Multiple Listing
Definition of "Multiple listing"
Multiple Listing is the kind of Listing that is registered by a broker or a real estate agent at the Multiple Listing System (MLS). If a house is directly sold by an owner – the so-called For Sale By Owner (or FSBO) – who is not a real estate agent or a broker, it will not be considered a Multiple Listing because a property can only be listed at the Multiple Listing System (MLS) by a real estate agent or a broker.
RealEstateAgent.com ADVICE:
Since the basic definition of what constitutes a Multiple Listing is directly linked to the Multiple Listing System (MLS) we recommend you read the Multiple Listing System (MLS) definition in our Glossary Terms.
And feel free to use our Real Estate Agent Directory to search for a real estate agent to help you better understand Multiple Listings; after all, they are the ones who created and keep the Multiple Listing System (MLS) running!
Popular Real Estate Terms
Land development planning model theorizing that an urban area grows in rings expanding out from the central business district. The second ring is a shifting area having manufacturing and ...
A backfill defines the act of replacing a vacant lot. People use a backfill as a replacement for an unoccupied position. Backfill in construction and archaeology! The most common ...
To understand what a principal broker is, we have to go back up the family tree of real estate.You do understand all brokers can be real estate agents, but not every real estate agent can ...
What is a balcony? A balcony is a platform that extends outwards from the upper level of a building, typically attached to a wall or supported by columns. Balconies can be made of various ...
national trade association of people engaged in the mortgage banking business, dedicated to the betterment of the mortgage banking industry through education, legislation, and high ethical ...
Received immediately when an investment is made or contract signed. For example, a real estate limited partnership may require that an investor pay a 3% sale fee at the time of initial ...
Are you looking to sell your house or buy a new one? Then, you'll most assuredly encounter the term instrument at some point. If you don't want to ask people: "Please, define instrument to ...
An installment sale of land whereby the seller accepts a mortgage from the purchaser to complete the conveyance. After the mortgage has been satisfied, the deed is conveyed to the ...
Individual having permission to act ob behalf of a bank or other financial institution in a specified locality to attract interest borrowers. ...
Comments for Multiple Listing
Is net listing legal in US St. Croix, VI?
Jun 12, 2019 19:35:53Hello, Jessie! As you probably know, net listings in some states are not accepted, while in other states are discouraged. Digging for the right laws online not only takes a lot of time, but you may not even find what you are looking for, so our advice would be to get in touch with a real estate lawyer or ask a real estate agent from the Virgin Islands. They must know whether this practice is legal or not.
Jun 13, 2019 07:40:16Have a question or comment?
We're here to help.