MLS executive says consolidation would help consumers and agents
Data conversion issues and a state-by-state patchwork of real estate laws complicates cross-border combinations.
(Boonton, NJ, July 15, 2013) — In 2010, the multiple listing services for New Hampshire and Vermont merged — creating what some say could be a template for MLS consolidation. But other services have not followed suit.
While a nationwide MLS remains far-fetched, the real estate industry would be wise to consolidate in a way that would make data more readily available to consumers, says Cameron Paine, chief executive officer of the Connecticut Multiple Listing Service.
He notes that the Realtors mindset of defending their turf allowed Zillow and Trulia to turn into success stories.
They saw an opportunity, grabbed it, and have made themselves an integral part of real estate marketing, he says.
Paine calls the real estate industrys instinct to protect data a fools errand.
To read Paines recent report, The Future of the MLS, visit http://www.BrokersInsider.com and click on Web Extras.
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