For years, MLSs have been told that their data is their greatest asset. But in too many markets, MLSs do not have the level of direct control, visibility, flexibility, or monetization power they need to fully protect and leverage that asset. That is beginning to change.

The MLS exists to create and maintain an organized marketplace where competing brokerages can cooperate while still competing vigorously for business. That marketplace only functions when there are clear rules, consistent enforcement, and a commitment to balancing the interests of all participants. The challenge for every MLS is determining how to remain broker-centric and customer-focused while still defining and protecting the greater good.