Multiple Listing Service (MLS)
Posted by PRO Sat, 25 Mar 2006 15:56:57 GMT
A multiple listing service is:
- a facility for the orderly correlation and dissemination of listing information
so Participants and Subscribers may better service their clients and customers
and the public
- a means by which authorized Participants make blanket unilateral offers
of compensation to other Participants (acting as buyer agents, or in other
brokerage relationships defined by law)
- a means of enhancing cooperation among Participants
- a means by which information is accumulated and disseminated to enable authorized
users to prepare appraisals, analyses, and other valuations of real property
for bona fide clients and customers
- a means by which users engaging in real estate appraisal contribute to common databases