MLS & Associations

Brokers say they’ll continue to work with MLSs — no ‘huge’ announcement coming today

The Realty Alliance says decisions will not be final until fall meeting concludes Wednesday

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The highly anticipated 10-day deadline is here. But those expecting the launch of an industry bombshell today out of The Realty Alliance's fall meeting shouldn't hold their breath. On Oct. 4, Craig Cheatham, The Realty Alliance's president and CEO, issued a stern warning to multiple listing services and Realtor associations attending the Council of MLSs (CMLS) conference, putting them on notice that brokers had lost faith in the way the industry is set up and were prepared to do something about it. Cheatham warned MLS execs "(they've) got 10 days" to reach out to their largest broker members to address their concerns, but later made clear that that cutoff merely referred to the start of The Realty Alliance's annual fall meeting. The Realty Alliance, which represents dozens of large brokerages across the country, does have a "big initiative" in the works. But it will not be announced at the end of the 10 days, Cheatham said. Today, Cheatham told Inman News that "decisions a...