CMLS Publishes White Paper on Competition in Real Estate
Friday, June 1, 2018
HENDERSON, Nev. — Council of Multiple Listing Services (CMLS), the professional trade organization that serves the Multiple Listings Services industry across North America has published a white paper as input to the Federal Trade Commission (FTC), Department of Justice (DOJ), and interested industry participants about the critical pro-competitive role of Multiple Listing Services (MLSs) in Making The Market Work.
“This white paper helps to explain the pro-competitive nature of MLS and the ways in which MLSs serve as essential conduits for brokers and the public” said David Charron, CMLS chair and chief strategy officer of Bright MLS. “It showcases how MLSs are Making The Market Work.”
The paper also addresses the value of listing data content as intellectual property, the role of choice for the listing broker and home seller, and the importance of leveraging the pro-competitive nature of MLS in any considered policy changes.
As an organization that brings the real estate industry together to explore issues, provide solutions and advance multiple listing services to build a better marketplace, CMLS developed this resource to further clarify the role MLSs have played in building a strong, pro-competitive marketplace for residential real estate.
The Council of Multiple Listing Services (CMLS) is the professional trade organization that serves to advance the MLS industry in North America through unified leadership, collaboration, and education across the real estate industry. It was formed as a premier forum, advocate and resource in 1957 and has since evolved into a volunteer-led organization that is responsible for the advancement of MLS through education, innovation, and the implementation of best practices, industry standards, and next generation solutions in support of MLS providers with over one million subscribers.