What's giant, hard-won and brand spanking new? The nation's newest mega multiple listing service, Bright MLS. The two large MLSs that spearheaded the effort to form Bright, Metropolitan Regional Information Systems Inc. (MRIS) and The Delaware Valley Real Estate Information Network Inc. (TREND), first announced their intention to merge and usher in the “next era of MLS” in September 2015. This week, the MLS's new website, brightmls.com, announced "A new era of MLS is here." "The real estate industry is undergoing exponential change. The physical, political and philosophical boundaries of MLSs no longer fulfill what brokerages need to conduct business. We are changing that," the website says. That means MRIS and TREND are companies no more. After shareholder approval last month, they merged into Bright at the beginning of the year. MRIS and TREND had hoped to entice other MLSs to join them in a quest to reduce the costs and headaches of belonging to multiple MLSs f...
- MRIS and TREND have merged to form Bright MLS. This week, Bright MLS's new website announced "A new era of MLS is here."
- In addition to MRIS and TREND, seven other MLSs will cease operations and join Bright over the course of 2017, likely making it the nation's largest MLS.
- Bright's coverage area will span 10 million property records and nearly 40,000 square miles.
- Brokers and agents in Bright's market who previously belonged to more than one MLS will no longer have to pay duplicate MLS fees.
Watch Live: Inman Connect NYC
Tune-in for the livestream and catch real estate thought leaders speak to the issues, opportunities and threats we face in 2018.