Industry News

MLSs launch consolidated listings database

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Three MLSs in the San Francisco Bay Area on Thursday announced the launch of a consolidated property-search database for their members. The unified database, called Quattro, supplies subscribers with property information covering 15 California counties -- the MLSs serve about 42,000 agents and brokers and the region has about 5.6 million residents. The effort to establish the shared database was launched last year. The area is a hotbed for MLS data-sharing and regionalization efforts, as a separate group of MLSs in Northern California is proceeding with a consolidation plan. The National Association of Realtors had formed a group to consider the future structure of the MLS system, and the California Association of Realtors has pursued discussions on forming a statewide MLS. Brokers in some markets have been aggressively pushing for more consolidation and data-sharing among MLSs, and for more control in the management and operation of MLSs. The San Francisco Association of Realtors, M...