MLS Technology
MLS, a real estate term, refers to a type of real estate entity known as a multiple listing service. MLS allows real estate agents in different companies to share listings of realty properties rather restricting the agent to property listings managed within her own realty company.
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Database Technology
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The supporting technology for MLS involves a database system that allows for realty company personnel to enter their company's property listings into a shared database. While different database products exist, MLS database systems typically incorporate similar features.
Telecommunications Technology
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Telecommunications technology then provides a means for all real estate agents using the MLS system to review any listing in the system, giving them access to listings managed by real estate agents working for any realty company that makes use of the MLS system.
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Buyer Interaction
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Some MLS systems also provide real estate agents with the opportunity to set up email updates to their prospective buyers about properties that suit the buyer's purchasing criteria. Real estate agents who use the customer-interactive elements of the system effectively can give themselves an edge over competitors, as described at the RIS Media website.
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References
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