The Research of MLS in the Real Estate Brokerage Industry from the Search Theory

This research examines the MLS( Multiple Listing Service) in the residential real estate brokerage industry. Through the MLS ,for example ,an individual buyer and seller can have access to the entire market area covered by the service by engaging a single broker.

The MLS it works is that member firms submit their listings to the service, which then distributes the collected information to all other members. Sales arranged by brokers other than the broker who originally acquired the listing result in a sharing of the commission according to a prearranged rule. This paper also examines the impact of split commissions on broker effort in MLS sales.