association of real estate brokers who agree to share listings with one another. The listing broker and the selling broker share the commission . The MLS usually distributes a book with all listings to its members, updating it frequently. Prospective buyers benefit from the ability to select from among many homes from any member broker.

an association of real estate brokers that agrees to share listings with one another. The listing broker and the selling broker share the commission . The MLS usually furnishes its members with a book containing all the listings or publishes them online, updating the book or online data frequently. Prospective buyers benefit from the ability to select from among many homes from any member broker.

Example: Abel and Baker, both brokers, are members of the multiple listing service. A home that was listed by Abel under an exclusive right to sell is sold by Baker. The two brokers share the commission. The sharing may be 50/50 or some other split as indicated in the listing.