What does MLS stand for in real estate?

In real estate, MLS stands for Multiple Listing Service. This is a vital tool that allows real estate brokers and agents to share information about properties for sale. The MLS is essentially a database that consolidates listings from various sources, providing a comprehensive overview of available properties within a specific market or region.

By using an MLS, brokers can collaborate to market properties more effectively, gain wider exposure, and facilitate transactions by providing essential details such as property specifications, pricing history, and open house information. The framework of an MLS promotes cooperation among real estate professionals while enhancing the information available to consumers.

The other options—Multiple Lease System, Market Listing Standard, and Market Lease Service—do not align with the recognized terminology or function within the real estate industry. They do not accurately represent the collaborative and informational nature of an MLS, making the choice of Multiple Listing Service the correct one in this context.