First, let me thank my fellow Coldwell Banker realtor, Susie Blackmon in Ashville, NC, for alerting me -and other readers - to an article that appeared earlier this week in the New York Times. Basically the author, Bob Tedeschi, writes about how the some 900 multiple listing services (MLS) around the country are beginning to loosen restrictions on what can be listed and where.

Ultimately, opening the MLS to all comers (for sale by owner, bank foreclosurers, etc.) will give buyers and sellers alike the opportunity to cast the widest possible net to complete a sales transaction. On the other hand, agents should embrace this new trend and adjust their own strategies to complement the extraordinary reach of the world wide Web. My friend Susie is an adamant proponent of transparency in all things real estate and I can’t say that I disagree.

To read the complete NYT article, click here.

Have a good Friday,

Michael

To read more, visit:

Lifting the Veil of Confusion - Changes Are In Store for the Multiple Listing Service (MLS)