BrokerageMLS & Associations

MLSs anxious about their role in Upstream

Many questions about the broker-backed initiative remain unanswered
  • MLS executives have questions about Upstream's revenue model, how it will handle IDX, how MLSs and Upstream will work together to deliver clean data -- and whether NAR subsidiary Realtors Property Resource (RPR) can deliver on the project.
  • MLSs say they can't adequately prepare for Upstream without answers to some of these questions, but multiple presentations at NAR's annual conference did not adequately answer them.
  • Many of these questions will be answered with execution, according to Upstream and RPR leaders.

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That is the opposite of what you just said. -- MLS executive to Realtors Property Resource CEO Dale Ross after receiving conflicting answers to a question about whether Upstream or MLSs would handle IDX (Internet data exchange) feeds for brokers at the National Association of Realtors' annual conference earlier this month. MLS executives were treated to multiple presentations about broker-backed initiative Upstream at the National Association of Realtors' conference in San Diego, but MLS execs say those presentations left a lot of questions unanswered -- or, as the quote above indicates, answered poorly. Upstream intends to give brokers a single point of entry to manage property data and also give brokers the choice of where to distribute it. The database will be built by Realtors Property Resource (RPR), a NAR subsidiary, and is slated to go into beta testing in select markets in the second quarter of 2016. The quote above -- uttered at the NAR conference's MLS Forum -- unde...