Finally an end to the MLS?

From Inman News:

An innovative real estate business model, or threat to the MLS?

For technology companies, multiple listing services are the holy grail of the real estate listing information that underlies many of their products. MLSs are also gatekeepers, often deciding who gets access to which types of listing data.

But the reality is that the gate is full of holes, and industry experts do not agree on what that means for the future of the industry.

“There is a gap in policy and enforcement here that is permitting businesses to enter the IDX and the MLS world without really being in the real estate business, in the business of buying and selling homes,” said Brian Boero, partner and co-founder of real estate marketing, design and consulting firm 1000watt.

“The reaction to this — or the lack of reaction to this — is going to be worth watching because it kind of gets to this core question of ‘What is a real estate brokerage in two years, in five years?’ That’s really what is at the heart of this.”

In many markets, paper brokerages seem to be flying under the industry’s radar, an Inman News investigation has found. They do so with the help of licensed real estate brokers who, in some cases, serve as the broker of record for multiple companies.

Companies that have employed the paper brokerage model, or aspects of it — including operator Market Leader, and Emeryville, Calif.-based ZipRealty Inc. — say they are driving innovation by finding new ways to deliver real estate information to consumers and connect them with agents.

But Inman News has learned that many MLSs are struggling to interpret whether their rules, which typically follow policies established by the National Association of Realtors, allow them to provide listings to websites operated by companies that aren’t actually representing buyers and sellers in their market.

At the crux of the issue is deciding who qualifies as an “MLS participant,” and how to treat those who don’t meet the definition.

A NAR policy stipulating that individual brokers and real estate firms must “offer or accept cooperation and compensation to and from other participants” to be considered MLS participants is aimed at excluding brokers who don’t list or sell properties from joining the MLS.

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40 Responses to Finally an end to the MLS?

  1. Pedro Martinez says:

    anon (the good one) is my daddy

  2. Fast Eddie says:

    Finally an end to the MLS?

    Eventually. And realtors can take their buggy whip with them on the way out, too. Does the thought of giving 5% of a million dollar sale to someone just for pointing out the kitchen boggle your mind? Especially in this day and age? Should I go to a travel agency on Main Street, too? Oh wait, here comes the produce pedlar and the knife-sharpening guy coming down my street! BRB!

  3. Fast Eddie says:

    Hey realtors, where’s the pocket listings? Did you know that collusion and discrimination is an ethics violation?

  4. Juice Box says:

    Is Barry running out of friends? 20 minutes of schmoozing President Rousseff and he could not cajole her to make the trip here?

    Tick Tick Tick NSA Director Alexander Barry has 1219 days left in office, somebody is getting tossed under the bus.

  5. Juice Box says:

    re #3 – I would think more in a moral vacuum it matters not.

  6. Juice Box says:

    Seems the Naval yard murderer was cleared more than once by the Feds.

    Here is his employer’s statement.

    How does a guy who was busing tables in a Thai restaurant in Texas get an IT job?

  7. freedy says:

    I dread to think of how many more like this guy have been cleared as “secret”

    what a joke . we have children running things

  8. Juice Box says:

    re # 8 – Freedy A guy arrested for a previous gun crime in 2004, almost kicked from the Naval Reserve and was currently being treated by the VA for hearing voices, can get a security clearance by the DHS, never mind buy a shot gun in Virgina with a Texas Drivers license.

  9. Fast Eddie says:

    It’s amazing how many homes I find that have an “Under Contract” sign bolted to the front lawn while asking myself when the f.uck was that house listed? I scour the listing sites and physically drive up and down certain streets and the f.ucking UC or Sold sign appears from thin air. It’s f.ucking miraculous! :o

  10. freedy says:

    He should have moved to Paterson,Passaic or Trenton and make a go of it .

  11. Grim says:

    Didn’t they film Hot Tub Time Machine at Hidden Valley?

  12. Grim says:

    Good craps crowd for it being 7:30

  13. Juice Box says:

    Hot Tub was filmed at a real ski resort not some ravine in New Jersey.

  14. freedy says:

    When is Ben Benson’s reopening ??

  15. Grim says:

    Really? Because last time I was at Hidden Valley my ski suit was day glo and the girls didn’t need helmets, on account of all the hair spray and all.

    The days where you were extreme if you could spread eagle off a jump (JJ this is a gimme)

  16. Anon E. Moose says:

    Speaking of the OTHER MLS:

    Any advice on getting seats to the Red Bulls? Midfield in the 200’s (can that really be the best available two weeks before the match?) or down lower in the corners or behind the goal if available? Any sections/fans to steer towards or avoid if bringing young kids?


  17. 1987 Condo says:

    Background checks…..why do I feel the check that the NJ State Police are doing on me, so I can get a permit to run a Texas Hold’em fundraiser for my church, is more exhaustive than that they used at the Navy Yard?

  18. Remember how mad everyone got at the bank bailout? “I hate you banks!” people yelled, and, “I don’t like bailouts!” and, “We shouldn’t provide tax money to you, given the role you played in the financial crisis!” That last one was a very popular chant at Occupy Wall Street.Well, gang, it could have been far, far worse.The Japanese utility that operates the nuclear power plant sent into meltdown by last year’s tsunami received a trillion yen ($12.8 billion) public bailout Tuesday, effectively Ins

  19. anon (the good one) says:

    @MotherJones: If a mugger cuts off your finger and tries to use it to unlock your iPhone 5S, your iPhone 5S will not unlock

  20. Statler Waldorf says:

    Mother Jones magazine was named after Mary Harris Jones, called Mother Jones, an Irish-American trade union activist. She was a part of the Industrial Workers of the World, the Social Democratic Party, and the S.o.c.i.a.l.i.s.t Party of America.

  21. anon (the good one) says:

    did u read the WSJ’s review of the 5s?

    Best phone ever

    Statler Waldorf says:
    September 18, 2013 at 12:59 pm
    Mother Jones magazine was named after Mary Harris Jones, called Mother Jones, an Irish-American trade union activist. She was a part of the Industrial Workers of the World, the Social Democratic Party, and the S.o.c.i.a.l.i.s.t Party of America.

    September 18, 2013 at 12:23 pm
    @MotherJones: If a mugger cuts off your finger and tries to use it to unlock your iPhone 5S, your iPhone 5S will not unlock

  22. Libtard in Union says:


    As a major RedBull supporter, you’ve waited a bit too long to get center pitch seats unless you sit really high up. They are having a fantastic year and attendance is creeping up. I’m seeing a lot more regulars at the games. Honestly, there’s not a bad seat in the house unless you are in the first five to ten rows where you can’t see a damn thing except the play directly in front of you. If you really want the top seats, check craigslist as you get closer to game day. Some always seem to pop up there at cost.

    Eat before the game though (5 guys next to parking garage is a good option). The lines inside can get atrocious. If bringing kids, get Churros after the game from the street vendors in the parking lot. They are like 5 for $3. Inside they are $5 for 1 and they probably suck in comparison.

    I’m buying the family 4-pack for their last home game on October 27th. 4 tickets $20 worth of food and drink for $88. Hard to beat it.

    And whoever recommended Argyle for fish and chips, they are really not that good any longer. Rather go to Dinosaur BBQ or Fernandez (rodizio) before the game.

  23. chicagofinance says:

    no fookin taper?

  24. Juice Box says:

    re # 24 – When you are hooked you are hooked. Bernake does not want the crash on his watch. I am suprised they did not up it to 95 Billion a month.

  25. Carlito says:

    85/75/95 it is all the same. My bet for a correction goes to the debt ceiling tug-o’-war

  26. All Hype says:

    Juice (25):
    The only question will be how soon after Yellin gets in do the purchases go up to 120 billion/month.

    Bernake is finished. There will be no tapering whatsoever. His bosses have given him his final marching orders.

    Bye Ben, nice knowing you!

  27. 1987 Condo says:

    concern about the budget talks……

  28. Juice Box says:

    BBRY layoffs 40% of workforce? Those poor fookers in Ontario are going to have to go back to trading pelts for a living.

  29. Juice Box says:

    Obama now trying to get out in front of Putin over Iran..

  30. Essex says:

    29. Bummer. But hardly shocking.

  31. anon (the good one) says:

    by Horace

    Q: What will do most for the share price – a buyback or a blockbuster new device?

    A: Neither. What will do most for the share price is a change in the perception that Apple is not going to survive as a going concern. At this point of time, as at all other points of time in the past, no activity by Apple has been seen as sufficient for its survival. Apple has always been priced as a company that is in a perpetual state of free-fall. It’s a consequence of being dependent on breakthrough products for its survival. No matter how many breakthroughs it makes, the assumption is (and has always been) that there will never be another. When Apple was the Apple II company, its end was imminent because the Apple II had an easily foreseen demise. When Apple was a Mac company its end was imminent because the Mac was predictably going to decline. Repeat for iPod, iPhone and iPad. It’s a wonder that the company is worth anything at all.

  32. Statler Waldorf says:

    iPhone 5 NSA

    They’re working 12 hours a day, six days a week, to bring you this latest version.

  33. Juice Box says:

    Fing stomach virus….

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