Multiple Listing Service (MLS)
A cooperative system in which member brokers share their listings and offers of cooperation with one another.
Quick flashcard
What does Multiple Listing Service (MLS) mean on the Texas real estate exam?
Answer: A cooperative system in which member brokers share their listings and offers of cooperation with one another.
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Multiple Listing Service (MLS) definition
A multiple listing service is a private cooperative among member brokers to pool their listings and offers of cooperation. It gives sellers broad exposure to other brokers' buyers and gives buyers access to many properties through a single source.
It is run by brokers and associations, not by the government.
Source basis
Definition checked against the official sources below on .
On the exam
Exam trap
Tested in
Real Estate Practice (10 of 80 National)
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