BrokerageIndustry News

Statewide MLS gets greenlight in Connecticut

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Directors for the Connecticut Association of Realtors have approved the creation of a statewide multiple listing service. In a 78-32 vote on July 18, association directors approved the creation of a not-for-profit corporation, Connecticut Multiple Listing Service Inc., that will operate a statewide MLS. The corporation will be governed largely by brokerage company representatives. Jerry Alaimo, broker-owner for Century 21 Alaimo & Corrado in Enfield, Conn., and president of the board for the new corporation, said the involvement of the state Realtor association in establishing the statewide MLS was a "win-win" for supporters. There are several examples of other statewide and regional MLSs in the Northeast -- Rhode Island has State-Wide MLS and Massachusetts has the MLS Property Information Network, for example. The California Association of Realtors has also investigated whether to create a statewide MLS. Supporters have said that MLS regionalization efforts can reduce the cost and c...