In real estate, what does "MLS" stand for?

In real estate, "MLS" stands for Multiple Listing Service. This is a comprehensive system used by real estate professionals to share information about properties that are for sale. An MLS allows listing agents to post details about a property, including its price, features, and photographs, which can then be accessed by buyer agents and other professionals in the market. This centralized database promotes cooperation among agents and offers greater exposure for properties, ultimately benefiting both sellers and buyers.

The significance of the MLS lies in its ability to facilitate communication and transactions within the real estate community, making it an essential tool for agents. It helps streamline the buying and selling process, providing valuable market data and trends that agents can utilize to inform their clients.