MLS (Multiple Listing Service) is a database used by real estate agents and brokers to share information about properties for sale. It is designed to facilitate the buying and selling process by providing detailed listings accessible to all members.
Subagency is a real estate relationship where a sales agent attempts to sell a property listed with another broker. This arrangement is commonly seen within a Multiple Listing Service (MLS). Under subagency, the listing broker and the selling broker share the commission upon a successful sale.
A Virtual Office Website (VOW) is an internet site created and operated by a real estate broker to attract potential home buyers. It typically allows users to search current listings on the Multiple Listing Service (MLS) and contact an agent through the internet. The broker may or may not have a physical office in addition to the website.
Zillow is a comprehensive real estate service that aggregates listing data on houses for sale from various local MLS (Multiple Listing Service) sources. It features these homes on its website, provides property valuations, and recommends real estate salespersons to help potential buyers tour and purchase homes. The platform also includes myriad tools such as rental listings, mortgage calculators, and market insights.
