Every new calendar year seemingly gives birth to a host of soothsayers in the real estate industry and elsewhere. Although I have read many future casts regarding the MLS, I have yet to read similar thoughtful prognostications about the future of the Realtor association.
Article image credited to Photo by Trevor Cole on Unsplash
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As much as I appreciate how Rob Hahn’s mind works, his interpretation of Bob Goldberg’s statement in his CEO report at the NAR Board of Directors meeting in November is completely inside out.
Why is the MLS so misunderstood? This timely question was posed by FBS CEO Michael Wurzer (provider of FlexMLS software), regarding the highly publicized MLS 2018 panel at the California Association of Realtors’ annual meetings.
If you ask an MLS exec what an MLS is, he or she will likely answer that it’s an organization dedicated to providing real estate broker participants with a platform to share listing data and facilitate the offer of cooperation and compensation. That’s not wrong. It’s a definition that the NAR and the Council of MLSs agree on. The problem is that this definition doesn’t even begin to describe what it means to be an MLS. Not even close.
MLS mergers can be troublesome and even the smoothest can take years to fully roll out. But one newly merged MLS has gone from idea to reality in seven short months.