An MLS, or Multiple Listing Service, is a computer program that is owned and managed by National Association of Realtors (N.A.R.) that shows a list of most available properties for sale.
Usually it's the real estate agents who are the ones who input and share the property's information on the MLS and they usually pay an annual fee to the N.A.R. for the right to publish this information on the MLS.
Normally these listings provide information about the property such as the listing price, the number of bedrooms and bathrooms and the properties square footage. An MLS listing is also not solely for single family homes either, it can also list condominiums, empty lots and acreage and commercial properties as well.
One of the great advantages to listing a home on the MLS is that the listing can be seen by all agents using the service for their potential buyers.
The MLS is not only a very valuable resource for real estate agents and their clients; it's also a great tool that helps potential buyers, who currently do not have an agent, by giving them the opportunity to look in areas they want to live in online rather than getting in their car and driving around for hours on end looking in person.
By listing a home on the MLS the property is being showcased in a fashion that will certainly give the property more visibility and a greater chance for a sale.
Just as an MLS will contain certain property information for a home that's listed for sale, an NHD report will also list a property's information in the form of natural hazard disclosures which can affect a it's desirability. An NHD report usually includes disclosure items such as: earthquake faults, landslide areas, liquefaction zones, flood zones and so on. The most complete and accurate NHD report available anywhere is the report that Property I.D. provides.