Multiple Listing Service (MLS)

Multiple Listing Service (MLS),

Definition of Multiple Listing Service (MLS):

  1. A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. An MLS allows brokers to see one another's listings of properties for sale with the goal of connecting homebuyers to sellers. Under this arrangement, both the listing and selling broker benefit by consolidating and sharing information, and by sharing commissions.

  2. A marketing organization composed of member brokers who agree to share their listing agreements with one another in the hope of procuring ready, willing, and able buyers for their properties more quickly than they could on their own. Most multiple-listing services accept exclusive-right-to-sell or exclusive-agency listings from their member brokers.

  3. Typically, multiple listing services create a book or an electronic database with all of the houses for sale by affiliated brokers, who update it on a regular basis. The participating parties distribute the book in print or online to each member of the service.

How to use Multiple Listing Service (MLS) in a sentence?

  1. An MLS allows brokers to see one another's listings of properties for sale with the goal of connecting homebuyers to sellers.
  2. A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. .
  3. A multiple listing service helps real estate agents and brokers connect by consolidating and sharing information while sharing commissions.

Meaning of Multiple Listing Service (MLS) & Multiple Listing Service (MLS) Definition