What is the name of an organization where brokers share listing information?

The correct answer is Multiple Listing Service (MLS). An MLS is a centralized database where real estate brokers and agents can share information about properties for sale. This cooperation allows members to access a wide range of listings, facilitating better service to their clients by pooling resources and maximizing market exposure for properties. The MLS not only includes detailed listing information, such as property features and prices, but also enables brokers to collaborate in terms of commissions and marketing strategies.

While organizations such as a Real Estate Board may provide networking opportunities and industry standards, they do not primarily serve as platforms for sharing real estate listings like the MLS does. Similarly, Real Estate Networks and Broker Alliances may focus on collaboration among professionals but typically do not have the same comprehensive listing capabilities that an MLS offers. This emphasis on shared information and cooperative marketing is what sets the MLS apart as a vital tool in real estate transactions.