MLS Flashcards
(3 cards)
1
Q
What is a Multiple Listing Service (MLS)?
A
A service provided by brokers that shares listings with MLS member brokers
MLS allows for cooperative marketing of properties among real estate professionals.
2
Q
What do MLS members use the MLS for?
A
To assist buyers in locating properties that match their criteria
MLS provides access to a comprehensive database of property listings.
3
Q
Do MLS members receive compensation from the seller or the buyer if the buyer purchases the property?
A
They can receive compensation from either
Compensation may vary based on agreements between parties involved in the transaction.
