ELI5: Explain Like I'm 5

Multiple Listing Service

Imagine you want to sell your toy car, but you don't have anyone who wants to buy it yet. So, you think about putting up a sign outside your house saying "Toy Car for Sale!" But what if people who want to buy toy cars do not drive by your house? How will they know you have a toy car for sale?

That's where the Multiple Listing Service (MLS) comes in! The MLS is like a giant telephone book for houses that are being sold. It's a big database of houses that are for sale. When someone wants to buy a house, they can go to a real estate agent who can look in the MLS to see all the houses that are for sale in the area they're interested in.

This way, people who want to buy a house can find out about your toy car (or house) even if they do not drive by your house! The MLS is available to licensed real estate agents, who can list houses for sale on behalf of their clients. This means that when you want to sell your house, you can work with a real estate agent, and they can put your house in the MLS for you. This way, many people looking for houses can see your listing, and hopefully someone will be interested in your house!

So, in summary, the MLS is like a big book with all the houses for sale, and it helps people who want to buy a house find the right one for them.