Industry News

Multi-Regional MLS announces merger

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

A Southern California multiple listing service is adding 6,000 members through a merger with another MLS, according to a Friday announcement. The Greater South Bay Regional MLS is merging with the 30,000-member Multi-Regional MLS, which is one of the top-10 largest MLSs in the country. The merger, which is one of many MLS collaborative efforts planned across the country, is expected to be completed on Dec. 4. Multi-Regional MLS is also a member of the California MLSAlliance, a data-sharing platform with participation by 10 MLSs that stretches from Northern California to Southern California. That system supplies an estimated 145,000 agents and brokers in the state with information on active property listings and off-market properties, and extends an offer of compensation and cooperation to all authorized users. The Greater South Bay Regional MLS is operated by the South Bay Association of Realtors, the Palos Verdes Association of Realtors and the Inglewood Board of Realtors. ...