Would it bother you?
In phoenix the MLS is considering a consumer portal, In other words their own IDX site. This site would provide consumers with the most up-to-date data about properties and their prices. Information typically only visible though the back end of the MLS will stay private to MLS members. Customer queries on a listing will go straight to the listing agent.
One loose end that seems to appear is that a consumer can then contact many realtors in their search rather than just working with one buyers agent. This is not a new concept as it would be the same as when a consumer uses realtor.com or any other listing aggregators.
The response from real estate professionals I have heard from has been overwhelmingly negative. They feel they are losing control as a buyer’s agent, and their consumer will just contact listing the listing agent. Some brokers fear that the average commission will go down because the total commission is usually lower when a realtor represents both sides of a sale.
Are their fears justified? Aside from the argument that its too late, and sites like realtor.com make this issue moot. What are the pros?
I think in this current market it is useful for a listing to hit as many eyes as possible as the glut of inventory is part of the overall market problem.
In your area does the MLS provide the customers a page for property searches? How do you feel about that?
-Evan Brom

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