What does MLS stand for in real estate?

The term "MLS" in real estate stands for "Multiple Listing Service." This is a comprehensive database used by real estate professionals to share information about properties for sale. The purpose of an MLS is to facilitate cooperation among real estate agents, providing a platform for them to list properties and access listings from other agents, which helps clients find homes more easily. By using an MLS, agents can also ensure that their listings receive maximum exposure to potential buyers.

The Multiple Listing Service plays a crucial role in the real estate market by helping buyers and sellers connect efficiently, enhancing market transparency, and supporting pricing strategies based on a wide range of data. This collaboration within the MLS increases the chances of properties being sold faster and at better prices.

The other options do not accurately describe the common term used in real estate, reinforcing that "Multiple Listing Service" is the industry standard recognized by professionals.