Where Real Estate Gets Its Dirt

“What is an MLS?” Part 2

I wanted to follow up on a previous post I wrote where I asked,

What would you say if someone asked, “What is an MLS?”

At that time I wrote:

“I’m struck by how difficult this question is to answer—even for myself, someone who writes a blog and co-produces a couple of podcasts in the industry. Part of the challenge, I think, stems from the recent settlement changes; we’re still working to define and understand the evolving role of the MLS.”

I received great feedback from the post, some of which I summarized in this Google Doc.

I then took those responses and fed them in to Chat GPT and asked for a two sentence response and a short paragraph. Here’s what it fed back:

Two-Sentence Definition

An MLS (Multiple Listing Service) is a professional network where real estate agents and brokers share detailed property information to connect buyers and sellers. It ensures accurate, up-to-date listings and promotes fairness and efficiency in the home-buying process.

Short Paragraph Definition

A Multiple Listing Service, or MLS, is a trusted platform where real estate professionals collaborate to share accurate property details and market data. It acts as a centralized hub, allowing agents and brokers to connect buyers with homes and sellers with qualified buyers. By fostering transparency, fairness, and efficiency, the MLS streamlines the often complex process of buying and selling homes, making it easier for everyone involved.”

I then asked Chat GPT what it thought a Multiple Listing Service (MLS) not taking in to account the prompt I just fed it. Here’s what it said:

“A Multiple Listing Service, or MLS, is a trusted platform where real estate professionals collaborate to share accurate, up-to-date property listings. It connects buyers, sellers, and agents efficiently, ensuring transparency and fairness in the home-buying and selling process.”

I think the last one is my favorite of them all. What do you think?

  1. Bill Lublin CRB,CRS, GRI, e-PRO, C-RETS,RENE, GREEN,SRS, C2EX Endorsed

    If it doesn’t mention the rules set, it could just be a portal And that the MLS is a broker cooperative. The term real estate professional is too broad. Just because it sounds nice doesn’t make it accurate 😉

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