MIBOR announced in a closed door meeting, that it is re-branding the MLS to"Broker Listing Cooperative" or the BLC. The main purpose for the name change as described by the CEOwas to inform the public that the MLS is not a public utility. Currently the public feels that the MLS is an open source of data.
I feel that this is the wrong move at this time. If the public feels it's their utility and goes to any location that harnesses the listing then I feel good that my listings will be seen. Currently a Mibor member when listing a home on the MLS/BLC will be on 1,4000 sites (see our site for more details Indianapolis Real Estate). The fear is make the public not user friendly then what value do we have compare to these next generations sites - Zillow - Trulia and Redfin?
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