Multiple Listing Service (MLS)
A cooperative system in which member brokers share their listings and offers of cooperation with one another.
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.
On the exam
Exam trap
Tested in
Real Estate Practice (8% of the exam)
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This definition is Texas real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.