Why MLSs Must Embrace Ethical Standards in the Open MLS Era
Adopting ethical standards isn't just about avoiding problems—it's about creating competitive advantage.
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Adopting ethical standards isn't just about avoiding problems—it's about creating competitive advantage.
By partnering with brokers and leveraging advanced technologies, MLSs can redefine their roles, enhance service offerings, and remain integral to the real estate industry.
The importance of VOWs is only increasing. A VOW is not just another website. It’s a powerful brokerage platform that allows firms to offer comprehensive online services.
By opening the MLS to rental listings, the MLSs can provide a centralized platform of verified listings, enhancing transparency and security for both consumers and real estate professionals.
By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 44 REAL AI is a human-created weekly roundup of all things related to artificial intelligence in real estate and emerging AI innovations in other sectors likely to impact our industry. We post a new edition every Friday, and our free newsletter is delivered every Monday. AI in real estate: Will CRE lead the way? One real estate tech truism that has endured since I’ve been in the business is that the most advanced technology gets adopted in the Commercial Real Estate industry well before residential real estate. Often, the determining [...]
This is a wake up call to MLSs and the vendors that consume IDX data. By mutual agreement, every MLS must adopt the new standard within one year of that standard passing. The fuse was lit and there are six months to get every MLS up to speed.
It could imply that certain decisions or changes could set a precedent or trigger a series of consequences that are difficult to control or reverse, potentially impacting the industry in a negative way.
By harnessing the power of AI, MLSs can enhance accessibility, streamline listing input, and ensure photo compliance, ultimately benefiting both real estate professionals and homebuyers.
MLSs continue to focus on delivering services that matter most to their participants and subscribers.
Approximately 75% of MLSs are owned by Associations today. With the history of being launched as a for profit arm of trade associations, MLSs naturally adopted the governance models and board make-up of their parent companies. Here’s why I believe that approach is no longer valid.
Because the MLS licenses the data from the broker, they must uphold their side of the bargain.
This may be a make or break moment for MLS.