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Glossary Of Terms

Below is a listing of common terms used in respect to ListingWare and its services.

Agent

- An individual real estate professional that lists properties with an MLS. Since A membership fee is generally charged by the MLS for this service, thus Agents, together with Offices, are collectively referred to as Members.

Broker

- A business entity that lists properties with the MLS. Agents associate with Brokers for the purpose of conducting real estate sales. An Office may also be a Broker in cases where the Broker operates a single business Office; however, the converse is not always true - Large Brokers that operate multiple Offices are considered separate entities with respect to ListingWare.

Broker Reciprocity / Internet Data Exchange / IDX

- The policy created by the National Association of Realtors (NAR) that governs how Members can display listings of other Members on their web sites. NAR mandated that all MLSs must have a Broker Reciprocity-compliant solution in place by January 1, 2002.

Consumer

- An individual of the general public that views a Member's or the MLS's web site. A Consumer is the ultimate end user for ListingWare's service, although they generally would be unaware that ListingWare is providing the service; the listing information simply appears as part of the Member's web site.

Framing

- Displaying a web page so that the Member's web page "wraps around" the ListingWare web page in a manner such that they appear as one web page (the Member's).

Listing Management System

- The information system used by Members of an MLS, which is controlled and governed by the MLS, that both describes the procedure and manages the information for property listings in a particular geographic area. ListingWare draws the listing information, in the form of textual data and listing photographs, from the listing management database in order to become the basis for ListingWare's services. Examples of listing management systems are REXplorer, Marketlinx, SEI, Solid Earth, and Paragon, to name a few.

ListingWare

- ListingWare describes the service that provides Members a simple, cost-effective means of displaying their MLS property information online. ListingWare also refers to the company that partners with the MLS to provide this services.

Member

- Either an Agent or an Office that can subscribe to ListingWare services.

Multiple Listing Service (MLS)

- The entity for a particular geographic area that provides listing management services for the real estate professionals in that area. ListingWare provides services to the Members of the MLS.

Spawning

- Causing a new browser window to open for the display of ListingWare information, which can then be closed when the search session is complete.