What is the name of the database where local member brokers share listings?

The correct answer is Multiple Listing Service (MLS). The MLS is a comprehensive database that allows real estate brokers and agents to share their property listings with one another. This cooperative system facilitates the sharing of listings across a network of local real estate professionals, enabling them to access a wider range of properties than they could on their own.

By utilizing the MLS, brokers can collaborate to find buyers for their listings more effectively, and buyers benefit from having access to a larger pool of properties. Typically, properties listed in an MLS are offered with set terms for cooperation and compensation, which encourages collaboration among brokers and enhances marketing efforts.

While the other options suggest various means for sharing real estate information, they do not represent a standardized system like the MLS, which is specifically designed for this purpose and is widely recognized in the real estate industry.