Industry News

MLSs tear down data walls

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Editor's note: The following excerpt appears on the Inman News Blog and gives a quick rundown of some of the latest developments in MLS consolidation and data-sharing efforts. Inman News is challenging readers to sound off on the future of MLS. To discuss your thoughts on the topic, click here. Minnesota MLSs tear down data walls A group of 14 Realtor associations, which represent 10 regional multiple listing service providers and the majority of for-sale property listings in the state, have created a data-sharing system (see Inman News article). The sharing agreement will reduce the need for real estate professionals working in the area to join several MLSs to serve their clients. Change is in the air -- in other markets, too, there are efforts to consolidate MLSs or share data. David Charron, president and CEO for Metropolitan Regional Information Systems Inc., the largest MLS in the country, in a November speech called upon MLS officials to push for data standardization and reg...