraigsList. To the layperson, the MLS looks like any other marketplace where properties are bought and sold.