MLS (multiple listing service)
A regional database of listings shared among member brokerages, which feeds Zillow, Realtor.com, Redfin, and brokerage websites.
Only licensed member brokerages can enter listings. A flat fee listing gives you MLS entry through a licensed broker of record without a percentage commission.
Related
- Broker of record: The licensed brokerage, and its broker-in-charge, legally responsible for a listing on the MLS.
- Syndication: Automatic distribution of MLS listing data to consumer websites and brokerage sites.
- IDX (Internet Data Exchange): The arrangement that lets brokerage websites display other brokerages' MLS listings.