Multiple Listing Service (MLS)


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.

  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. Pocket Listing

    Any listing that is retained by a listing broker or salesperson ...
  3. Exclusive Listing

    A real estate sale transaction in which a specified real estate ...
  4. National Association of Realtors ...

    A national organization of real estate brokers. The National ...
  5. Condominium

    A large property complex that is divided into individual units ...
  6. Investment Real Estate

    Real estate that generates income or is otherwise intended for ...
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