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"Is Your MLS on the Endangered Species List?"

Earlier last month, Reuters News Service announced that three of the largest online aggregators of residential home listings, Yahoo! Real Estate, Zillow, and Trulia had all agreed to adopt a standard format for the collection and distribution of real estate listing data. This will allow the flow of critical information from real estate franchisors, Brokers, and MLS agencies to move more quickly and efficiently to consumers.

In his highly prophetical "Lions over the Hill" speech delivered to the NAR membership in 1993, then president, Bill Chee, predicted that the predatory 'lions' of technology would one day prey upon the clueless, complacent, and unsuspecting gatekeepers of the Listing Stronghold, the MLS.

Is Your local MLS facing extinction? To find out more, simply click on through to SOUNDBITEBLOG (opens up into a seperate window for ease of viewing)

another quality article from SPARKY

Posted by Rich Jacobson Kitsap County WA Real Estate on 02/28/2008 10:36 PM

Comments (5)

mls, multiple listing service, extinction, yahoo real estate, zillow, trulia

5 Comments on "Is Your MLS on the Endangered Species List?"

FEB

2008

When I first stared in Real Estate 10 yrs ago, my broker then told me that someday the will be no MLS. Somedays I wonder if his words are going to ring true...It is kinda scarry thought when you lot real hard at it

It will be interesting to see what happens. But most buyers search with an agent. Agents use MLS to search, there will always be a board of real estate agent-to-agent information. Even if the MLS is consolidated or becomes obsolete, true expert knowledge is never obsolete.

William - thanks for commenting. Worse things could happen to us. Our value as licensed professionals isn't determined by who holds the listing data. Our value comes from our intimate understanding of our local markets, and our experience/knowledge to counsel our clients accordingly.

Jason - precisely my point. Thanks for stopping by and sharing your thoughts...

Rich- Thats pretty wild! My website leaves out many pieces of the listing report (it may be because the mls wants it that way im not sure.)

Guess we will find out soon how it plays out, I dont think the mls will go away tho.

Great post!

Larry

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