Metropolitan Regional Information Systems
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Metropolitan Regional Information Systems
Metropolitan Regional Information Systems, Inc. (known as MRIS) provides a multiple listing service in the United States. As of mid-July 2010, it served 51,171 real estate professionals in Baltimore-Washington Metropolitan Area including Maryland, Washington DC, Northern Virginia, and parts of West Virginia and Pennsylvania. Currently this is the largest MLS in North America, and it has evolved from a county-based system controlled by individual Associations of Realtors operating as members of and under the rules of the National Association of Realtors. By the early 1990s it became apparent that a sophisticated computer-based system was necessary to integrate the MLS systems of the many counties and jurisdictions in the tri-state areas (or, at least, tri-jurisdictions) of Maryland, Washington, DC and Virginia, most of which were in close proximity to the capital. Originally, many county Associations offered dumb-terminal access to the MLS only in brokers' offices at speeds suc ...
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Windows 3
Windows 3.x means either of, or all of the following versions of Microsoft Windows: * Windows 3.0 * Windows 3.1x Windows 3.1 is a major release of Microsoft Windows. It was released to manufacturing on April 6, 1992, as a successor to Windows 3.0. Like its predecessors, the Windows 3.1 series ran as a shell on top of MS-DOS. Codenamed Janus, Windows 3. ... Windows NT * Windows NT 3.x 3.x {{Short pages monitor ...
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Flat Fee MLS
Flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction. A flat-fee MLS brokerage typically unbundles the services a traditional real estate brokerage offers and lists the property for sale in the local multiple listing service (MLS) à la carte without requiring the seller to use all services. The primary objective of a flat-fee listing is to be exposed on the MLS and cut the listing side of the commission completely out by dealing directly with "buyer's agents." In most cases, the seller saves approximately half of the traditional commission and maintains complete freedom to sell on their own. The buyer's broker is still typically offered a percentage though that could be a flat fee as well. History A Flat-fee listing on the MLS would provide the seller with a listing just like ...
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Metropolitan Regional Information System, Inc
Metropolitan may refer to: * Metropolitan area, a region consisting of a densely populated urban core and its less-populated surrounding territories * Metropolitan borough, a form of local government district in England * Metropolitan county, a type of county-level administrative division of England Businesses * Metro-Cammell, previously the Metropolitan Cammell Carriage and Wagon Company * Metropolitan-Vickers, a British heavy electrical engineering company * Metropolitan Stores, a Canadian former department store chain * Metropolitan Books, an imprint of Henry Holt and Company Colleges and universities * Leeds Metropolitan University, United Kingdom * London Metropolitan University, United Kingdom * Manchester Metropolitan University, United Kingdom * Metropolitan Community College (Omaha), United States * Metropolitan State University of Denver, United States ** Metro State Roadrunners * Metropolitan State University, in Saint Paul, Minnesota * Oslo Metropolitan University, ...
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NeighborCity
NeighborCity was a residential real estate information and service company that rated real-estate agents in the United States, offering a way for buyers and sellers of homes to compare and evaluate agents. It was based in San Francisco. The company rated almost every member of the National Association of Realtors in the United States, based on transaction and listing history. NeighborCity analyzes agents' performance based on closing rate, number of closings, number of active listings, geographic specialization, number of days on market, rate of dual agency, sales price per square foot, and the difference between ask and sale price, for the homes they sell. NeighborCity provides an evaluation of the quality of service delivered by agents, with respect to their clients' interests and relative to competing real-estate agents. The company also maintained a national database of real-estate listings. The site recommended corresponding independent buy-side real estate agents next to e ...
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United States Antitrust Law
In the United States, antitrust law is a collection of mostly federal laws that regulate the conduct and organization of businesses to promote competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts serve three major functions. First, Section 1 of the Sherman Act prohibits price fixing and the operation of cartels, and prohibits other collusive practices that unreasonably restrain trade. Second, Section 7 of the Clayton Act restricts the mergers and acquisitions of organizations that may substantially lessen competition or tend to create a monopoly. Third, Section 2 of the Sherman Act prohibits monopolization. Federal antitrust laws provide for both civil and criminal enforcement. Civil antitrust enforcement occurs through lawsuits filed by the Federal Trade Commission, the United States Department of Justice Antitrust Division, and p ...
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Realtor
A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency. Many states require written disclosures to be signed by all parties outlining the duties and obligations. Generally, real estate brokers or agents fall into four categories of representation: *Seller's agents, commonly called "listing brokers" or "listing agents", are contracted by owners to assist with marketing property for sale or lease. *Buyer's agents are brokers or salespersons who assist buyers by helping them purchase property. *Dual agents help ...
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Real Estate Broker
A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency. Many states require written disclosures to be signed by all parties outlining the duties and obligations. Generally, real estate brokers or agents fall into four categories of representation: *Seller's agents, commonly called "listing brokers" or "listing agents", are contracted by owners to assist with marketing property for sale or lease. *Buyer's agents are brokers or salespersons who assist buyers by helping them purchase property. *Dual agents hel ...
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Baud
In telecommunication and electronics, baud (; symbol: Bd) is a common unit of measurement of symbol rate, which is one of the components that determine the speed of communication over a data channel. It is the unit for symbol rate or modulation rate in symbols per second or pulses per second. It is the number of distinct symbol changes (signalling events) made to the transmission medium per second in a digitally modulated signal or a bd rate line code. Baud is related to ''gross bit rate'', which can be expressed in bits per second. If there are precisely two symbols in the system (typically 0 and 1), then baud and bit per second (bit/s) are equivalent. Naming The baud unit is named after Émile Baudot, the inventor of the Baudot code for telegraphy, and is represented according to the rules for SI units. That is, the first letter of its symbol is uppercase (Bd), but when the unit is spelled out, it should be written in lowercase (baud) except when it begins a senten ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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National Association Of Realtors
The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. It has over 1.4 million members, making it one of the biggest trade associations in the USA including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. The organisation holds a U.S. trademark over the term " realtor", limiting the use of the term to its members. NAR also functions as a self-regulatory organization for real estate brokerage. The organization is headquartered in Chicago. Overview The National Association of Realtors was founded on May 12, 1908 as the ''National Association of Real Estate Exchanges'' in Chicago, Illinois. In 1916, the National Association of Real Estate Exchanges changed its name to The National Association of Real Estate Boards. The current name was adopted in 1972. NAR's members are residential and commercial real estate brokers, real estate sales ...
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