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 regionalization.

One effort, called NCREX (for Northern California Real Estate Exchange), will lead to the consolidation of four MLSs in the Greater San Francisco Bay Area, while another effort in the area will allow users of a group of other MLSs to share data without the need to join multiple MLSs.

And at the other coast, MLSs in Connecticut are joining forces to form a statewide MLS.

The National Association of Realtors also has taken up the issue, forming an MLS Future Presidential Advisory Group that is exploring a future form and function for the MLS system.

–Glenn Roberts, Inman News

Inman Blog challenge: Should more MLSs work toward data sharing? To comment on the future of MLS, click here.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription