MLS & Associations

Brokers moving forward with mysterious ‘big initiative’ to address MLS concerns

First phase of Realty Alliance project won't 'become evident' to public until 2014

Now that The Realty Alliance's fall meeting is over, many in the real estate industry are eagerly awaiting the juicy details of the group's "big initiative," which is expected to have potentially disruptive consequences for multiple listing services and Realtor associations. Prepare to be disappointed. The Realty Alliance's board of directors and stockholders did indeed vote "yes" this week to take the next steps to advance the unspecified initiative, but the group has decided to remain mum on the particulars, Craig Cheatham, The Realty Alliance's president and CEO, told Inman News. "Those involved in the project affirmatively decided not to announce or discuss concepts or details about the initiative over the last couple of years. The Realty Alliance has chosen this week to remain in that mode for now and is hopeful our partners will continue that approach as well," he said. When asked when MLSs, agents or consumers would start to notice the first signs of the project, Cheath...