Almost anyone who owns real estate or has looked at real estate in many countries of the world has heard the term MLS, it stands for the “Multi Listing System”.
The multi listing system (MLS) is a very fast and efficient way of looking for and buying real estate. In a nutshell, it means that your real estate agent (or broker) has access to the entire inventory (anything for sale) of the entire area, in this case, all of the Cayman Islands. In other words, once you pick your agent, they have access to anything you are looking at, even if it has another agent as the listing agent. The Cayman Islands Real Estate Brokers Association (CIREBA) has advanced internal procedures to govern this.
What does this mean to you? Convenience, you do not need to go from one agent to another and then another to look at three properties. You find the agent you feel comfortable with and they take care of the rest, weather you are looking for a condo on Seven Mile Beach, a home in Savannah, or an investment property in Little Cayman.
It is a common misunderstanding, especially to our friends from Europe and Centeral America, that you can only deal with the agent who is advertising the property you liked, and another agent for maybe a second one that caught your eye. That is tiring and difficult and not necessary with the MLS system. You will find this system used here and in North America to be very efficient and user friendly. The ultimate goal is to make the very important and highly involved real estate transaction as simple and smooth as possible.
