BrokerageIndustry News

Nirvana: Centralized MLS

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: The MLS is in crisis, say many large brokers, agents and industry observers. The cooperative organization plays an essential role in the U.S. housing market, matching buyers and sellers through the assistance of a Realtor. But cooperation has been replaced by acrimony, litigation and an uneasy migration to the Internet. In this three-part series, we look at some underlying problems causing concern for MLS members, what's working and what's not working. (See Part 1: What's wrong with the MLS and Part 2: Chicago case study for MLS reform.) Picture it: The some 800 local multiple listing services around the country consolidate and whittle down to one MLS per state. That's just one vision of what the MLS may look like in years ahead. A group of Realtors interviewed by Inman News envision a centralized, statewide organization that offers useful technology to agent members and consumers alike. Overall though, most agents said they are happy with the current s...