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A multiple listing service (MLS) is an organization that real estate brokers use to share information and compensation for properties. Learn about the origin, purpose, benefits, limitations and criticisms of MLS systems in different countries and regions.
A real estate agent is a person who represents sellers or buyers of real property, usually under a licensed broker. Learn about the categories of representation, the real estate licensing and education requirements, and the types of services that a broker can provide.
A listing contract is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. The contract must include the listing price, the commission, the expiration date, and the type of listing (exclusive or open).
Sub-agent is a term for a real estate broker or agent who works for a seller's broker and helps a buyer find a property. Learn about the history, advantages and disadvantages of sub-agency, and how it differs from buyer brokerage and transaction brokerage.
A reseller is a merchant who buys goods or services to sell them rather than use them. Learn about different types of resellers, such as online, software, web, and sustainability resellers, and their history and trends.
NAR stands for National Association of Realtors, a professional organization for real estate brokers, salespeople, and others. NAR has over 1.5 million members, sets policies for MLS systems, and lobbies for the industry.
Learn about the profession of buying, selling, managing or renting real estate (land, buildings, or housing). Find out how real estate transactions are performed, regulated and studied in different countries and jurisdictions.
Internet Data Exchange (IDX) is an agreement between real estate agents to display MLS properties online across multiple websites. Learn about the rules, pricing, and standards of IDX, and how it differs from Internet Listing Display (ILD).