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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.
Dan Gilbert is an American billionaire, businessman, and philanthropist who co-founded Rocket Mortgage, formerly Quicken Loans, in 2002. He also owns the Cleveland Cavaliers, several other sports franchises, and various businesses and investments in Detroit and Cleveland.
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.
Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction.
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MRIS is a large MLS system that serves real estate professionals in the Baltimore-Washington Metropolitan Area. It offers database systems, legal issues, and public access websites for property listings.
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