Multiple listing service (MLS) software, also known as internet listing service (ILS), lets real estate professionals display property listings in customizable areas. This tool also enhances the search capabilities and visibility of listings through advanced sorting functions as well as convenient and clear summaries of the property on a publicly accessible database. Many MLS solutions offer the feature to list according to property types, such as residential or commercial. However, property managers and agents often use these solutions to display separate residential listings, including apartments, flats, and condominiums.
These solutions offer resources and tools for property managers to track their listings, field applications, and other property listing and advertising-related tasks. Multiple listing services frequently integrate with real estate CRM software and real estate marketing software to provide information on leads to real estate brokers using the service to promote their listings.
To qualify for inclusion in the Multiple Listing Service (MLS) category, a product must:
Provide customizable listing tools allowing real estate agents and brokers to post
Utilize historical data and market data to set optimal prices for each property type across each channel in real time
Allow users to establish price control logic
Provide data visualization and custom reporting features
Provide or integrate with other real estate CRM or marketing platforms