What is a Multiple Listing Service?
A Multiple Listing Service is a compilation of private databases that are shared among real estate brokers who agree to make their listing agreements available with one another in order to easily find property buyers who are ready and willing to purchase. This allows the properties to be sold quicker than most brokers could do on their own. Brokers in turn earn sales commissions from the sale of their listed properties and the properties they help sell as a representative for the buyer.
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