A computerized listing of all properties offered for sale by member real estate brokers. Buyers may only gain access to the MLS by working with a member broker.
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MLS defines a situation where a number of real estate agents form or participate in a group sharing their listing information in order to match properties to buyers more quickly.
A service provided by the Board of Realtors® which renders access to real estate listings of properties for sale or lease.
A directory where member real estate agents can advertise the homes that they have listed.
The database where information about individual homes is stored for use by real estate agents.
A cooperative marketing system that provides information to real-estate agents about properties for sale.
Within the Metro Columbus area, Realtors submit listings and agree to attempt to sell all properties in the MLS. The MLS is a service of the local Columbus Board of Realtors®. The local MLS has a protocol for updating listings and sharing commissions. The MLS offers the advantage of more timely information, availability, and access to houses and other types of property on the market.
A system that provides to its members detailed information about various properties that have sold.
An organized system (generally a computerized database) by which members share information about listed properties.
A computerized database of virtually all the homes for sale in a specific area.
a book and computer database that all real estate agents can access
a cooperative listing service conducted by a group of brokers, such as all the real estate offices in Siskiyou County
a co-operative system for collecting and organizing information on available properties for sale in a given area
a database that all real estate agents who subscribe to the service can access
a means by which authorized participants make blanket unilateral offers of compensation to other participants acting as either subagents, buyer agents, or in other agency or nonagency capacities as defined by law
a proprietary listing of all properties on the market in a given area and their listing prices, as well as a record of all recent closed sales and their sales prices
A service that lists and describes houses for sale.
Multiple Listing is the name given a service performed by the Local Board of Realtors (Multiple Listing Service). MLS exposes properties to a wider market base. Most properties sold are sold through real estate agents through its listing in the MLS.
A service whichs makes available to all members of the association, all listed properties for sale, so that they may have an opportunity to sell them.
A system by which brokers of real property can share information on properties that are for sale.
A computerized database of all properties offered for sale by member real estate companies.
An association of real estate agents providing for a pooling of listing and the sharing of commissions on a specified basis.
A computerized networking system for realtors.
The Multiple Listing Service (MLS®) is a regionally centralized list of homes for sale. The main advantage of the MLS to sellers is it creates greater exposure for their homes. It also tells buyer Realtors that a commission will be paid if they bring a buyer to the seller.
A service used by real estate agents to obtain information on homes and land for sale.
a service provided by a real estate board for distributing information about properties for sale to all members of the real estate board
An information exchange that publishes property listings for its members so that each member may have an opportunity to sell the properties, usually for compensation.
Multiple Listing Service, or MLS, is an Internet-based platform relaying the largest database of information about properties for sale.
A multi-realty service whereby members of the local Board of Realtors exchange their listings.
An index listing of all available properties in a given area, listing information includes asking price, type of property, tax amounts, etc.
A computerized database of all properties listed for sale.
A database of home listings used by a network of real estate agents or brokers. If your home is listed in an MLS, it usually means that any broker or agent subscribing to the database is allowed you show your home to a prospective buyer.
(MLS) A system for relaying information about properties for sale.
An organization of brokers who share their exclusive listings. Net Proceeds—The actual amount of money a seller will receive from the sale after costs and expenses have been paid.
A marketing organization composed of member brokers, who agree to share their listing agreements with one another in the hope of finding the buyers for their properties more quickly. Remember Manhattan Real Estate market is not organized in a Multiple Listing Service. GO TO TOP
A computerized system that generates a list of properties for sale used by real estate agents and brokers to be able to see what is for sale in areas across the country as well as in the same city. Negative amortization A gradual increase in the mortgage debt that occurs when the monthly payment is not large enough to cover the entire amount of principal and interest due.
The MLS is the system by which real estate firms share information about properties for sale.
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.
Is a network or system which provides detailed listing information to its members.
System in which participating brokers agree to share commission on the sale of houses listed by any one of them.
A service performed by the Local Association of Realtors providing necessary information to aid in the sale of homes.
A central database of most, if not all, of the homes listed for sale by all members of the multiple listing service, or MLS, within a certain geographic region. For example, the Cape Cod & Islands Multiple Listing Service serves local real estate agents and their clients. Source: “On the Road: Buying a Home"
The MLS compiles a list of all the properties offered by licensed real estate brokers. Almost every home for sale ends up in the MLS database.
A service providing member real estate licensees with information about properties listed for sale or lease.
An arrangement among brokers who are real estate board members, whereby each broker shares information regarding his listings with the other members, who may negotiate the transaction. Multiple Listing Service (MLS) is a trademark of The Canadian Real Estate Association.
A cooperative listing of nearly all the homes on the market for real estate real estate agents.
A system by which a number of real estate firms share information about homes that are for sale. Membership usually provides a monthly book and/or computer service that provides Realtors® with detailed listings of most homes currently on the market.
A comprehensive system for relaying information to Realtors about properties for sale.
The Multiple Listing Service keeps an inventory of homes for sale.
An arrangement by which the brokers work together on the sale of each others' listed homes with shared brokerage fees (commissions).
A system that provides to its members detailed information about properties for sale.
A computerized listing of the properties available in your area, including information and pictures of each property.
The distribution of listings by a real estate board to all of its participating members. The vendor usually pays a higher commission rate for this service.
An organization that collects, organizes and distributes information about homes listed for sale by its member real estate brokers. Multiple Listing Services are generally either local or regional - there is no one single MLS covering the entire US.
A real estate service that advises brokers of properties that are for sale.
An organization of brokers, whereby all members have an equal opportunity to find a buyer for the listed properties. Select Another Letter
A service created and run by real estate professionals which gathers all of the property listings into a single place so that purchasers may review all available properties from one source. The MLS also deals with commission splitting and other relations between brokers and agents.
A database for all available listed homes in a specific region.
A facility for making unilateral offers of sub-agency to all other members of the service, offering each the opportunity to cooperate in the sale of property and thereby earn a commission.
A computerized listing of all properties offered for sale by member brokers. [] Negative Amortization A condition created when the monthly mortgage payment is less than the amount necessary to pay off the loan over the period of time set forth in the note. Because you're paying less than the amount necessary, the actual loan amount increases over time. That's how you end up with negative equity. To pay off the loan, a lump-sum payment must be made.
The entity for a particular geographic area that provides listing management services for the real estate professionals in that area. ListingWare provides services to the Members of the MLS.
A networking system, frequently on computer, in which a number of real estate firms share information about their client's homes that are for sale.
a computer-based resource used by real estate agents that lists and contains descriptions of improved and vacant properties for sale in a particular area.
The pooling in a central bureau of all properties listed for sale. Listings are held individually by members of a group of real estate brokers, with the agreement that any member may sell the property and the commission will be divided between the listing and selling broker.
A book and computer service that provides realtors with detailed listings of most homes currently on the market. Access to this service is one of the advantages of working with a real estate professional.
The Multiple Listing Service is a computer database of property offered for sale and sold. This database is available to all member real estate agents. It also allows research of sales by member agents to determine the market value of a home you might wish to purchase.
A multiple listing service (or MLS) is a real estate agents' cooperative service that contains descriptions of most of the houses that are for sale. Real estate agents use this computer-based service to keep up with property they are listing for sale in their area.
The Board of Realtors generates this database that includes all 'for sale' properties in a given geographical area. The service also lists properties for lease, but does not include homes put up for sale by the actual owner.
A service of a local Real Estate Board which publishes and exchanges details of properties registered with them. While this used to be for the exclusive use of registered Realtors, it is now possible for a private individual to "list" a property without committing to pay a Realtor a "listing commission" if the property sells. The majority of properties sold in Canada are sold through the local MLS.
The means by which members of a Board of REALTORS® share listing information and property details about a property with other members.
The service combines the listings for all available homes in an area, except For-Sale-By-Owner (FSBO) properties, in one directory or database.
A computer-based system for relaying information to real-estate agents about properties for sale.
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 the listed property more quickly. Commission for these sales is then split between the listing agent, buyer's agent, and the brokers involved.
(MLS) A service operated by a (sometimes privately operated) by a board of REALTORS® in which members offer cooperation and compensation to other brokers on their listed properties.
The multiple listing service, or MLS, is a local database that lists homes for sale. Member real estate agents can access the MLS and show listed homes to potential buyers.
A service providing detailed information to member Realtors on properties listed for sale and properties which have sold.
An organization that collects, compiles and distributes data about all of the homes available for sale in an area - except For-Sale-By-Owner (FSBO) properties. Although MLS data may be sold to real estate web sites the actual MLS isn't open to the general public. MLSs are local or regional.
An agreement whereby brokers pool their listings and offer to cooperate and compensate other brokers and in some cases buyer's brokers.
is a service where participating real estate brokers share information on the listings they have and agree to share commissions with participating brokers.
This is NOT a type of listing agreement and is oftentimes a misunderstood term. Multiple Listing Service is the name given a service performed by a local board of Realtors which is affiliated with the National Association of Realtors. If a designated broker's company has joined the Multiple Listing Service, the member company submits listings to the Service and agrees that it will allow other MLS members to cooperate in the sale of the designated broker's listings and share in the broker's compensation. Also, the MLS provides necessary information to aid in the sale of submitted listings. Therefore, it is not a type of formal listing but a marketing tool used by members of the MLS to expose properties to a wider market base.
An organization created by Realtors to facilitate the sharing of listings among member brokers. NATIONAL ASSOCIATION OF REALTORS - Formerly known as the National Association of Real Estate Boards (NAREB), it is the largest and most prestigious real estate organization in the world.
A system through which participating brokers agree to share commissions on a predetermined percentage split on the sale of properties listed on the system.
A system that provides members detailed information about most properties for sale in a given market.
A computer-based resource used by real estate agents that lists and contains descriptions of houses that are for sale in a particular area.
a cooperative association with a shared database.
A computerized database listing pertinent information about local for-sale and sold homes and properties.
A service that combines listings of all available homes in an area into one directory or database, with the exception of For Sale By Owner (FSBO) properties.
An organization, typically composed of real estate brokers, that provides for the pooling of listings and the sharing of commissions on a specified basis.
A marketing organization composed of real estate brokers who agree to share their listing agreements.
Service combining the listings, in one database, of all the available homes, except those being sold by the owner, in a specific area.
A database provided by the Board of Realtors that lists all properties in an area for sale or lease, excluding properties that are being sold directly by their owners without the aid of a real-estate agent.
The service created and run by professionals which combines the all available listings in an area, except For Sale By Owner (FSBO) properties, in one directory or database. back
A computerized database of real estate listings and sales; it is operated by the Boards in conjunction with other real estate boards and The Canadian Real Estate Association
The MLS is a listing of all properties available for public sale, and is available for use by all real-estate agents who are members of the service.
Multiple Listing Service (MLS) (also Multiple Listing System or Multiple Listings Service) is a database which allows real estate brokers representing sellers under a listing contract to widely share information about properties with real estate brokers who may represent potential buyers or wish to cooperate with a seller's broker in finding a buyer for the property. The MLS combines the listings of all available properties that are represented by brokers who are both members of that MLS system and of NAR or CREA, (the National Association of Realtors in the US or the Canadian Real Estate Association).