MULTIPLE LISTING SERVICE
In most of the world, there's no such thing as a Multiple Listing Service (MLS). "Running comps," as any would-be real estate buyer would do when shopping in the United States, depends on referencing an MLS. But, again, no such organized, computerized, easily accessible database of properties on the market exists in most of the world. With limited exceptions, the MLS is a U.S. market phenomenon, an indispensable tool that, somehow, the rest of the world's real estate markets manage to survive without.
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