Multiple Listing Service (MLS)

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DEFINITION of 'Multiple Listing Service (MLS)'

A service provided by a group of real estate brokers. They band together to create a Multiple Listing Service that allows each of them to list each other's houses. Under this arrangement, the listing broker and the selling broker split the commission for each sale.

BREAKING DOWN 'Multiple Listing Service (MLS)'

Most Multiple Listing Services print a book with all of the houses for sale within the service on a regular basis. The book is distributed to each member of the service either in print or online. Customers benefit from the increased exposure of their home among the members of the service.

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RELATED FAQS
  1. What is the difference between capitalization rate and rent?

    Rent and capitalization rate are both factors that determine whether a real estate purchase is a wise investment. Rent is ... Read Full Answer >>
  2. Can real estate agents help renters find rental property?

    While real estate agents often exclusively service those in the market to buy or sell a home, some can also be excellent ... Read Full Answer >>
  3. Can I take my 401(k) to buy a house?

    Once you reach 59.5, you can use the funds in your 401(k) retirement savings account to buy a house or any other expense ... Read Full Answer >>
  4. Can I take my 401(k) to buy a house for my children?

    Under the standard regulations for 401(k) retirement savings plans, you may elect to withdraw funds from your 401(k) for ... Read Full Answer >>
  5. How is market value determined in the real estate market?

    Anyone who has ever tried to purchase or sell a home has probably heard a lot about the property's fair market value, or ... Read Full Answer >>
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    While regular funds from operations measures the cash flow generated by the operations of a real estate investment trust ... Read Full Answer >>

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