Concept information
Preferred term
multiple listing service
Definition
- A multiple listing service (MLS) is a private arrangement through which real estate brokers in geographically defined market areas voluntarily share information about properties (primarily residential properties) they have been authorized by the owners to sell or lease. To enter a property into the MLS, the broker must make an offer to share the compensation they will receive from the owner with any broker who successfully identifies a buyer or tenant. [Source: The Encyclopedia of Housing; Multiple Listing Service]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/multiple_listing_service
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