MLS Database Clause Samples
The MLS Database clause defines the rules and permissions regarding the use, access, and management of the Multiple Listing Service (MLS) database within a real estate transaction or agreement. It typically outlines who is authorized to input, modify, or retrieve property listing information, and may specify restrictions on data sharing or usage to protect proprietary information. This clause ensures that all parties understand their rights and obligations concerning the MLS data, thereby promoting data integrity, compliance with MLS policies, and reducing the risk of unauthorized use or disclosure.
MLS Database. The parties acknowledge that among the services offered by NTREIS is a computer-based electronic on-line information system (the "On-Line MLS System") designed to provide, and which provides, MLS Participants with access to current and historical information and data, and compilations of such information and data, about residential and commercial real estate listings and leases (the "MLS Database").
MLS Database. The parties acknowledge that among the services offered by TCMLS/TCAOR is a computer-based electronic on-line information system (the "On-Line MLS System") designed to provide, and which provides, MLS Participants with access to current and historical information and data, and compilations of such information and data, about real estate listings and leases (the "MLS Database").
MLS Database. The compilation of listings of a MLS maintained in any format, including as an electronic database, and made available to MLS Participants and Subscribers.