Multiple Listing Service

Definition

  • A database provided by The Canadian Real Estate Association and the National Association of REALTORS® that lists all properties in an area for sale or lease, excluding properties that are being sold directly by their owners without the aid of a real-estate agent.

Website
http://www.realtor.ca

Relevant Locations
Canada

Synonyms
multiple listing system, real estate for sale, home listings, homes for sale

Acronyms
MLS

Related Terms and Acronyms

  • Caravan Definition,
    • An outing in which a group of real-estate agents look at houses that have been listed for sale recently.
  • Commercial Investment Multiple Listing Service (CIMLS)Acronym,
    • Cul-De-Sac (Cldsc, Culd) Abbreviation,
      • A dead-end street, often with a broad circle at the end.
    • Days on Market (DOM) Acronym, Very Important,
      • The period between listing and sale, or listing and a property being taken off the market.
    • Exclusive Listing Definition,
      • A legal agreement giving one real-estate agent the right to sell a property for a specified period, but owners retain the right to sell their property themselves without paying the agent commission.
    • Listing Inventories Definition,
      • The dwellings for sale in a given market.
    • Open House (OH) Acronym,
      • A selling tool in which a real-estate agent advertises a property for sale and invites people to visit without making an appointment.
    • Open Listing Definition,
      • A property that a number of brokers can market and sell for a commission.
    • Regional Multiple Listing Service (RMLS)Acronym,
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