MLS


Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
A lot of love has been lost between Landon Donovan, by nearly all accounts the most talented soccer player America has produced, and fans of the San Jose Earthquakes, the team he led to two MLS championships during a four-year tenure.
Our MLS committee and staff spent over a year researching all of the available vendors, and in the end, we felt that Paragon not only offered "out of the box" ease of use, but the most user-friendly experience and an ongoing product evolution to meet emerging trends," said Robert W.
Chivas USA has Ryan Suarez, left, on its roster because the defender's physical style translates well to the MLS.
Last year MLS lured Dempsey, who played 2 1/2 seasons with the New England Revolution before moving to Europe, back to play at Seattle.
United this season and led the club to its fourth MLS Cup appearance.
PepsiCo is a member of the MLS corporate family including: Official Sponsors -- adidas, American Airlines, Budweiser, Chase, Diageo, Dick's Sporting Goods, The Home Depot, Makita USA, NAPA Auto Parts, Panasonic, U.
The MLS offers an enforceable system which not only provides each participating realtor with an equal opportunity for success but also assures the consumer of competitive and monitored transactions, whether buying listing selling or renting.
Event Time: 6pm-10pm -- Volkswagen hosts soccer tournament for adults and children -- MLS Stars Chris Klein from the LA Galaxy and Francisco Mendoza from Chivas USA will participate in on-field games -- MLS Cup championship trophy on display for photo opportunities
Razov helped MLS continue its ``natural progression'' in the All-Star Game on Saturday, when he broke a scoreless tie in the 57th minute, taking a pass from San Jose Earthquakes forward Landon Donovan on a two-on-one breakaway and left-footing it into the corner of the net for his third career All-Star goal, on the way to MLS' 3-1 victory over Mexican club Chivas of Guadalajara.
Three hundred more Paragon MLS systems are scheduled for installation by the end of the year.
However, if various MLS systems use RETS, only a single interface is needed, as all listings can be combined more easily because they use the same format for the data.
Network to Select Young Hispanic 'Reporterito' to Cover MLS Events; Launches User-Generated Video Contest, Winning Entries to be Featured on Network