The real estate industry is undergoing a rapid transformation, driven by shifts in broker perspective, a changing business environment and rapid advancements in technology, Tim Dain, the CEO of NorthstarMLS, said in a statement. Our priority is to ensure NorthstarMLS moves ahead as a vital asset for the licensed real estate professionals who rely on MLS services. This new governance structure is a proactive, forward-thinking move that will strengthen the organization. Under this new model, NorthstarMLS's board of directors will be reduced from 20 directors to 11 directors, which the firm said will help streamline decision making.