You may have heard of the multiple listing service (MLS) but don’t know what it is. The MLS is a database of real estate listings. It was developed by real estate professionals who spent countless hours to earn their licenses and to set up the MLS system. However, access to this database is restricted to members who pay an annual fee. In addition to this, you will need a real estate license to use this database.
You may be asking, “Can I have access to the MLS with an inactive real estate license?”. Well, it depends. Sometimes, the property may be for sale but the seller hasn’t finalized a deal yet. If that’s the case, the inactive listing might be the perfect opportunity to buy the property. However, inactive listings may be classified as inactive or differently from those that are still active. You should consult with your real estate agent to determine which one is the best option for you.
A real estate license that has fallen into an inactive state is no longer valid. The licensing board in your state has set specific rules regarding inactive licenses. However, in Massachusetts, there are three primary license statuses. Those with suspended licenses cannot access the MLS and are not allowed to earn compensation. Therefore, you should keep in mind that if your real estate license has fallen into an inactive status, you will not have access to the MLS.
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