What does the acronym "MLS" refer to in real estate?

The acronym "MLS" stands for Multiple Listing Service, which is a comprehensive and cooperative database used by real estate professionals to share information about properties for sale. This service allows real estate agents to access a wide array of property listings, making it easier for them to find suitable homes for their clients. The MLS is essential for facilitating communication among agents and ensuring that properties receive maximum exposure in the market.

This cooperative system benefits sellers by increasing the visibility of their listings, and it aids buyers by providing a centralized source of property information. Real estate transactions often rely on the accuracy and up-to-date information provided by the MLS, making it a critical component of the real estate industry.