This document discusses options for brokers and agents to access multiple listing service (MLS) data without the challenges of MLS mergers or regionalization. It proposes a data-sharing model where neighboring MLSs share listings data to give brokers and agents a more complete view of the real estate market across jurisdictional boundaries. The key benefits mentioned are providing broader exposure for listings, more accurate market analyses, and reducing costs for brokers required to join multiple MLSs. The document suggests Real Estate Business Intelligence (RPR) as a platform that MLSs could use to implement data-sharing.

1. Love Thy Neighbor!
Futuristic Idea or Today’s Reality

2. What Brokers want from their
MLS
• Standardized rules
• Consistent rules enforcement
• Localized data feed for their office
• Complete and accurate
MLS data for their market area

3. The problem is…
Brokers and agents MUST join multiple
MLS’s to get complete and accurate data
• Additional costs
• More paperwork
(simulated offices & waivers)

4. The problem is…
Boundaries and Jurisdictions are grey lines!

5. The problem is…
Merging or Regionalizing is not easy!

6. So, what are the options?
Someone could create a……
STATEWIDE MLS!!!!

7. The Statewide MLS option
Pro: May be able to reduce member cost
(discount for quantity)
Con:
MLS means the offer of cooperation and
compensation - are you ready for that?

8. Member only IDX Website

9. Member only IDX Website
What would the benefit be over
Zillow, Trulia, and Realtor.com?
• Agents can already search these
sources for active info.
• Solds?
• Off Markets?
It would have a fee!

10. So what is the answer?
DATA-SHARING

11. Data-Sharing
Is a way for brokers and agents to access
MLS information without the challenges or
delays of mergers or regionalization!

12. Data-Sharing
You’re already sharing data with Zillow,
Trulia, Realtor.com and 100’s of other sites
through syndication……
Why not share
with your
neighboring
MLS’s?

13. Data-Sharing
• No offer of cooperation and compensation
• Could offer reciprocal display of
actives, solds, and off-markets
• Enhances security by eliminating the need
to provide data access to non-participants

14. Data-Sharing
• Positive alternative to merges or
regionalization
• Protects the independence and identity of
each MLS
• Ensures accurate MLS information

15. Data-Sharing
• Open search would retrieve listings from
multiple MLS’s
• Members have the opportunity to stay more
informed than their buyers
• Find more listings with the availability to
search across boundaries
• More accurate CMA’s with more data
available

16. Data-Sharing
• Offers more exposure for every listing to a
broader geographic market

17. So, what are the options?
• Corelogic
• IMAPP
• Move, Inc.
Isn’t there a option?

18. Compilation of
• Your MLS data
• County tax information
• Census data
• Demographics
• School info
…and more

19. RPR offers the data-sharing platform as a
free member benefit to participating
MLS’s
• It’s NOT a way to integrate neighboring
MLS data into your own MLS platform
• It IS a way to search participating MLS’s
data mixed with your own in the RPR!

20. • Discuss these ideas with your MLS leadership and
determine if your members can benefit from data-
sharing
• REBR can help by answering any questions your
leadership may have
• REBR will provide an agreement for all MLS’s that
wish to OPT-IN
• Each MLS would notify RPR of the MLS’s they
would like to share data with!
How to get started…

21. YES!
It can be that easy!