Industry News

Realtor support for public MLS sites declines

NAR MLS survey reveals changing industry dynamics

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Consolidation of multiple listing systems and expanded data-sharing agreements are the key issues facing MLSs as the industry's dynamics continue to evolve at an increasing pace, according to the latest survey of technology use in MLSs conducted by the Center for Realtor Technology of the National Association of Realtors. CRT's fourth annual survey of technology use shows major new trends and emerging issues, including a decline in support for public Web sites, increased concern for information security and accelerating trends in technology use, including major increases in the use of mapping on MLS systems. The survey of MLS technology shows support from both Realtors and MLS executives for bigger market territories for Realtors. "The rapid pace of change within the industry is likely to lead to further MLS consolidations in the near future," said Thomas M. Stevens, 2006 NAR president and senior vice president of NRT Inc., from Vienna, Va. There is strong interest in expanding market...