The following statement was sent to all CMLS members and shared on CMLS social media channels.
The Multiple Listing Service has helped shape and sustain the most open, transparent, and competitive housing market in the world. The settlement terms announced today, which include a removal of the offer of compensation from Multiple Listing Services, will impact real estate agents, brokers and the homebuyers and sellers they serve. Nonetheless, WE ARE READY.
Multiple Listing Services will continue to provide the bedrock of information upon which professionals and consumers can rely on to make critically important housing decisions. The Multiple Listing Service will continue to give anyone with a stake in housing the clarity and insight that only accurate, timely data can make possible.
Soon, CMLS members will receive an invitation to participate in an MLS Matters webinar. We will discuss what these changes mean for our industry and how best to move forward together.
Today's announcement marks the beginning of a period of change. CMLS, and its members, will respond to that change.
Through this, the Multiple Listing Service will continue to make the real estate market work.
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