OpinionIndustry News

A different MLS model for NAR

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Former National Association of Realtors president Richard Mendenhall likes innovation and change and he also likes to provoke. One way the Kansas City real estate broker has been doing this lately is by praising the Canadian MLS model: it is a non-profit, serving both consumers and the industry with a higher public purpose. The notion is not the squirrelly thinking of a lone industry radical. As Homestore tries to regain its financial footing and credibility with investors, the "what-if" discussion necessarily takes place on a routine basis at NAR, even though there is no public discourse. What should NAR do with Realtor.com if Homestore implodes further? What should Homestore's business model be going forward and how does its relationship with NAR fit into those plans? Hear Mendenhall and Homestore CEO Mike Long speak during upcoming Inman News audio conferences. A more exacting question is what to do with the national MLS database that Homestore in partnership with NAR has so meti...