Virginia Real Estate Exam Practice Question
Which of the following is a benefit of the MLS (Multiple Listing Service) from a brokers standpoint?
Correct Answer: B
Rationale: The MLS enhances market exposure, allowing listings to reach a broader audience, which can lead to quicker sales and potentially higher sale prices. This visibility is crucial for brokers aiming to attract more buyers.
Option A suggests double-ending a deal, but this is not a primary benefit of the MLS; it focuses on collaboration among brokers. Option C incorrectly states that the MLS reduces cooperating commissions; commissions are typically negotiated independently of the MLS. Option D is misleading, as while some MLS services may have low fees, they are not universally free, and the value they provide far outweighs any costs.
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