A proposal for 'MLS 5.0'

Industry veteran envisions marriage of MLS, Web 2.0

Inman News

Multiple listing services are not dead or irrelevant, real estate real estate technology industry guru Saul Klein says in a paper released this week, though they must evolve to embrace Web 2.0 ideals and expand beyond for-sale listing information to encompass parcel-based information.

It's not an entirely new concept for the real estate industry. Third-party sites such as Zillow and Cyberhomes, among others, already provide a range of information on tens of millions of U.S. homes at free public Web sites.

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