If you are looking for a new home or you are looking to sell your home, you might be considering using the MLS. The letters “MLS” stand for “multiple listing service.” This is a service that is either local or regional that gathers real estate listings — homes that are for sale.

What does it mean when a house is MLS?

Multiple Listing Service (MLS): What Is It An MLS is a private offer of cooperation and compensation by listing brokers to other real estate brokers. … The MLS is a tool to help listing brokers find cooperative brokers working with buyers to help sell their clients’ homes.

What does Pending MLS mean?

When a home listing in the multiple listing service (MLS) or on an online listing portal like Zillow (NASDAQ: Z) (NASDAQ: ZG) shows as “pending” or “sale pending,” it means that the seller has accepted an offer on the home from a buyer.