Prelude to a national MLS

A NAR advisory group is pushing forward with a prelude to a national MLS. Sure, they don't call it a national MLS, rather they dub it a "national real estate data repository" that could serve as a building block for a nationwide MLS.

Some highlights:

• The database would include comprehensive information for all categories of property, including residential and commercial properties and vacant land.
• Properties in the repository could be flagged by status (for sale, for lease, etc.).
• This data repository would be fully owned by participants.

There's a sense of urgency in the need to move forward with this project. Members of the NAR group said on Saturday that if the organization doesn't do it, then someone else will.

We'd love to hear from readers on why this is or is not a good idea for the industry and the consumer.

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