Is The MLS Dead? The Threat Of Tech & New Homebuying Habits
One of the biggest benefits of using a real estate agent has long been their access to the Multiple Listing Service (MLS)—a comprehensive database of agent- and broker-listed homes in any given area.
Sellers enjoyed more exposure for their properties, while buyers had access to exclusive listings they couldn’t find elsewhere. It seemed a win-win for everyone—and a good use of that 6% commission the agent charged to handle the transaction.
But that was decades ago.