Multiple Listing Service (MLS)

Definition: A cooperative listing-information service through which participating real estate professionals share property data under established rules.

Example

A participating broker enters a seller's authorized listing so other participants can find accurate offering information.

Keep the distinction clear

The MLS is not the licensing authority or the same as every public listing website. Participation does not establish a standard commission rate.

Related terms

Listing Agreement · Real Estate Brokerage · Antitrust Laws

Keep studying

Open Listing vs. Exclusive Agency vs. Exclusive Right of Sale

References: FREC Course II syllabus: investment concepts · California DRE: real estate glossary

Pronunciation (US): MUL-tuh-pul LIS-ting SUR-vis; em-el-ESS (capitals show stress)