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Team5 has been fortunate to work with a variety of MLSs and has even written and helped to create a few. With an expertise in the NYC Real Estate market Team5 has played a large role in a few of the largest MLSs offered in this market. Outside of writting MLSs Team5 has extensive experience in working with MLSs to gather information, listings, and media for the creation / development of systems that use this data for websites, research systems, advertising, and more. Team5 has worked with many methods from traditional RETS feeds to various custom feeds and systems.
A multiple listing service (MLS, also multiple listing system or multiple listings service) is a suite of services that enables real estate brokers to establish contractual offers of compensation (among brokers), facilitates cooperation with other broker participants, accumulates and disseminates information to enable appraisals, and is a facility for the orderly correlation and dissemination of listing information to better serve broker's clients, customers and the public. A multiple listing service's database and software is used by real estate brokers in real estate (or aircraft broker in other industries for example), representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to cooperate with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.