NEW YORK -- When John Mosey heard his multiple listing service, NorthstarMLS, would be one of the pilot markets for broker platform Upstream at an industry event last year, that was news to him. No one had ever asked. The MLS CEO said he's happy to help, but that doesn't mean he knows what the project will entail. "I literally have no idea, but I have a lot of confidence," Mosey told attendees at the Inman Connect conference last week in a panel about the project. Communication has not been Upstream's forte. From that first cryptic warning in 2013 that something was afoot among big brokers to the National Association of Realtors' annual conference in November, many MLS executives have been left with unanswered questions. David Charron But this time, Upstream's leaders were...
- Backers say Upstream will be "a single source of truth" for broker information, entered in one place and distributed to the MLS and other tools at broker discretion.
- Upstream will have a data field for compensation, but brokers will only be able to see their own information. Therefore, Upstream will not facilitate cooperation and compensation.
- Products that require all of a market's listing data, such as CMAs, will remain under the purview of the MLS.