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Rainmaker
212,755
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I don't see it happening, if for some strange reason it does of course there will be abuse. There will always be some bad apples in the bunch to abuse anything.

Oct 30, 2015 04:44 AM
Ambassador
6,418,132
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Zillow, realtor.com??

Jan 04, 2019 11:33 PM
Rainmaker
1,506,033
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I do not see this becoming an official reality.  If all boards syndicate their listings to Realtor.com (or zillow or site du jour), then they can become a national MLS in effect.  Will people abuse it?  If the sun rises and gravity exists, you can safely bet on abuse.

 

Right now in my area we have a regional MLS.  People from way out of the area can list homes in my area and boy can they screw things up!  Missing or incorrect tract codes, lack of photos, saying things our board won't allow us to do... yep that all occurs and more.  Gues what, because they aren't a member of our board... zero enforcement!  But if I put my name or number in the listing description or have a photo with my contact info or watermark on it, I get written up and fined.

 

I'd imagine it would be a "wild wild west" if we went to a national MLS.  Can you imagine how many people would say "I can list your home anywhere in the country for $50" and how accurate those listings and prices would be?  The stuff of nightmares!

Oct 30, 2015 04:05 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Michael Thornton it's difficult to manage the MLS at local level. So if this national MLS becomes Reality - it will be a big challenge.

Plus don't even think who it will be!

Oct 30, 2015 03:05 AM
Rainmaker
766,079
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I can't see it ever happening. It would be unfair to the consumer.

Oct 30, 2015 02:29 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

It looks like Lowes and SoloPro have already started to abuse this set up.

Oct 29, 2015 10:47 PM
Rainmaker
1,712,776
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Michael, as someone who has been on MLS boards as well as NAR committees dealing with this I would say that is a zero chance. There is consolidation going on because having 200 members on an MLS system is a financial absurdity. 

Oct 29, 2015 10:19 PM
Rainmaker
5,239,949
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Michael, we are seeing abuses already. Agents from Miami representing people on the west coast as far north as Sarasota. They need GPS just to get here, much less know anything about the area!

Oct 29, 2015 09:22 PM
Rainer
150,466
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

It won't happen since state laws control content on the MLS too often. What I can post in the MLS here, and terms that I am allowed to use, are much different from other parts of the country.

Plus another reason is that local boards make money off of access to their MLS, and they won't give that up. 

Oct 29, 2015 09:19 PM
Rainmaker
2,375,711
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I feel like we already have it with Realtor.com and Zillow/Trulia - I am sure if someone builds it they will monetize it and others will abuse it too.  Isn't that the way things turn out - a few bad apples even with good ideas? Wow - I am really negative this morning! 

Oct 29, 2015 08:27 PM