Multiple Listing Service (MLS)
A multiple listing service (MLS) is a facility for the orderly correlation and dissemination of listing information among authorized participants and a mechanism for cooperation and compensation offers among participants, under the MLS's rules. MLS definitions and policies are typically published by organized real estate bodies and local MLS operators.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Marketing
- Property types
- Residential Sales, Residential Leasing
Read more in the Knowledge Base
- Post-NAR Settlement Commission StrategySellers
- Listing Distribution Dominance: Multi-Platform Strategy for MaximumLandlords
- The Operator's Playbook for Buying Property in NYCBuyers
- Broker Marketing vs. Direct MarketingSellers
- The Market-Making Pricing StrategySellers
Related terms
Marketing and Listing Terms
- Asking Price / Asking Rent
- Co-Brokering
- Concessions
- Days on Market (DOM)
- Letter of Intent (LOI)
- Listing
- Offering Memorandum (OM)
- Residential Listing Service (RLS)
- Term Sheet
- Universal Co-Brokerage Agreement (UCBA)
General information, not legal, tax or financial advice.