Multiple Listing Services (MLSs) are independent, local marketplaces that promote innovation and make it possible for residential real estate businesses of all types and sizes to compete.
Local broker marketplaces create the largest opportunity for connections between real estate agents with properties to sell and those with clients looking to buy.
Enable Comprehensive Marketplaces
Access to inventory and widespread advertising, along with the practice of the listing broker paying the buyer brokers’ compensation, incentivizes local broker participation.
Ensure Reliable Data Access
When brokers input information into local broker marketplace databases, they create hubs of trusted, verified information where all participants have equitable access.
Advance Small Business
Compiling housing information that is accessible to all businesses, in one place, allows smaller real estate brokerages to compete with larger ones.
Because of lower barriers to entry enabled by local broker marketplaces, new market entrants can advance technology, consumer service and other innovations.
Provide Unprecedented Competition
Many different service and fee business models – from varied commission models to flat fees – thrive in local broker marketplaces.