Datasharing

Love Thy Neighbor!

Futuristic Idea or Today’s Reality

What Brokers want from their MLS

• Standardized rules• Consistent rules enforcement

• Localized data feed for their office• Complete and accurate

MLS data for their market area

The problem is…

Brokers and agents MUST join multiple MLS’s to get complete and accurate data

• Additional costs• More paperwork

(simulated offices & waivers)

The problem is…

Boundaries and Jurisdictions are grey lines!

The problem is…

Merging or Regionalizing is not easy!

So, what are the options?

Someone could create a……

STATEWIDE MLS!!!!

KANSAS MLS

The Statewide MLS option

Pro: May be able to reduce member cost (discount for quantity)

Con:

MLS means the offer of cooperation and compensation - are you ready for that?

Member only IDX Website

Member only IDX Website

What would the benefit be over Zillow, Trulia, and Realtor.com?

• Agents can already search these sources for active info.

• Solds?• Off Markets?

It would have a fee!

So what is the answer?

DATA-SHARING

Data-Sharing

Is a way for brokers and agents to access MLS information without the challenges or

delays of mergers or regionalization!

Data-Sharing

You’re already sharing data with Zillow, Trulia, Realtor.com and 100’s of other sites through syndication……

Why not share with your

neighboring MLS’s?

Data-Sharing

• No offer of cooperation and compensation

• Could offer reciprocal display of actives, solds, and off-markets

• Enhances security by eliminating the need to provide data access to non-participants

Data-Sharing

• Positive alternative to merges or regionalization

• Protects the independence and identity of each MLS

• Ensures accurate MLS information

Data-Sharing

• Open search would retrieve listings from multiple MLS’s

• Members have the opportunity to stay more informed than their buyers• Find more listings with the availability to

search across boundaries• More accurate CMA’s with more data

available

Data-Sharing

• Offers more exposure for every listing to a broader geographic market

So, what are the options?

• Corelogic• IMAPP • Move, Inc.

Isn’t there a option?

Compilation of

• Your MLS data• County tax information• Census data• Demographics• School info

…and more

RPR offers the data-sharing platform as a free member benefit to participating MLS’s

• It’s NOT a way to integrate neighboring MLS data into your own MLS platform

• It IS a way to search participating MLS’s data mixed with your own in the RPR!

• Discuss these ideas with your MLS leadership and determine if your members can benefit from data-sharing

• REBR can help by answering any questions your leadership may have

• REBR will provide an agreement for all MLS’s that wish to OPT-IN

• Each MLS would notify RPR of the MLS’s they would like to share data with!

How to get started…

YES!

It can be that easy!