Multiple Listing Service (MLS)
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
