What does MLS stand for in real estate?

In real estate, MLS stands for Multiple Listing Service. This is a comprehensive database used by real estate professionals to share information about properties available for sale. The MLS allows agents to gain access to detailed property listings and share listings with other members, which helps facilitate transactions between buyers and sellers. It also enhances the visibility of properties to potential buyers, as many listings are accessible to the public through various real estate websites and platforms. This system fosters cooperation and collaboration among real estate brokers, ultimately benefiting the clients they serve. The other options do not accurately reflect this widely recognized term in real estate.