multiple listing service

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A Multiple Listing Service, also known as the MLS, is a suite of services that aim to accomplish several tasks for both real estate agents and brokers. Some of those services include the enabling of real estate brokers to establish contractual offers of compensation among brokers, it also helps to facilitate cooperation with other broker participants, accumulates and disseminates information to enable appraisals and finally the MLS orders and keeps track of property listing information for agents, their clients and even the general public.

Generally, a multiple listing service's database and their software is used by real estate brokers and agents, often representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to cooperate with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.