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Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
76% - Very Often

Multiple Listing Service

Synonyms:home listings, homes for sale, multiple listing system, real estate for sale
Acronyms &
Relevant locations:Canada
Filed Under: real-estate
Tags: property listing, realty
Narrowly associated with: [The Canadian Real Estate Association]

Definition of Multiple Listing Service (MLS)

Multiple Listing Service (MLS)
1. 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.

Related Terms and Acronyms:

  • caravan   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)
  • cul-de-sac (Cldsc, Culd)   A dead-end street, often with a broad circle at the end.
  • days on market (DOM)   The period between listing and sale, or listing and a property being taken off the market.
  • exclusive listing   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   The dwellings for sale in a given market.
  • open house (OH)   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   A property that a number of brokers can market and sell for a commission.
  • Regional Multiple Listing Service (RMLS)

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