BrokerageIndustry News

California Realtors weigh options for statewide MLS

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Local and regional collections of for-sale property information that are separately maintained by dozens of multiple listing services in California would become available on a statewide basis to agents and brokers under a plan that is under consideration by the California Association of Realtors, and the group's leaders are also considering a more comprehensive plan to build a consolidated statewide MLS. Members of the association's board of directors, at a meeting earlier this month, approved an engineering effort that will map data fields from MLSs throughout the state and lay the groundwork for either of the two options: a statewide data aggregation service or unified MLS. During a meeting earlier this month, leaders for the state Realtor group approved up to $500,000 to support an "information engineering" effort that will provide the basis to develop statewide standards for MLS content and will also serve to facilitate either of the two options for the future of the st...