A consolidation initiative by two of the nation's biggest MLSs appears to be gaining steam, already bringing a small neighboring MLS into its fold. In September, Rockville, Maryland-based Metropolitan Regional Information Systems Inc. (MRIS) and King of Prussia, Pennsylvania-based The Delaware Valley Real Estate Information Network Inc. (TREND) announced their intention to consolidate and usher in the "next era of MLS." From the beginning, leaders of the two MLSs said they hoped other MLSs would join them and help them shape an entirely new entity. Now, at least one other MLS has. The Schuylkill County Board of Realtors, which currently runs the Schuylkill County MLS, is now a TREND shareholder. The Schuylkill County board, located northwest of TREND’s current coverage area, will add 783 square miles; 50 real estate offices; 200 real estate brokers, agents and assistants; and about 1200 active listings to TREND starting early next year, TREND said in an announcement. ...
- The Schuylkill County Board of Realtors, which runs the Schuylkill County MLS, has joined TREND with the knowledge that TREND intends to merge with MRIS.
- MLSs interested in participating in the merger, also known as MLS Evolved, should get approval from their board of directors by the end of the year.
- The new, consolidated MLS will have a new brand and pricing structure.
Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York