What is a multi-listing service?

Author
MyProperty Namibia
Namibia's #1 independent property portal

In the case of a Multiple-listing (or MLS), you would normally give a certain estate agent the sole and exclusive mandate to sell your property for a certain period, after which this agent, the "listing agent", lists the property with a computerised central service.

The information is then available to other participating agents who are free to sell your home. The selling agent and the listing agent are then in agreement that the agent's commission is shared between them. You do not pay more agents' commission. It remains the same amount agreed upon, but the agents share it between themselves.

Seller Property News
Ask these questions to find out more about what is happening in your property market
Market
Ask these questions to find out more about what is happening in your property market
11 Aug 2023
Homebuyers, sellers, or those simply curious about real estate can benefit from chatting with a qualified real estate expert.
read more
11 Tips for Selling Your Home Quickly in a Tough Market
Sellers
11 Tips for Selling Your Home Quickly in a Tough Market
04 Aug 2023
Appointing the right real estate agent to partner with is important when selling your home in a tough market, but it’s equally important for sellers to take an active role in the process as there are numerous things a homeowner can do to significantly facilitate the sale.
read more
5 Common mistakes sellers make and how to avoid them
Sellers
5 Common mistakes sellers make and how to avoid them
29 Jun 2023
Buying a home is one of the most important financial investments you will ever make, so when the time comes to sell your home, it could be financially devasting to make a mistake. To avoid this we take a look at a few common mistakes that sellers make and how you can steer clear to maximise your return on investment.
read more
3 Essentials questions you need to ask before listing your property
Sellers
3 Essentials questions you need to ask before listing your property
21 Apr 2023
Just as buyers need to do their research before taking on homeownership, you should also spend some time contemplating certain aspects before you list your property for sale.
read more
Real Estate Tools
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments