Question

An association of real estate agents providing for a pooling of listings and the sharing of commissions on a specified basis is known as the

Answer 1

The answer is Multiple listing service.

A multiple listing service (MLS) is a database. It was established by cooperating real estate brokers to provide data about properties for sale.

It allows brokers to see one another broker’s listings of properties for sale with the goal of connecting homebuyers to sellers.

Also, it features foreclosures, new construction, international properties, and real estate classes.

MLS is independently owned and operated. Currently, it is not affiliated.

Usually, MLS creates a book or an electronic database with all of the houses for sale by affiliated brokers, who update it on a regular basis.

Hence, an association of real estate agents providing for a pooling of listings and the sharing of commissions on a specified basis is known as the Multiple Listing Service.

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