Brokerage & Agency

    Multiple Listing Service (MLS)

    A cooperative system in which member brokers share their listings and offers of cooperation with one another.

    A multiple listing service is a private cooperative among member brokers to pool their listings and offers of cooperation. It gives sellers broad exposure to other brokers' buyers and gives buyers access to many properties through a single source.

    It is run by brokers and associations, not by the government.

    On the exam

    The MLS is a private broker cooperative for sharing listings, not a government agency or public registry.

    Exam trap

    The MLS is run by brokers, not the state. It is a cooperation tool, not a licensing body.

    Tested in

    The Real Estate Business (1% of the exam)

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    This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.