Can leveling the real estate data standards field be a good thing?

Industry heavyweights push for changes to alleviate broker pain and costs, drive innovation
  • When it comes to data standards, Redfin welcomes a level playing field among brokerages, according to CEO Glenn Kelman.
  • Data standards can help brokerages alleviate the pain and costs of moving data around, according to RESO Chair Art Carter.
  • Redfin and CoreLogic say cooperating on data standards is a way to nurture the entire real estate ecosystem and stay valuable in the eyes of consumers.

In recent years, the idea of MLSs “leveling the playing field” between real estate brokers has been controversial. Some large brokerages objected to MLSs providing services and tools that their brokers would otherwise offer to agents and consumers to differentiate themselves.