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What is MLS?

The Multiple Listing Service of Long Island, Inc. (MLS) is a computerized network of more than 1,500 cooperating real estate offices. Within this service, thousands of professional real estate brokers and sales associates share listing and sale information and work together to serve the buying and selling public.

The MLS of LI is a subsidiary of The LONG ISLAND BOARD OF REALTORS® (LIBOR). In order to participate in the MLS, licensed brokers and their sales associates must first belong to LIBOR. This ensures for both buyers and sellers, as well as the other participants in the MLS, that the agencies they cooperate with will apply the same standards and agree to adhere to the same rules of conduct and professionalism.

The MLS has been successfully getting the job done for nearly three decades. In 1997, the MLS was instrumental in the sale of 21,927 properties, a reported gross closed volume of $3,987,961,039.00. Sales through the MLS reached yet another high water mark - a third year trend in increased sales!

What is LIBOR?

The LONG ISLAND BOARD OF REALTORS® (LIBOR) is a non-profit trade association that serves more than 12,000 real estate professionals throughout Nassau, Suffolk, Queens and Brooklyn. LIBOR Members represent all facets of the real estate industry. LIBOR has been a charter member of the NATIONAL ASSOCIATION OF REALTORS® since 1916.

Reprinted from "How to Sell it Fast & Get the Right Price", by Laurie J. Bloom
(c) 1998, Multiple Listing Service of Long Island, Inc. All Rights Reserved.
For your free copy, contact your local MLS office.