BrokerageIndustry News

Syndication: the top MLS issue

Survey: Security, market downturn are also key concerns

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Syndication of property listings information is the most pressing issue facing multiple listing services, followed by data security and the real estate market downturn, according to an industry survey. The Council of Multiple Listing Services (CMLS), a 51-year-old organization for MLS organizations and vendors, received 80 responses to a 10-question survey that was sent out to about 700 MLSs. "Bridging the gap between being a private listing service for Realtors and a public marketing and advertising vehicle for Realtors to sell houses to and for consumers" is a major issue, according to a comment received by CMLS in its "MLS Leadership Survey." The findings were presented during a CMLS annual meeting last week in Minneapolis. "We concentrate so much on doing the former (protecting our market positions and our data) that we forget about the demand for the latter and open the industry to non-Realtor services that fill that need." Other major issu...