Real Estate News’ Post

In the second of a three-part series, Real Estate Standards Organization (RESO) CEO Sam DeBord offers a look at the MLS outside the U.S. and Canada. #realestatenews #realstate #CEOinsights #futureofrealestate

In the first of a three-part series, Real Estate Standards Organization (RESO) CEO Sam DeBord explains what an MLS is — and what it isn't — and how definitions of the MLS can vary. #realestatenews #realestate #realestateindustry #MLS #realestateagents

As we talk to multiple MLSs about the NAR settlements, it’s clear that we must remind agents and brokers of the value of the MLS. If you haven’t already, take some time to read Sam DeBord’s great REALTOR Magazine piece on defining and communicating the value of the MLS. Great reminder for folks out there, including proptech leaders like us that are prioritizing how we partner with MLSs in the wake of the settlement news. https://lnkd.in/gU_EPj2G

In light of recent legal news, a friend asked me, "Why would an MLS be any different from a portal website if compensation features weren't included?" It's an important question to answer for the industry, no matter what changes come our way. MLSs provide a broad set of services that benefit the consumer marketplace, and we don't talk about them often enough. It's critical that leaders of brokerages, MLSs, and Realtor organizations can describe the MLS. How will consumers and policymakers understand the value of MLS if industry practitioners can't state it clearly? We have work to do.

Every professional involved in the real estate industry should understand and be able to talk fluently about the MLS’s true purpose and value. 🤓 If you can't, this article is a great place to start! #libertytitle #MIrealestate #titlecompany

The article captures the critical concept: MLS networks and marketplaces are the key structural advantage of Realtor organizations. The settlement has rendered the local member pays model vulnerable and un-competitive to big players who can deliver a listings registry for a fraction of the cost (or free) with higher quality and greater functionality. What to do? Get to the buy side (mortgage), expand the product set (CRE), grow the networks (audiences) and manage the data (rights). Become a Metro Property Network (MPN).

Modern Models Phoenix just dropped a game-changer: MLS access without the heavy Realtor membership fees. Their new $249-a-year program gives brokers and agents the essential tools—MLS, legal forms, and training—at less than half the usual cost. This move is shaking things up in an industry long tied to the three-tier system (local, state, national). While it trims costs, agents opting in lose access to some association perks and the “Realtor” title. The backdrop? Rising scrutiny on mandatory memberships as brokers demand more flexibility. With tight markets and slimmer margins, every dollar counts, and this could signal a shift toward more à la carte real estate services. Phoenix might just be the testing ground for the next era of brokerage models. Would you opt in?

A panel of industry veterans debated the policy and discussed various scenarios for residential real estate should the CCP be repealed. #realestatenews #realestate #homesearch #clearcooperation #realestateagents

I'm excited to share my latest piece for Inman News, where I dive into the ongoing discussion about the future of the MLS and the association of Realtors. In the article, I explore why the MLS is indispensable for our industry and how it continues to provide unparalleled value to agents, buyers, and sellers. Despite the rapid evolution of technology, the MLS remains a crucial tool for ensuring maximum exposure and accurate data in real estate transactions. Here’s a brief excerpt: "Maintaining the relevance and value of MLSs to their members (real estate agents and brokers) is crucial. This involves continuous improvement of services and tools. The days of the stores selling sign riders, booties and combo lockboxes are gone. Revenue and value need to be created in other channels." Read the full article to learn why I believe the MLS is here to stay and how it supports our mission to deliver the best service to our clients. #RealEstate #MLS #InmanNews #Realtor #RealEstateIndustry #PropertyData #RealEstateTechnology #realtor

More possible changes in the real estate industry! What is the future of the current MLS systems, and how will they continue to evolve to meet the needs of the industry and the public in the new landscape?