Want to check out investment properties online to get a feel for market conditions and comps?

Perhaps you’re looking for a new investment or even want to list one of yours. Whelp, researching the market and maybe even sharing the listing on the MLS for free is a fab way to do just that.

So, read on to find not only find out how to get on the MLS for free, but also what it is, why you need it, and how to use it.

What Is the MLS & Why Do I Need It?

The MLS — Multiple Listing Service — gives you the awesome opportunity to see it all… well mostly. It’s got properties that are newly listed, recently sold, and of course, those that have been listed for a hot minute.

Real estate agents share their listings on MLS. Knowing how to get on the MLS for free gives you the power of this mega list. 

When investing in real estate, the MLS is a necessity, giving you the opportunity to see what’s out there, compare asking prices in various areas, taxes, type of sale, potential income, and so much more.

Plus, you’ll know what each property offers like square footage, floors, room details, and beyond — usually with pictures. This insight makes it possible to get the most out of your investments, whether you’re buying or selling or just looking for comps.

The MLS can increase the number of various investment options, offering a larger market to choose from and provides valuable details, like sellers’ contact info and sale types: foreclosures or short sales, for example.

So, now you want to know how to get on the MLS for free, and I’ll get there, but first…

Who Has Access to the MLS?

Real estate agents or licensed brokers are the only ones who have full access to the MLS. According to Awesomely Research, real estate agents and brokers pay dues or membership fees to access the various MLS platforms… and in return they receive detailed information on the properties. 

And although each MLS has its own rules, they likely follow the rules set by the National Association of Realtors.

Now, assistants and even office managers of licensed agents can also gain access. Their agent simply “sponsors” their colleagues, who can then hop on the MLS using the agent’s credentials. 

So, if I can’t get full access to the MLS as an REI, what can I do?

Well, we’re happy to share how to get on the MLS for free.

2 Ways to Get MLS Access for Free + 2 Bonuses

1. Get your Realtor’s license. This way you’ll know exactly how to get on the MLS for free because you’ll be the one doing it. You’d have the license to access the list and everything that goes with it.

Of course, this requires a fee for the course, the time, and the coursework and exam. Keep in mind that U.S. states (and countries around the world) each have different licensing requirements, so be prepared if your investments are widespread.

2. Partner with an agent. An agent will know how to get on the MLS for free because it’s part of their job. You could offer to send the agent deals that don’t work for your REI business and in exchange they give you access. Always make this situation a win-win, just like you should your deals.

2 Bonuses

3. Free listings online: Something that’s pretty darn close to the MLS are sites like Zillow, Redfin, Realtor.com, ZipRealty, Trulia, etc. Many of these sites give you what you’re looking for. Though they’re not as comprehensive as the MLS, they’re still super valuable. 

4. Public listings online, or IDX (internet data exchange) website listings: While these sites have some confines, they can help get you started with some info. Most of these sites offer public access and are locally sourced covering specific areas. Bright MLS, for example, covers Maryland, Pennsylvania, Virginia, West Virginia, and Washington, DC, offering public access through platforms such as Nestfully. Remember: public access has its limits. Details like agent notes, commission inform, showing instructions, and security codes are only provided to professionals.

How to Use the MLS

Now that you know how to get on the MLS for free, how do you use it?

MLS listings are the ideal resource for analyzing data. Comparing costs, property sizes, location, taxes, possible income, and age allows you to consider potential deals and renovation costs. At the same time, you’re able to analyze data on the community itself, which affects the value of your investment.

Having all the information from the MLS listing also gives you a chance to jump on foreclosures or short sales, too. Obvi, that’s big for us investors.

The MLS online platform is pretty intuitive and straightforward, allowing you to filter various factors that fit your REI portfolio. An agent pal can give you a quick tutorial or you could even hop on YouTube to find how-to videos. 

That’s a Wrap — How to Get on the MLS for Free

And, there you go! Now you know how to get on the MLS for free, so use it!

Knowing how to get on the MLS for free has helped me make educated decisions in REI.  So no matter how you access the MLS, it’s definitely worth it for your business.