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Will new virtual firms pave way for full MLS?

From The Real Deal

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: This article, reposted with permission by The Real Deal, highlights policies and proposals floated to get New York City's real estate market back on track. Click here to view the original article. By CANDACE TAYLOR A new breed of online brokerage is springing up in New York, altering the landscape of real estate sales in Manhattan and worrying traditional firms, who fear the changes may hurt their business. In the past, New York firms have contended with Web aggregators like StreetEasy and Trulia, which gather and post information on local brokerage listings. But thanks to a recent settlement between the federal Department of Justice and the National Association of Realtors, the Real Estate Board of New York is now sharing all of its members' listings directly with online brokerages, known as "Virtual Office Web sites." These VOWs, as they are called, allow consumers to view those listings -- including those from other firms -- online. Experts say t...