Industry News

Major East Coast MLSs to share listings data

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The two largest multiple listing services on the East Coast have joined forces to expand access to property listing content throughout the Mid-Atlantic region, continuing a trend in data-sharing among large MLSs in some markets. TREND, which serves the greater Philadelphia area, and Metropolitan Regional Information Systems, which serves the greater Washington, D.C., area, announced the partnership Monday. Under the agreement, MRIS Cornerstone Universal RETS Exchange, known as MRIS CURE, will combine listings from the two MLSs into a single database, which eventually will allow TREND and MRIS to jointly license data to authorized real estate brokers and vendors that service the broader market, the groups said. MRIS CURE is a common database repository that utilizes the Real Estate Transaction Standard, known as "RETS," which allows participating MLS operators to combine their listing content into a single database and still retain full distribution control of their respective content. ...