The Florida multiple listing service aka Florida MLS, also Florida multiple listing system or Florida multiple listings service is a suite of Florida real estate listing services that enables Florida real estate brokers across the state of Florida to establish contractual offers of compensation among Florida MLS listing brokers and facilitates cooperation with other Florida broker participants, accumulates and disseminates information to enable Florida appraisals, and is a facility for the orderly correlation and dissemination of Florida MLS listing information to better serve Florida real estate broker’s and their clients their customers and the general public. The Florida multiple listing service is a real estate database and software is used by Florida MLS listing brokers in representing Florida home sellers under a Florida MLS listing contract to widely share information about Florida homes for sale with other Florida brokers who may represent potential Florida home buyers or wish to cooperate with a seller’s broker in finding a home buyer for the property or asset. The MLS listing data stored in the Florida multiple listing service’s database is the proprietary information of the Florida listing broker who has obtained a listing agreement with a Florida home seller.
According to the Florida Association of Realtors:
In the late 1800s, Florida real estate brokers regularly gathered at the offices of their local Florida associations to share information about properties they were trying to sell. Florida sales associates agreed to compensate other brokers who helped locate buyers to sell those properties, and the first Florida MLS listing system was born, based on a fundamental principle that’s unique to organized real estate: Help me sell my Florida MLS listings and I’ll help you sell yours.
Seen most widely in the United States and Canada, but spreading to other countries such as the UK, MLS is found in a variety of forms. A typical MLS combines the listings of all available properties that are represented by brokers who are both members of that MLS system and of a national real estate association, such as the U.S. National Association of Realtors (NAR), Canadian Real Estate Association (CREA), and the UK Independent Network of Estate Agents (INEA).