TREC Sales Agent Practice Exam

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What is the "MLS" in real estate?

A tool for real estate agents to negotiate

A Multiple Listing Service, a database of properties for sale

The term "MLS" stands for Multiple Listing Service, which is a cooperative database used by real estate professionals to share information about properties that are for sale. This service enables agents to access a comprehensive list of available properties, which they can then present to potential buyers. The MLS facilitates collaboration among agents, allowing them to market their listings to a wider audience and providing buyers and sellers with a centralized resource to find real estate opportunities.

Overall, the Multiple Listing Service is essential for conducting efficient and effective real estate transactions, as it enhances visibility for sellers and provides a robust selection for buyers. It helps streamline the process of buying and selling homes, making it a fundamental part of the real estate industry.

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A marketing strategy for properties

A type of loan specifically for buying homes

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