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A multiple listing service's database and software is used by real estate brokers in real estate (or in other industries, for example, aircraft brokers [1]), representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in ...
Whether you’re buying or selling a home, you’re likely to hear the term MLS, which stands for multiple listing service. The MLS is a platform used by real estate agents and brokers to share ...
Multilevel security or multiple levels of security (MLS) is the application of a computer system to process information with incompatible classifications (i.e., at different security levels), permit access by users with different security clearances and needs-to-know, and prevent users from obtaining access to information for which they lack authorization.
While the DOJ and FTC monitor and challenge real estate laws or changes to law perceived as anti-competitive in all States, this Press Release from April 2005 is an example of their effort: "The Department of Justice and the Federal Trade Commission (FTC) issued a joint letter urging the state-created Texas Real Estate Commission to reject a ...
A Virtual Office Website (VOW) is a web site that is used to conduct business activities.One example is a VOW used as a real estate property search site allowing the public to conduct searches of approved multiple listing service properties in a given area under certain conditions.
In the Philippines, a Sub-Agent is someone who is under the supervision and operational control of a Real Estate Broker. The Sub-Agent is not an agent of the Buyer or Seller. It is the Broker who is the Agent of the Buyer or Seller. The Sub-Agent is an agent of the Broker, works for the Broker, and represents the interest of the Broker.
Examples are banks, mortgage companies, and loss mitigation companies. [3] [4] [5] The BPO is performed by a real estate professional who is acting on behalf of the financial institution. [1] Such a professional could be a real estate agent, a real estate broker, an appraiser, or other qualified person.
The seller, often in concurrence with the real estate agent, may choose to accept an offer that is lower than the highest offer for various reasons, such as terms or contingencies in the purchase contract offered or perceived differences in financial qualification of the competing buyers.