Comments on: Move over MLS, here comes the BLC http://www.agentscoreboard.com/blog/2007/07/27/move-over-mls-here-comes-the-blc/ the blogiest blog that ever was! Sat, 17 May 2008 13:42:21 +0000 http://wordpress.org/?v=2.5.1 By: FBS Blog » Blog Archive » Is the term MLS dead? http://www.agentscoreboard.com/blog/2007/07/27/move-over-mls-here-comes-the-blc/#comment-273 FBS Blog » Blog Archive » Is the term MLS dead? Thu, 30 Aug 2007 14:39:41 +0000 http://www.agentscoreboard.com/blog/2007/07/27/move-over-mls-here-comes-the-blc/#comment-273 [...] More and more real estate multiple listing services (MLSs) are being re-named “broker exchanges” or “listing exchanges” or something similar.   There are  several reasons for these changes, such as wanting to distinguish themselves from the MLS organizations being attacked by the DOJ and to make clear that their MLS is for brokers only and not the consuming public. [...] [...] More and more real estate multiple listing services (MLSs) are being re-named “broker exchanges” or “listing exchanges” or something similar.   There are  several reasons for these changes, such as wanting to distinguish themselves from the MLS organizations being attacked by the DOJ and to make clear that their MLS is for brokers only and not the consuming public. [...]

]]> By: bruce hahn http://www.agentscoreboard.com/blog/2007/07/27/move-over-mls-here-comes-the-blc/#comment-78 bruce hahn Fri, 27 Jul 2007 21:54:00 +0000 http://www.agentscoreboard.com/blog/2007/07/27/move-over-mls-here-comes-the-blc/#comment-78 I hope this rumor isn't true. To “recapture our listings from the public domain” is another way of saying that the Metropolitan Indianapolis Board of Realtors would be planning to limit the dissemination of their seller's listings, thereby abdicating their fiduciary responsibility to use all reasonable steps to maximize their listings exposure to potential buyers. If I was a home seller I would rather go with a broker who is disseminating my listing as widely as possible on the Internet through as many websites as possible. That also reduces the seller's risk that the broker who is trying to help the buyer get the lowest price turns out to be the same broker who had previously agreed to help the seller get the highest price. If this rumor is true it could help hasten the demise of small and midsized independant Indianapolis brokers. On the other hand, craigslist and other rapidly growing public listing venues will be delighted! If the Department of Justice and Federal Trade Commission allow an anticompetitive concept such as this to go forward, I would hope that the Indianapolis independant brokers would then band together and stand up for their rights by creating their own independant local MLS rather than support this threat to their continued viability. That could create an interesting competition - home buyers could go to the collective listings of the independants through their own indepentant MLS and their collective websites, or go to the big guys websites, each with only their respective in-house listings only. The small and independant real estate brokers who are the heart and soul of the industry have a common interest with American homeowners in opposing any large brokers who try to simultaneously put small and independant real estate brokers out of business and abdicate their fiduciary responsibility to home sellers and buyers. I'm rooting for the independants and for American homeowners! I hope this rumor isn’t true. To “recapture our listings from the public domain” is another way of saying that the Metropolitan Indianapolis Board of Realtors would be planning to limit the dissemination of their seller’s listings, thereby abdicating their fiduciary responsibility to use all reasonable steps to maximize their listings exposure to potential buyers. If I was a home seller I would rather go with a broker who is disseminating my listing as widely as possible on the Internet through as many websites as possible. That also reduces the seller’s risk that the broker who is trying to help the buyer get the lowest price turns out to be the same broker who had previously agreed to help the seller get the highest price.

If this rumor is true it could help hasten the demise of small and midsized independant Indianapolis brokers. On the other hand, craigslist and other rapidly growing public listing venues will be delighted!

If the Department of Justice and Federal Trade Commission allow an anticompetitive concept such as this to go forward, I would hope that the Indianapolis independant brokers would then band together and stand up for their rights by creating their own independant local MLS rather than support this threat to their continued viability. That could create an interesting competition - home buyers could go to the collective listings of the independants through their own indepentant MLS and their collective websites, or go to the big guys websites, each with only their respective in-house listings only.

The small and independant real estate brokers who are the heart and soul of the industry have a common interest with American homeowners in opposing any large brokers who try to simultaneously put small and independant real estate brokers out of business and abdicate their fiduciary responsibility to home sellers and buyers.

I’m rooting for the independants and for American homeowners!

]]> By: The Feed Bag http://www.agentscoreboard.com/blog/2007/07/27/move-over-mls-here-comes-the-blc/#comment-77 The Feed Bag Fri, 27 Jul 2007 19:15:07 +0000 http://www.agentscoreboard.com/blog/2007/07/27/move-over-mls-here-comes-the-blc/#comment-77 [...] Mike at Agent Scoreboard reports on the new head in sand technology the brokerages are working on. Move over MLS, here comes the BLC [...] [...] Mike at Agent Scoreboard reports on the new head in sand technology the brokerages are working on. Move over MLS, here comes the BLC [...]

]]>