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I just got back from The Inman Real Estate Connect conference in NewYork and what stuck me most was how many different MLS services and providers there were.

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While in Canada we are not immune to this, with local boards for each area, we are none the less a little more centralized than the US which seems to have (as per data I was given at the conference) over 900 MLS providers.


Ouch ... as a software engineer building next generation system, it makes me wonder what's up and how I could ever negotiate those 900 deals.

 

While it may seem self serving (and lets face it, most things need to be if they're going to get done) but wouldn't it be nice to just have one place to go for current, timely, useful listing data that could be used by anyone that wanted it?


Searchers, Publishers, Agents, Brokers...

I wrote a blog post about " Open Source MLS - Real Estate Listing System " and I'd love your feedback on it.

I think it's in everyone's best interest to push for an open MLS, what do you think?

Weigh in here or on my blog post

Sincerely,

Riel Roussopoulos
RealtyXL Marketing Inc.

Lean why most agent websites suck!
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7 Comments on Is it time for an Open Source MLS?

JAN
24
2010
727,283 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

Riel - Our MLS works well as is.  I don't think the board would want to release data structures and more out into the open source world.

5:20am • #1
1 Featured Post Localism Sponsor

Thanks for your feedback Marc,

I'm not sure it's even a question of if the current MLS works well or not.

You say they wouldn't want to release "data structures?" is that really what the boards value is to you?

As a broker who is charged with being the absolute best channel for getting the best offer for your clients homes possible ... do you really see the value of your local board as being because they have proprietary data structures?

I believe that it's holding back the industry and preventing the natural growth of the industry to continue to build "information silo's" out of the MLS that are by design... made to control access to the data.

As I see it it's only in the best interest of the boards, who now make their money on a "per listing to our MLS" model, to control that access.

The attitude that the listing data is somehow proprietary is in direct odds with the intent of the contract which is to sell that person's home.

By limiting access to that data and treating it like an intellectual property, or some other "product" is counter the interests of the very people that inventory comes from.

If sellers had a better understanding of how the regional boards and even brokerages treated their listing data, and how they limit access to it, thereby limiting their chances to find the best offer for their property, I think there would be more pressure from sellers to see the data access walls broken down.

 

12:32pm • #2
Outside Blog

Riel - you are dead on here.  This will change one day, although it will go out kicking and screaming as you would imagine.

8:25pm • #3
FEB
04
2010
1 Featured Post Localism Sponsor

Ya Brian ... :)

We all know change is never easy, but it's usually inevitable.

The irony is that those who adapt early are the ones that will be best positioned as these changes happen.

8:50am • #4
MAR
13
2010
164,134 Points 4 Featured Posts Called Shot Master

As you would be aware Riel, REALTORS® have invested millions of dollars over the years in building and developing the MLS®.  Yes, the MLS® System maintains historical data on listings that isn’t available to the general public.

The public website REALTOR.CA (formerly called mls.ca) is owned and operated by REALTORS® and shares ads for active listings; it is purely an advertising website.

REALTOR.CA is successful because Canadians have come to trust the accuracy, quality and reliability, of the information that protects their interests, and because it has integrity.

Outside of REALTOR.CA, there are thousands of other websites that display ads for active listings for the general public. The owners of these websites will also have information that isn't shared with the public.

2:48am • #5
MAR
18
2010
1 Featured Post Localism Sponsor

All of which limits the ability to get that listing to the widest possible audience, to get the best price for your client, who is ultimately the one that should be benefiting from the best possible advertising for his listing.

Your argument that agents (I can't figure out how to make the fancy R so, I won't use the TM name :) have paid millions for the current technology is sort of like saying that you won't upgrade your 486 computer because you paid thousands for it 'back in the day'.  

Technology evolves as does business.  

Do you really feel that it's best for your clients to be in a walled garden?  It's not about what's best for the agents and brokers (which quite frankly I truly believe it's much better for the brokers and agents anyway, clients are more educated, they come ready to buy, they don't require as much hand holding, you reduce staff time etc.... )

It's about what will help sell your clients house faster and for more money with the best possible service. 

People will never make a half million $ + purchase online.  Ultimately they'll still need agents to negotiate and close deals, provide local knowledge and expertise etc... It's just a shifting of the goal posts and in the end I have no doubt that it will encourage growth and innovation that will far outweigh any small setbacks that a single organization feels as a result of that change.

9:30pm • #6
MAR
19
2010
164,134 Points 4 Featured Posts Called Shot Master

Hi Riel: I didn’t come here to make an “argument” but rather to join in this healthy conversation you have going on; thanks btw.

Every listing with a REALTOR® is advertised on REALTOR.CA and available to whoever wants access to it because of the ongoing fees that REALTORS® pay to maintain the integrity of the information and system. 

I’m not in any way opposed to the public enjoying the easy unlimited access they already have to the public website REALTOR.CA and all of the free information it contains and openly shares.

In our free market this service is also available through many alternative sources such as Craigslist, Kijiji, etc.

Given the sheer volume of transactions on REALTOR.CA (and it’s predecessor), I believe the track record and reputation in protecting the consumer is second to none.  This fact is too often overlooked in the conversation.

The point I was trying to make about our MLS® asset is that, REALTORS® being invested to the extent they are, have amassed a tremendous amount of goodwill, historical data and built a system which is, accessible, current, reliable (for the most part), secure, and probably one of the most effective advertising tools for helping the public achieve their goals of successfully selling or buying homes.

What more could be asked for?

11:56am • #7

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Riel Roussopoulos - SEO & Web Strategy Expert

Vancouver, BC

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RealtyXL Marketing Inc.

Address: 728 East Georgia Street, Vancouver, BC, V6A2A3

Office Phone: (604) 288-5600 x 2002

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I talk about SEO and Web Strategy in relation to Real Estate Marketing 2.0.





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