MLS (Multiple Listing Service) refers to professional networks of estate agencies that formalise property collaboration—also known as shared exclusivity—where multiple agencies work together to sell a property under a single exclusive contract.
Exclusive listings benefit the seller by ensuring that the agency is fully committed to selling their property. However, with shared exclusivityShared exclusivity, known as colaboración inmobiliaria or exclusividad multiple in Spanish, are part of a sales model in which several estate agencies work together to sell a property under a single e... More through an MLS, this advantage is amplified, as collaboration among several agencies allows the property to reach a wider pool of potential buyers, often resulting in a quicker sale.
The sales commission is split between the agency representing the seller and the one that closes the sale, encouraging cooperation while ensuring that both parties benefit fairly.
