The purpose of a Multiple Listing Service (MLS) is to link home buyers and sellers by allowing brokers to access each other’s listings of properties for sale. Both the listing and selling brokers benefit from this arrangement since information is consolidated and shared, and commissions are shared.

Multiple listing services typically publish a book or maintain a computer database with all of the residences available through affiliated brokers, which UN agencies update on a regular basis. Every member of the service receives a copy of the book, which is distributed in print or electronically by the participating partners.

Why is Multiple Listing Service (MLS) Important?

Multiple Listing Service
Source: UltraIT

When real estate agents recognized that by reaching outside their own brokerages’ listings, they could sell their residences more successfully and serve their clients better, the multiple listing service was formed in the 1800s to facilitate better cooperation among them. The Multiple Listing Service (MLS) is a cooperative service that allows real estate agents to list each other’s properties. The original numerous listing services were distributed through catalogs, but currently, nearly all of them are available online.

Now that we have established the importance of MLS software, you might be wondering which one is the most suited for your real estate business. Choosing a suitable MLS SOFTWARE for business can be an overwhelming task. We are here to help.

Here is a list of the top 10 Multiple Listing Service (MLS) software, so that you can choose one based upon your own needs and requirements. 

Top 10 Multiple Listing Service (MLS) Software

Zillow

Zillow is a prominent home and real estate marketplace dedicated to assisting homeowners, buyers, sellers, renters, real estate agents, mortgage professionals, landlords, and property managers in locating and sharing critical information on houses, real estate, mortgages, and home repair. Zillow manages Zillow.com, ZillowMortgage Marketplace, Zillow Mobile, Zillow Rentals, and Zillow Digs under the Zillow name. Zillow was founded by Rich Barton and Lloyd Frink in early 2005, and Zillow.com launched in early 2006 with statistics and information on millions of houses across the United States. Zillow’s mission is to assist consumers in making informed decisions about their homes, whether they are buying, selling, renting, leasing, remodeling, or financing them. It’s all about arming individuals with the knowledge and resources they need to make informed decisions regarding their houses, real estate, and mortgages.

Zillow is one of the most popular real estate websites in the United States. With approximately 480 million houses viewed in May 2014, Zillow Mobile is the most popular real estate app suite.

Zillow visitors can search for houses for sale, rent, and homes that are not currently on the market, in addition to information and data on nearly all residences in the United States (110 million and counting). Homeowners can look through remodeling ideas in Dueling Digs or use Zillow’s extensive local data pages to learn about the latest real estate trends in their area.

Zillow is a media company that earns money by selling targeted, relevant advertising to real estate agents and linking home and mortgage buyers with experts who can assist them.

Realtor.com

Through the My HomeSM dashboard, Realtor.com® provides homeowners with a wealth of essential tools and resources. Property owners may manage their home like the important investment it is by monitoring its value over time, studying and managing home upgrades, and examining other similar homes in the neighborhood.

REALTOR.com is the official website of the NATIONAL ASSOCIATION OF REALTORS® and the world’s leading online real estate resource. It has the largest collection of existing and new home listings, as well as land and rental listings. REALTOR.com’s marketplace allows its circle of real estate experts—MLSs, local REALTORS®, and real estate professionals—to interact with serious home buyers, renters, and sellers. It was the first company to pioneer digital real estate 20 years ago, and it continues to help make house ownership simple, efficient, and joyful today. Under a perpetual license from the National Association of REALTORS®

Trulia

Using Jira and Bitbucket, Trulia finds a home for large-scale agile development. Trulia provides critical information about the real estate market to house buyers and sellers through its multiple mobile and web solutions. Simultaneously, it provides a digital platform for real estate agents to better discover and serve clients. All of Trulia’s web domains and mobile applications, as well as the company’s internal infrastructure, are developed and maintained by the company’s 250-person engineering team. The team has used agile approaches since the beginning, but expanding agile has proven difficult as the organization has grown. 

Less friction in the development process equals better results and a shorter time to market for Trulia. It is the fastest-growing online real estate resource, providing intelligent tools to assist buyers, sellers, and renters find the ideal property. Trulia provides you with insider information to assist you in finding the ideal area to live. Our smart and tailored real estate search experience brings together essential local information, neighborhood insights, market data, and national listings in one convenient location. Trulia is based in San Francisco’s downtown area and is backed by Accel Partners and Sequoia Capital.

LoopNet

LoopNet is the most widely used commercial real estate portal, including listings for For Sale and For Lease in all commercial property types. Listed properties benefit from unequaled exposure to the largest CRE tenant and investor audience, with 10 million monthly unique visitors. LoopNet unlocks exposure across the web as the nation’s most viewed commercial real estate listing network, with 20x the traffic of the next most popular CRE website.

LoopNet is based in Washington, DC, and is a subsidiary of CoStar Group, Inc. It assists investors and tenants in locating various types of buildings for sale or lease, including office, multifamily, industrial, and retail. Users can look for houses using videos from the neighborhood, high-resolution photos, locations, listing details, and financials.

Individuals can save properties and receive email notifications when new listings that fit certain search criteria such as used space, building type or size, price, and a variety of other keywords become available. LoopNet allows investors to keep track of their favorite properties and receive notifications whenever there is a new update. It also allows purchasers to look for properties and communicate with brokers via email, as well as sort searches by geography, property type, or expertise.

FBS data systems

FBS is a prominent innovator of Multiple Listing Service (MLS) technology and one of the most well-known and well-respected software brands in the real estate market. FBS is a 100% employee-owned company established in Fargo, North Dakota, dedicated to offering powerful and innovative products with quick, personal service.

To 277,000+ on-the-go real estate subscribers, the industry-leading Flexmls® Platform (mobile + web + IDX) provides unparalleled personalization and flexibility. Spark®, the industry’s first standards-driven and widely used Web API, and the FlPlan® System, which generates easy and economical floor plans with a simple smartphone scan, complete a suite of solutions that provide MLSs, brokers, and agents complete control over their data and brand.

FBS also stands out for its outstanding customer service, with nearly 100% client retention, the best client and user happiness, and one of the highest continuous Net Promoter Score® (NPS) values in any business (84+). FBS owns the registered brands Flexmls®, Spark®, and FlPlan®.

GoMLS

It allows you to keep organized and focused when on the move. On your tablet or mobile device, you may access listings, Realist® data, saved searches, maps, photographs, contacts, and more. Share your branded app with clients and trade SMS, share listings, and keep track of your favorites in real-time.

It works by bookmarking sites, saving search results, and sharing properties via text, email, Facebook, and Twitter. By looking for postings near your current location or searching for a specific location. In-app communication between agents and clients allows users to share messages, listings, and favorites. All property facts, including several photographs, pricing, property details, and descriptions, are easily accessible. The best option is to use turn-by-turn directions to get to the front door quickly.

Apartments.com

Professional property management organizations and private landlords can post homes and communicate with possible renters on Apartments.com, an online real estate marketplace for rental properties. They include solutions that help property managers with basic activities including recording and maintaining tenant information, collecting rent, and handling accounting demands. Online rental payment and account access for renters are common features in apartment management software, as are expense and maintenance tracking, lease administration, resident screening, and financial reporting. 

Renters can use the tenant site to pay their rent, submit maintenance requests, and examine their lease history. This function speeds up payment processing by simplifying the process.

Job posts are made automatically.

Allow managers and owners to publish available apartments on their website or on prominent apartment listing sites such as Craigslist, Apartments.com, Rentals.com, or Google. This saves time and allows units to be filled more quickly. 

With an integrated general ledger, accounts payable and receivable, expense tracking, balance sheets, income statements, and payroll administration functionality, you can better manage every area of your company’s finances.

Market Snapshot

Quotes for instruments at a specific point in time are referred to as market snapshots. If the current quotation has changed since the last Market Snapshot; If the quotation from the last Market Snapshot applies to a smaller trade volume than the Client’s trade volume; If the liquidity provider has executed the transaction at this price, the Client’s instruction to open a position may be executed at a price that differs from the quoted price that the Client received in the client terminal during the last Market Snapshot.

WPL Platform

WPL Pro is the most feature-rich, flexible, adaptable, and extendable WordPress plugin for building Real Estate websites.

WPL Pro is the foundation of the WPL Platform, and it comes with a variety of essential add-on extensions for a variety of business needs. WPL Pro can be used to develop a sophisticated website on its own. It supports 100,000+ listings and an unlimited number of users with standard server settings. It’s also capable of hosting millions of listings with minor server optimization. One-time payment, lifetime updates, one-year support, with the option to extend support after the second year. It is possible to install it on your hosting/server.

Gives you complete control over your website’s content and plugins.

Zumper

Zumper (previously Zumper Pro) is a rental solution for property management firms that allow users to post rental ads and receive monthly payments. Agents and landlords may post any sort of property to connect with renters in minutes using Zumper’s home and apartment finder.

With integrated background screening services offered by TransUnion, Zumper allows brokers and landlords to screen any application for move-in. Renters can make secure payments on the renter portal or through the Instarent mobile app for online rent payments.

Zumper also offers multi-family advertising, including highlighted placement, virtual tour integration, and listing badges, using its lead delivery engine, POWERLEADS AI.

Still cannot find a Multiple Listing Service (MLS) software for your business? You can check out other options available at SaasWorthy.com. Here we have a list of enough MLS software that you can choose from.

Conclusion

Broker marketing is aided by MLS sites, which collect potential client data, generate leads, and allow display adverts for brokerages and agents. They allow users to track activities, and customer interactions and save customer contact information, search history, and other important information by integrating with their CRM.

The advantages of using MLS software are that agents and their property sellers may expose their property to a large network of possible buyers, and buyers can have direct access to online property listings that match their chosen location, price range, and criteria. Users can narrow their search to specific areas, modify their searches with keywords, sorting and filtering options, and compare property listings from different syndicated listings.

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Author

Shashank is an IT Engineer, specializing in writing about technology and Software as a Service (SaaS) for over four years. His articles have been featured on platforms like HuffPost, CoJournal, and various other websites, showcasing his expertise in simplifying complex tech topics and engaging readers with his insightful and accessible writing style. Passionate about innovation, Shashank continues to contribute valuable insights to the tech community through his well-researched and thought-provoking content.