MLS


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MLS

Short for multiple listing service. A service whereby real estate brokers agree to make information about their listed properties available to each other and to split a commission with any other broker who provides the buyer. Most local boards require an exclusive listing agreement with a broker as a prerequisite for placement in the multiple listing service.

• At one time, this exclusive access to information about properties currently on the mar- ket, and historical information regarding selling prices of former properties, gave real estate brokers tremendous advantages over nonmembers and over consumers trying to sell property without the assistance of a broker. Today, with easy access to information on the Internet, including limited MLS information at the Web site of the National Association of REALTORS® (www.realtor.com), consumers are able to negotiate more competitively.

• The Antitrust Division of the Department of Justice has been scrutinizing MLS agreements that exclude brokers who are not members of the local board of REALTORS® (associated with the National Association of REALTORS®) or brokers who accept limited-services agreements.

References in periodicals archive ?
After retiring, I couldve never dreamed Id be able to collaborate with MLS and AT&T to grow and enhance the game in innovative ways that celebrate our unique culture.
For more information regarding the services offered by MLS Global, please visit website:
For instance, Indiana InfoNet, which is operated by the Industrial Research Liaison Program at Indiana University, did not hire MLS graduates to serve as information intermediaries; they, along with most of those interviewed, did not equate the MLS with information provision.
They altered the definition of an MLS to include and mandate subagency," said Roark, who added that the system also endangered sellers, who are liable for the subagent's misrepresentations and misdeds.
He scored 40 goals at UCLA and has 96 in 11 MLS seasons, the league's third-best career mark.
Our goal is to create new efficiencies for the real estate professional by tightly integrating The Director with our current programs and Realtor association systems," said Bryan Foreman, president of First American MLS Solutions.
The announcement for a "Technical Systems Coordinator" required "either an MLS from an ALA accredited school with 1-2 years experience with automation of library operations; or an advanced degree in Computer Science with 1-2 years experience with library systems.
Bentley's MLS offers municipalities all the software they need to design and manage all their infrastructure for a fixed annual fee based on population.
MLS and Soccer United Marketing, the commercial wing of MLS, had made an announcement on Tuesday on a multi-year partnership deal with the Gulf carrier to make Etihad the official airline partner of MLS in the US.
com)-- MLS Intelligent Control Dynamics successfully passed the renewal audit for ISO 9001:2008 standard certification.
MLS gets to show its strengths to the big boys; and makes some cash -- and valued connections -- through its marketing arm.