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MRIS operates two parallel systems available only to licensed brokers, agents, and others (such as appraisers): "MATRIX" which is the database of property listings in all classes (including residential to raw land and lots) and categories from "Active" through "Sold" going back over more than ten years; and "KEYSTONE" the data entry site for agents to input new listings and update them.
Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value).Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a centralized ...
When real estate agents list a property for sale, they add it to the MLS database, allowing all agents and brokers in the region who have access to the system to review the listing. Buyers ...
Major League Soccer (MLS) is the premier professional soccer league in the United States and Canada. The league has 29 teams in 29 stadiums as of the 2023 season: 26 in the United States and 3 in Canada; a 30th team is planned to enter in 2025. At the time of the league's inauguration in 1996, MLS teams used multi-purpose stadiums, often shared ...
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Broker's price opinion. A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA ( Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a ...
Appraiser gives an opinion and writes a report – The appraiser takes photos to document the property’s condition and, in the case of a single-family home, completes a form called the Uniform ...
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