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1874 - Hamilton Real Estate Association formed - a precursor to organized real estate in Hamilton [8] 1921 - Hamilton Real Estate Board founded; 1949 - first real estate group in Ontario to introduce the Multiple Listing Service; 1951 - first Photo Co-op System (predecessor to modern day MLS) in Canada
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Metropolitan Regional Information Systems, Inc. (known as MRIS) provides a multiple listing service in the United States.As of mid-July 2010, it served 51,171 real estate professionals in Baltimore-Washington Metropolitan Area including Maryland, Washington DC, Northern Virginia, and parts of West Virginia and Pennsylvania.
Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction.
Toronto's Co-operative Listing System was first created in 1924, but only lasted 8 months. [4] Later, in 1944, its Multiple Listing Service was established, [4] and was computerized in 1974. [4] TRREB currently utilizes REALM by Stratus Data Systems and Matrix by CoreLogic to allow members to manage their listings.
In the real estate industry in the United States, a pocket listing or hip pocket listing is a property where a broker sells a property through private connections rather than entering it into a multiple listing system (MLS) or otherwise publicly advertising it. [1] In Canada, this is called an Exclusive Listing. [2]
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