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GLOSSARY
Multifamily mortgage
A loan used to buy an apartment building and where the property is collateral.
Multiple Listing Service - MLS
Multiple Listing Service, or MLS, is a marketing organization comprised of real estate brokers who agree to pool their home listings. The MLS makes the home search more efficient for home seekers, and provides brokers with access to a larger audience.
Municipal housing inspector
An employee of the government who is sent out to inspect homes that are under construction to ensure that the contractors are building to code.
Mutual fund
A mutual fund is a professionally managed portfolio of securities that builds capital by selling shares to investors. Mutual funds give the individual investor access to a diversified, regulated portfolio. The fund publishes its investment strategy and objective along with its historic performance in a prospectus. Gains or losses in the portfolio are shared by the shareholders/investors.