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.

INVESTOPEDIA EXPLAINS '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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