For those of you who don’t follow me on Twitter (X), here’s a series of memes I created inspired by Art Carter’s post on CCP and James Dwiggins debate with Mauricio Umansky at Inman Connect NYC. Just click on the image to make it bigger. Enjoy!
“MLSs throughout the country frequently receive requests from economists, universities and government agencies related to research for local housing markets. For example, some of this data is used to create affordable home buying legislation, to assist in market studies for government grants, and for use in educational research projects.”
We featured UtahRealEstate.com on our “MLS Innovators” panel at MLS Reset. Love these simple point solutions.
Mandatory Cooperation: Strengthening Real Estate Transparency and Collaboration
“At its most basic, the CCP upholds the integrity of the MLS, which, considering the MLS serves as a broker cooperative, is necessary to foster collaboration and ensure that all parties have access to a transparent and fair marketplace—all critical for maintaining trust in the real estate community.”
I’m a little late in posting (been a bit busy lately) but I did want to comment. There are so many good quotes in this post by CRMLS, CEO’s Art Carter. If you haven’t read it, read it. If you have read it, read it a again.
So great to see such strong leadership about this issue. I hope this gives other MLS organizations the talking points and courage to not back down to any broker who wants to sacrifice the benefits of the MLS in service of their ever changing business models.
My thanks again to CubiCasa for sponsoring last month’s Vendor Alley. It was great to see the CubiCasa team at MLS Reset with Megan McFarlane of New Mexico MLS.
Find out more about CubiCasa’s MLS Membership program and join the movement to make listing a requirement on every listing!
I’ve got a lot to share about MLS Reset, but right now, I’m exhausted. However, I did want to share a super cool note that Rebecca Pearson, VP of Marcom at Solid Earth, doodled on the first day. More coming soon!
See you in Scottsdale! #MLSReset
I wanted to follow up on a previous post I wrote where I asked,
What would you say if someone asked, “What is an MLS?”
At that time I wrote:
“I’m struck by how difficult this question is to answer—even for myself, someone who writes a blog and co-produces a couple of podcasts in the industry. Part of the challenge, I think, stems from the recent settlement changes; we’re still working to define and understand the evolving role of the MLS.”
I received great feedback from the post, some of which I summarized in this Google Doc.
I then took those responses and fed them in to Chat GPT and asked for a two sentence response and a short paragraph. Here’s what it fed back:
“Two-Sentence Definition
An MLS (Multiple Listing Service) is a professional network where real estate agents and brokers share detailed property information to connect buyers and sellers. It ensures accurate, up-to-date listings and promotes fairness and efficiency in the home-buying process.
Short Paragraph Definition
A Multiple Listing Service, or MLS, is a trusted platform where real estate professionals collaborate to share accurate property details and market data. It acts as a centralized hub, allowing agents and brokers to connect buyers with homes and sellers with qualified buyers. By fostering transparency, fairness, and efficiency, the MLS streamlines the often complex process of buying and selling homes, making it easier for everyone involved.”
I then asked Chat GPT what it thought a Multiple Listing Service (MLS) not taking in to account the prompt I just fed it. Here’s what it said:
“A Multiple Listing Service, or MLS, is a trusted platform where real estate professionals collaborate to share accurate, up-to-date property listings. It connects buyers, sellers, and agents efficiently, ensuring transparency and fairness in the home-buying and selling process.”
I think the last one is my favorite of them all. What do you think?
NTREIS Expands Reach in North Central Texas with Addition of Waco Association of REALTORS
“Integrating the Waco market into NTREIS will deliver increased exposure for agents, enhanced listing inventory, and access to richer market data. For professionals in the Waco area, this collaboration brings greater visibility for their clients’ listings and buyers’ needs, along with cutting-edge technology tools designed to support their business success.
“Joining forces with the Waco Association of REALTORS® aligns perfectly with our mission to empower real estate professionals with the best technology and resources available,” said Kristi Davis, President, NTREIS. “This partnership strengthens our commitment to providing top-tier services to the consumer while broadening market opportunities for our members.”
Congratulations to Chip and Joanna on your new MLS!
New Mexico Multiple Listing Service: Floor Plans Now Required for New Mexico Real Estate Listings
“At NMMLS, we are committed to delivering the highest quality data and media to consumers, and this initiative is a major step forward in achieving that goal. Requiring floor plans on listings ensures that every buyer in New Mexico has access to the tools they need to make better decisions. This move also ensures our brokers remain on the cutting edge, delivering a superior listing experience for their clients. NMMLS is proud to be a leader in this space and excited to set a new standard for our industry.”
Rad! I spoke about this back at CMLS in Seattle (which Vendor Alley sponsor and NMMLS partner CubiCasa have been promoting) and have been advocating for this for many years now. Great leadership is being shown here by Megan McFarlane and NMMLS.
Being the first to take this step is always the hardest, and I’m sure there will be challenges ahead. But it’s crucial that someone had the courage to lead the way. My hope is that this will be the domino that pushes the entire industry forward.
Congrats to Megan and NMMLS!
Just wanted to pass along that the Intercontinental Exchanges (ICE) is hosting an exclusive event at the New York Stock Exchange (NYSE) for the real estate industry’s top movers and shakers (MLS leaders, brokers and technology leaders).
They’ll discuss the state of the real estate industry with CNBC contributor Andy Walden, and highlight the latest technology, data and analytics solutions that serve to fast-track deals and minimize friction during the real estate transaction. They’ll also examine how technology, data and analytics can support the needs of the real estate industry tomorrow. Following the event attendees will enjoy a signature cocktail reception in the revered halls of the NYSE. If you’re interested in attending
REGISTER HERE. Space is extremely limited so RSVP soon to reserve your spot.
Where: The New York Stock Exchange | 11 Wall St.
When: January 21, 2025 | 3:00PM
RSVP: REGISTER HERE
See you there!
