Industry NewsNews Brief

Fragmentation is key vulnerability for MLSs

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NEW YORK -- Cameron Paine, CEO for the Connecticut Multiple Listing Service Inc., which consolidated several smaller MLSs in the state, said that continuing fragmentation across the MLS landscape opens the door to rapid and widespread change. Brian Boero, a partner for real estate and technology consulting group 1000Watt Consulting, posed a question during a session at the Real Estate Connect conference in New York on whether there is a very real possibility that a disruptive technology or entity could tear apart the fabric of MLSs as they exist today. Paine's conclusion: yes. "There's no question in my mind that with technology -- that the right model at the right cost could come in and clean our clocks in a very short period of time. There's just no question," Paine said. "If you think about it, we have a million Realtors in this country. They're paying an average (monthly fee to the MLS), whatever that may be. Multiply that per month (rate) by 12 -- th...