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
English-style home. It is usually 2-stories high. The roof is of a hip type. The chimney is on the side of the home. ...
A testator/testatrix who donates real property. ...
If you’re looking for the real estate agent definition, you’re in the right place. So, in the following paragraphs, we will try to examine the complex job of a real estate ...
Also called earnest money. Money deposited with an individual for security for the performance of some contract. This is intended to show his/her willingness to follow through with the ...
Document that must accompany a new issue of securities for a real estate company or partnership. It includes the same information in the registration statement, such as a list of directors ...
To depreciate is to lose value for something. Depreciation is the act of losing worth.Connecting with real estate, Property depreciation can be both an accounting method typically used to ...
A person has the option of canceling a contract previously agreed to. ...
A delay in making a principal payment on a mortgage that a bank allows a debtor for current financial difficulties. The extension of a loan at maturity at the 'going' market interest ...
Initial offer to buy or sell answered with a revised offer. For example, a buyer offers $500,000 for a home put on the market. The owner rejects the offer but submits a counteroffer for ...
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.