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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.
Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
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.
Before the Multiple Listing Service (MLS) was introduced in 1967, when brokers (and their licensees) only represented sellers by providing a service to provide legal documentation on the transfer real property, the term "real estate salesperson" may have been more appropriate than it is today, given the various ways that brokers and licensees ...
Currently this is the largest MLS in North America, and it has evolved from a county-based system controlled by individual Associations of Realtors operating as members of and under the rules of the National Association of Realtors. By the early 1990s it became apparent that a sophisticated computer-based system was necessary to integrate the ...
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In finance, flipping is the practice of purchasing an asset and quickly reselling (or "flipping") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and selling properties for profit.
More than 11 million fans have attended Major League Soccer matches this year, breaking the regular season attendance record.. With 16 games still remaining before the start of the MLS Cup ...