Post Offer of Compensation, what is MLS?
Cooperation – MLS remains a “broker cooperative,” facilitating interactions among brokers to share information and support transactions.
“Single Source of Truth” + Historical Data (valuable in the age of AI).
Habit and custom – MLS is the known authoritative source, and people are used to going to MLS as a “source of truth.”
Data Platform – Beyond cooperation, the MLS is evolving into a platform that assimilates, manipulates, and disseminates data, capable of “Monetization”
Maximizing The Value of MLS Data
What must the MLS do to maximize the value of MLS data?
●Collect– Data Input, Mandatory Submission Rule (CCP)
○What if that rule goes away?
○Cost to acquire data will go up!
●Protect– Copyright ©, License Agreements
●Curate & Control– Accuracy, Prevent Dilution
●Distribute– RETS, API
Monetize – Metering Data and metered billing
Click on Data Flow with MLS Router 5
