Metropolitan Regional Information Systems, Inc. (MRIS) and The Delaware Valley Real Estate Information Network, Inc. (TREND) recently announced their intention to create a content feed of listing information from both multiple listing services (MLSs). The new combined feed will be available to brokers who participate in both MLSs, and can be used for IDX, broker back office and other data needs.
“When brokerages operate across multiple marketplaces, they must aggregate information from multiple data feeds, apply the appropriate display rules for each MLS, and pay redundant technology costs, all in order to have a unified IDX search on their own websites or improve brokerage operations,” said Sandra Troccoli, Director of Information Technology & Website Services for Berkshire Hathaway HomeServices (BHHS) Homesale Realty. “This is a new opportunity that will reduce technology costs and cumbersome management of duplicate feeds. It highlights the importance of MLS consolidation from a technology standpoint.”
Last fall, MRIS and TREND announced their intention to consolidate their MLSs to create the next era of MLS that will preserve compensation and cooperation, promote the expansion of an orderly and efficient marketplace and provide brokerage firms greater control of and access to their listing content. MRIS and TREND are starting now to find concrete ways to serve the combined brokerage community. The first product to be delivered will be a new feed with listing content from both MLSs.
“MRIS and TREND are developing a streamlined way to deliver real estate information and provide brokers with easier access to all their listing content,” said Jon Coile, Chairman of MRIS’s Board of Directors. “This combined feed is the first tangible benefit to be delivered as an advantage of MLS consolidation. It brings economies of scale, common policies, and simplified processes to brokers in the Mid-Atlantic region. Without the challenge of administering multiple content feeds, we can spend more time focusing on our business and our clients’ needs.”
Following their shareholders’ approval of the planned consolidation, brokerages who had been participants of MRIS, TREND or neighboring MLSs participating in the consolidation initiative will have access to the complete listing content from the entire territory.
For more information, visit MLSevolved.com.