MLSi stands for Multiple Listing Service. This is a system, usually run and supported by the local Real Estate Board, that has details of almost every home listed for sale with a real estate agent.
It used to be a big giant notebook with paper printouts but today has been computerized in virtually every reaql estate market in the country. Licensed agents (who are current on their local board dues) can submit and search the MLS for homes listed for sale.
Just a few years ago, Realtors were the only people with access to the MLS. But now it's possible for anyone with an Internet connection to search the MLS. There are large national websites with MLS listings, but these are typically out of date. Finding a local Realtors web site is usually the best way to search the MLS. Many Realtors will require you to "register" before you search the MLS. This is a way for the Realtor to capture your name and email address (and maybe more) so they can then "work the lead" that you've just become. Some Realtors do not require registration to search the MLS. You can search the Phoenix area MLS, without registration on our main site (or search the MLS on our blog too!)

Craigslist is free website
Craigslist is free website that you can search for any types of services not to mention MLSi.
-Jan
Real Estate Resource
Is Craigslist safe for real estate?
I see the comment on Craigslist, but I have to wonder if that is a safe place considering the size of the investment in a home. I just think that a home or piece of real estate, should be transacted more carefully unless YOU really know what you are doing. There could be a lien on the property, an assessment or a whole list of other issues.
MLS
Craigslist is great but I would not recommend searching for houses on it. While a MLSi is an up to date listing of houses craigslist is a grab bag. Houses listed on the MLS usually never make it to craigslist and if they do its often weeks later. Additionally once houses sell they are taken off the mls in a day or so. The same is not true of craigslist.
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