Found 2 blog entries tagged as mls.

Everything has its own jargon; its own terminologies. Real estate is no exception. Are you searching for the meaning of some words listed in your contract, or looking to understand a word you heard your Realtor say, but were too afraid to ask? Never fear, C21 Able is here. We've made a small dictionary of real estate terms for you! Bookmark or favourite this page to have as a handy reference while you're going through the home buying or home selling process.

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Active contingent

When a seller accepts an offer from a buyer, that offer hinges on the buyer’s ability to meet certain conditions before sale finalization. Contingencies might include the buyer selling their home, receiving mortgage approval, or reaching an agreement with the seller…

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Photo of Multiple Listing Service MLS logo

You've seen those six digit numbers associated with house listings. You know they're used for identification. You know there's a whole system dedicated to identifying almost every house for sale. But do you know why the system exists, or who it's for? Do you wonder why these numbers even matter, especially if a home is listed online? Well, you've come to the right place. We're going to tell you everything you need and want to know about the Multiple Listing System (MLS®) in Canada.

 

WHAT IS MLS®?

First off, MLS is an acronym. It stands for Multiple Listing Service. This service is actually an extensive database owned and operated by Realtors across the country. Imagine if the software you use for work everyday was available to the public…

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