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  2. What is the MLS, and how does it work? - AOL

    www.aol.com/finance/mls-does-165037677.html

    When real estate agents list a property for sale, they add it to the MLS database, allowing all agents and brokers in the region who have access to the system to review the listing. Buyers ...

  3. Multiple listing service - Wikipedia

    en.wikipedia.org/wiki/Multiple_listing_service

    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.

  4. Flat-fee MLS - Wikipedia

    en.wikipedia.org/wiki/Flat-fee_MLS

    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.

  5. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:

  6. Days on market - Wikipedia

    en.wikipedia.org/wiki/Days_on_market

    The MLS is controlled by the real estate industry and has been the subject of many lawsuits. This value is not necessarily how long the house has been on the market due to intricacies within the multiple listing service (MLS) database. Depending on the rules of the MLS that is being used, the number is reset if a seller switches real estate agents.

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