What does the acronym MLS stand for in real estate?

The acronym MLS stands for Multiple Listing Service. This term refers to a database that real estate agents use to share information about properties for sale. When a property is listed in the MLS, it becomes accessible to all members of that service, allowing agents to collaborate and market the property effectively. The MLS facilitates cooperation between real estate professionals, leading to increased exposure for the listings and ultimately providing better service to clients. By pooling their listings, agents can offer a broader selection of properties to potential buyers. This collaborative environment enhances the efficiency of the buying and selling process, which is crucial in the competitive real estate market.