Multiple Listing Service (MLS): A multiple listing service is a collection of private databases used by real estate brokers who agree to share their listing agreements with one another to locate ready, willing, and able buyers for properties more quickly than they could on their own. MLSs give the selling broker more exposure, and they provide the broker representing the buyer with more options. In return, both the brokers receive a commission on the sale. These services also level the playing field, and allow small and large brokerages to compete with one another.

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