“The use and misuse by machine based learning platforms is something MLSs have no exposure to.” — Art Carter, CEO of REcore”
For two years the listing data fight has been about distribution. Who gets the feed, who gets cut off, whose listings show up on Zillow. All of it about where the data goes.
Project NexusRE is about what happens after it gets there. Your data leaves the building, disappears into a dozen LLMs, and the MLS has zero visibility into which ones, under what terms, or for whose benefit. NexusRE is pitched as the layer in between. Permissions, usage metering, compliance screening, applied once and enforced everywhere. A toll booth and a security camera for MLS data in the AI era.
I know, “in active development”, is code for “there is still a lot of work to be done”. But I’ve seen some of the tech and excited to see how testing goes this summer.
But here’s the part I’m here for. NorthstarMLS holds the patent. REcore, the company commercializing it, and where I serve as a board member, “can only be owned by brokers and MLS investment.” In a year when Stone Point owns the brokerage, the MLS software, and the transaction stack all at once, that’s not a small detail. This piece can’t get flipped to private equity later.
Everybody else is arguing about who owns the listing. NorthstarMLS and REcore are the first to ask who’s watching what the machines do with it.
About time.
