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Tag Archives: future of mls

Tag Archives: future of mls

REX – A Free Global Listing Network

by Drew Meyers on 10:04 am June 16, 2017

I was made aware of REX this week. It’s a decentralized listing marketplace, which includes a token currency. Why is it being created? According to them: IT’S 2017, AND CONSUMERS HAVE SPOKEN Traditional methods used to buy and sell real estate have failed to keep pace with public expectations and advances in technology. Participants in the property game are forced to deal with online listing services that charge excessive fees and subject visitors to intrusive advertising. These Multiple Listing Services monopolise the market. They dictate … Read More »

More on MLS Networks

by Drew Meyers on 10:30 am February 2, 2017

Public MLS Statistics

I wanted to continue the discussion/dialogue about MLS networks… First, this weekend I listened to the Listing Bits Podcast episode with Michael Wurzer which touches on the staying power of the MLS. Greg Robertson and Michael both have years of MLS technology, and discuss the future of the industry (among other things). Second, Michael wrote a response to my last MLS post titled Creating MLS Networks. I definitely agree with Drew that cooperation exists independent of any particular technology, but Drew goes on to presume that … Read More »

A Reply: MLS Cooperation Creates Value for All Brokers, Not Just One

by Drew Meyers on 3:57 pm January 30, 2017

Public MLS Statistics

The future of MLS’ has been a hot topic recently, and was discussed at Inman Connect. Michael Wurzer from FlexMLS (a MLS software vendor) wrote a response titled “MLS Cooperation Creates Value for All Brokers, Not Just One” to Rob and I (and others). I’ll repost it here for your reading pleasure, and offer a few thoughts afterward. I attended the Inman Connect Conference in New York City last week, where there was yet another panel posing the so-tired question, “Is the MLS Doomed?” I’m not going to … Read More »

The Future of the MLS…

by Drew Meyers on 10:15 am January 22, 2017

Public MLS Statistics

What if… Buyers didn’t need the MLS to find homes. Zillow verified agents. Agent certifications and class hours were posted to a public blockchain. Zillow added private fields to each listing to indicate commission splits. You know, like the ones in the MLS. Those private fields were only visible to verified agents. Closing software received verification and payment from the closing, with a record posted on a public blockchain. Closing software paid agent commissions directly. Every time a transaction happened, a record of whether the … Read More »

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