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2. What is the MLS, and how does it work? - AOL

   www.aol.com/finance/mls-does-165037677.html

   When real estate agents list a property for sale, they add it to the MLS database, allowing all agents and brokers in the region who have access to the system to review the listing. Buyers ...

3. Multiple listing service - Wikipedia

   en.wikipedia.org/wiki/Multiple_listing_service

   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.

4. Flat-fee MLS - Wikipedia

   en.wikipedia.org/wiki/Flat-fee_MLS

   In a flat fee MLS listing, the listing agreement between the real estate broker and the property owner typically requires the broker to enter the property into the MLS and provide other contracted services, with the broker acting as what the traditional industry has coined a "limited service broker". However, the flat fee industry prefers the ...

5. Listing contract - Wikipedia

   en.wikipedia.org/wiki/Listing_contract

   A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:

6. Real Estate Definitions Every Seller Should Know - AOL

   www.aol.com/news/2010-09-14-terms-every-seller...

   Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...

7. Days on market - Wikipedia

   en.wikipedia.org/wiki/Days_on_market

   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.