Multiple Listing Service

A real estate licensee who is a member of the NATIONAL ASSOCIATION
OF REALTORS® is called a REALTOR® or REALTOR® ASSOCIATE.
These terms are not synonymous with broker, broker associate, or
salesperson. In some areas of South Dakota, local boards of REALTORS®
operate a Multiple Listing Service (MLS) for its members. The MLS
compiles and distributes a list of all properties listed by its members and
provides its members with information to better serve the consumer. When
a property is sold through MLS, the listing brokerage and the selling
brokerage divide the commission according to a negotiated agreement.

 

To learn more about MLS please view this link https://dlr.sd.gov/realestate/publications/consumer_guide.pdf