“Believe it or not, there was a time when people needed to be convinced that the internet would matter. In 1995, when web browsers were first becoming commercialized, I had the opportunity to tell the real estate industry that the internet was going to change the way business was done. That turned out to be true.”
The risk here isn’t just lost revenue, it’s the loss of relevance. When unauthorized “grey market” entities provide easier access to your data than you do, they become the primary source of truth in the eyes of the industry. To protect the exclusivity and value of an MLS membership, boards must transition from passive data providers to active Data Custodians
As the CEO of the San Diego MLS, Saul was quick to respond with the fact that MLSs should be looking for alternative ways to showcase the value of the MLS. He explores the concept of flipping the current subscription-based business model and finding opportunities to monetize the data and bring benefits back to the providers of the data.
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The findings from San Francisco show that on-MLS listings consistently outperform off-MLS transactions in both sale price and transparency metrics.
But in real estate, in parenting, in everyday life, we’re already negotiating with a new kind of construct. AI isn’t a fantasy. It’s a framework we’ve invited in. The question isn’t whether it will change everything. It’s whether we’ll realize when we’re no longer in control.
The Compass v. NWMLS lawsuit is a pivotal moment in the real estate industry’s evolution, pitting a self-proclaimed disruptor against a powerful, broker-owned MLS. Compass’s allegations of monopoly power, anti-competitive rules, suppressed innovation, and consumer harm strike at the heart of how real estate markets operate.
If we we can package that data up and sell it to other people who might be interested in it in the secondary market, like the capital markets, then we generate enough revenue to where we could compensate the true content providers – the brokers and agents.
FAQ #5 Yes, if the seller is willing to offer buyer concessions, the listing broker can communicate this fact in the MLS remarks section. The
Another case Gibson et al V NAR et al. https://fingfx.thomsonreuters.com/gfx/legaldocs/znpnzorqwpl/Gibson%20v%20NAR%20202310.pdf The attorney for the plaintiffs, Michael Ketchmark, also the attorney in Sitzer/Burnett, is beginning to
From a presentation at the RESO (Real Estate Standards Organization) Fall Conference in San Diego last week.
John Dolan is one of my business associates at Places Platform LLC: FYI- Zillow recently updated their 1-, 3-, and 12-month HPA forecasts. Among
