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
An agreement, debt, or low which can be operationalized, fulfilled, completed, or performed. ...
Individual with legal privileges and obligations. The legal term is sometimes used for a corporation. ...
Corporation whose stockholders are taxed as partners. That is, income is taxed as direct income to the shareholders. The key advantage of this tax treatment is that shareholders escape ...
A real estate owner's policy and rules regarding the use of the property by the tenant. In insurance, a contract that provides coverage against given risks. Coverage limits for real ...
Modification made by a municipality to the zoning of a locality. A change in zoning typically has to be requested and approved by a zoning commission and then the legislative body. It can ...
Same as term spot zoning: Zoning a portion of land in a given area for different purposes than its surrounding functions. For example, a locality may decide to spot zone a vacant lot in a ...
Notice of a pending suit; a public notice given to prospective purchasers and any one else considering an interest in property that the title is being legally challenged, and the outcome is ...
A situation that occurs when borrowed funds cost more than they produce. ...
Partially amortized and requiring a lump sum (balloon) payment at maturity. ...
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?
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