Brokers break up with MLS

Southern California group builds own independent listing service

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A group of brokers in Southern California cut ties with their association-owned multiple listing service to form their own independent MLS. And they’ve taken nearly one third of the association’s MLS members with them.

The new Bakersfield, Calif.-based entity is called Bakersfield Listing Service. Four of the region’s real estate brokers who collectively have more than half the area’s market share founded the MLS, which launched September 1.