Industry News

Brokers and agents speak out on MLS consolidation

Merger is in the works for six San Francisco-area MLSs

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A single multiple listing service "would definitely improve the productivity of their business," according to about 80 percent of brokers and agents who participated in a survey conducted for a group of six consolidating multiple listing services in the San Francisco Bay Area. About 2,275 agents and brokers participated in the survey, which was open to the MLSs' roughly 46,000 subscribers, according to an announcement today by the Northern California Real Estate Exchange (NCREX), the entity that is carrying out this consolidation plan. "An interesting finding was that small brokers had the same level of interest in regionalization as larger, multi-office companies," according to the announcement. Many agents commented that the current MLS structure was an inconvenience. Over 43 percent of the respondents to this poll belong to two or more MLSs." The NCREX effort seeks to create a single property listings database that seeks to eliminate the need for agents and brokers to join multiple ...