Real Estate Terms:What is a "Multiple Listing Service (MLS)"?
Multiple Listing Service is:
A facility for the orderly correlation and dissemination of listing information among
Participants so that they may better serve their clients and customers and the public;
A means by which authorized Participants make blanket unilateral offers of compensation to other
Participants (acting as sub-agents, buyer agents, or in other agency or non-agency capacities defined
by law);
A means by which information is accumulated and disseminated to enable authorized Participants to
prepare appraisals and other valuations of immovable property;
A means by which Participants engaging in immovable property (real estate) appraisal contribute to
common databases.
In other words: a multiple listing service is a computerized listing of the homes and land for sale in an
area listed with a realtor (immover). Agents are granted access to the MLS and can use it to find a house
in a particular price range or area.
| 
