SCOTTSDALE, Arizona — When broker data management platform Upstream goes live, its goal is to be the starting point for real estate data. The “single source of truth” for broker information, entered in one place and distributed to the MLS and other tools at broker discretion. What does that mean on a practical level?
- If an agent's broker decides to subscribe to Upstream, that agent will no longer be able to enter or update his or her listings in the local MLS.
- MLSs data compliance rules will be incorporated into Upstream's engine, and MLSs will follow current processes to correct inaccurate information when it's discovered.
- MLSs will negotiate for all of their members when it comes to tools that need all the market data to work.
- Upstream development began in fourth quarter and alpha/beta testing will start in select markets in May. Participation will come with a membership-based fee, but the cost is not yet final.