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Courting MLSs for listings data

WAV Group report analyzes opportunities, trade-offs for MLSs

A new report analyzes emerging opportunities for multiple listing services to generate revenue or provide additional services for members by sharing listings data with third parties. The report, by WAV Group consulting firm, examines overtures made to MLSs in recent months by the National Association of Realtors, First American CoreLogic, IMAPP Inc. and Realtor.com operator Move Inc. Produced for the Council of Multiple Listing Services (CMLS), the report is aimed at helping MLSs and their governing boards decide whether partnering with those companies makes sense, based on each MLS's unique local circumstances. The report, "New Ways to Leverage MLS Data," will also be considered a must-read by some real estate brokers and agents because it provides a glimpse into what the future may hold for MLSs -- as well as insight into how third parties want to use the listings data that brokers provide to MLSs. The report examines four new opportunities for M...

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