"Tomorrow's MLSs must thrive in competition, not just survive, and that means earning their customers every single day. It means being better because if customers have another choice they may go with it, Evans said. Now, let's be clear, I'm not saying your competition is just your neighbors or whoever is sitting at your table, or even portals or mega brokers with private networks, or startups offering new ideas, but it could also be something we haven't even seen yet."
"The world is turning and many would say not in the favor of the MLS, Eales said during a session at Open House Tuesday morning. For those companies and commentators who criticize, bully or sue the open MLS system and independent buyer agency it enables, you should be careful what you wish for. The American system could devolve. At the same time that competition in the MLS space has increased, the MLSs have also had to contend with removal"
MLS organizations face intensifying competition from local agents, portals, mega-brokers, startups, and unforeseen entrants. The NAR commission settlement eliminated agent compensation as a pillar of MLS value, leaving cooperation as the primary foundation. This shift places MLSs at an inflection point and creates risk of systemic erosion if competitive pressures escalate. To remain competitive and retain customers, MLSs must earn business every day by expanding services. MLSs need to evolve from supplying moment-in-time listing snapshots to delivering comprehensive lifecycle data and services about a property's history, condition, and ongoing ownership-related information.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]