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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.
The MLS is controlled by the real estate industry and has been the subject of many lawsuits. This value is not necessarily how long the house has been on the market due to intricacies within the multiple listing service (MLS) database. Depending on the rules of the MLS that is being used, the number is reset if a seller switches real estate agents.
The MLS, or Multiple Listing Service, compiles the homes that are for sale in a particular area.
The whole point of the MLS, though, is to have all listings in one place for everyone to find — the system falls apart if agents get to pick and choose which ones to contribute.
MRIS operates two parallel systems available only to licensed brokers, agents, and others (such as appraisers): "MATRIX" which is the database of property listings in all classes (including residential to raw land and lots) and categories from "Active" through "Sold" going back over more than ten years; and "KEYSTONE" the data entry site for agents to input new listings and update them.
AOL Search FAQs Learn tips to yield better searches, like filtering your search by location, date range, or specific category with AOL Search FAQs. AOL.com · Nov 6, 2023
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