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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.
IDX search users are home buyers or sellers in the market to buy or sell real estate. Their interests may focus on new development, land, condos, rentals, and any other property a particular MLS lists. Real estate agents use IDX to market homes, attract leads, and close more sales. [2]
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.
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
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.
As a comparison, GCAAR numbers show that in January 2024, there were 2,325 active listings, 1,447 new listings, and 805 closed sales. In January 2023, there were 2,265 active listings, 1,675 new ...