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The seller's agent then lists the home on a multiple listing service, a local database where other agents can find details on homes for sale, and promises to split their commission with the buyer ...
A real estate agent with Re/Max shows a prospective buyer a home in 2014 that is listed as a short sale in Coral Gables, Fla. (Joe Raedle/Getty Images) (Joe Raedle via Getty Images) 'An exclusive ...
Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. A short sale can help you get out of an underwater situation, but ...
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. A flat-fee MLS brokerage typically unbundles the ...
Since about 1970, California has been experiencing an extended and increasing housing shortage, [ 1]: 3 such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. [ 2]: 1 [ 3] This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million [ 4 ...
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