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The term "MLS" is considered generic in the United States and cannot be trademarked or branded. MLSs can be owned and operated by individual realtor associations, regional multi-association conglomerates or independent cooperatives of real estate brokerages. There is no single authoritative MLS. However, there is a data standard for MLS systems.
What does MLS stand for? MLS is an acronym for multiple listing service, a platform in which the real estate industry in a certain region compiles all the listings available for sale in that area.
Formerly the Triangle Multiple Listing Service, Doorify MLS aims to bring “transparency” to real estate market amid sweeping changes.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
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.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value).Real estate transactions often require appraisals because every property has unique characteristics.
New data published by the S&P CoreLogic Case-Shiller index shows that home prices climbed to a new record high in June as the affordability crisis worsens.
RETS is a framework that can be adopted by computer systems to receive data from the multiple listing service (MLS) servers, as well as those of other real estate systems, provided they also have software installed designed to communicate using the RETS framework. The National Association of Realtors refers to RETS as a "common language". [3]