What does the acronym "MLS" stand for in real estate?

The acronym "MLS" stands for "Multiple Listing Service." This is a comprehensive database used by real estate professionals to share information about properties that are for sale. An MLS allows real estate agents to collaborate and communicate about listed properties within a specific area, providing a platform for agents to access a wider range of listings. It helps both buyers and sellers by increasing market exposure and facilitating the buying and selling process.

The other options, while they may contain terms relevant to the real estate industry, do not accurately define what MLS represents. "Mortgage Lending System," "Market Listing Standards," and "Mortgage Loan Service" are not recognized terms in the context of property listings or real estate databases. The significance of MLS in real estate lies in its role in enhancing cooperation among agents and ensuring comprehensive property information is available to facilitate transactions.