Death to the MLS?

MLSs around the country are missing out on an amazing opportunity to maintain relevance as online companies continue to build up a marketplace without them.

Public-facing Web sites are what could’ve saved the MLS — and have in some markets — but many either can’t build them because of broker pressure or simply don’t have the resources to do it.

Bob Hale, CEO of the Houston Association of Realtors, which stands as the poster child for an MLS Web site done right, provides a reminder of this. HAR.com delivers 600,000 leads every year to its members. That’s a benefit no agent or broker can afford to ignore.

HAR’s surveys show that the more consumers use the Internet to conduct their own research, the more they will use a Realtor. The more information consumers get on their own, the more they turn to agents to help wade through it.

While the debate elsewhere over the value of public real estate search sites continues to drag on, brokers and MLSs are missing a grand opportunity to work together toward a common goal.

It makes no sense.

In the past year, brokers have feverishly moved to form listings partnerships with online companies, sending millions of listings to consumer portals and search engines to gain exposure in a troubled market. Many argue the MLS was never meant to be a consumer tool, but if the same efforts were put into creating a killer MLS experience and marketing that to consumers in local markets, brokers would get the same end result — greater exposure, more educated consumers, and, with any luck, more sales.

Rather than prop up the MLS the industry worked so hard to build, it has slowly caused its own demise by building up other online properties that now threaten the relevance of this walled garden.

Brokers built this amazing marketplace known as MLS about 100 years ago as a system of cooperation. But when it came to the Internet, this cooperative system suddenly was viewed as the enemy if leaked to the public in a venue outside brokers’ own Web sandboxes.

MLSs need to take a seat and study public sites like HAR.com and make a move before it’s too late. As Hale himself has said, if not for this grip on MLS information from within, sites like Zillow might never have been born. Consumers wouldn’t crave this information if the industry gave it to them first.

A public site does not compete with broker sites as long as the MLS is not in the business of brokering real estate. A public site is the key to improving the Realtor image. Consumers want reliable, transparent information in an environment where they don’t feel they are simply part of an agenda.

In the age of Google and Wikipedia, when nearly any bit of information can be surfaced within a few clicks, MLSs that keep listings and market data under lock and key have it backwards.

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About Michael

Michael serves the Anne Arundel County region of Maryland, with special emphasis on Annapolis, The Naval Academy, Eastport, Edgewater, Davidsonville and The Broadneck Peninsula. Michael also has a special relationship with the Westerlee Community in Catonsville (Baltimore County). Michael and wife Kendal moved to the Annapolis Area over 6 years ago and have vowed to "never live anywhere else! (unless we win the lottery!)" And they would like to welcome you to the community and feel free to visit My Featured Listings Page When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. My commitment as your local REALTOR is to provide you with the specialized real estate service you deserve. Advanced Courses Of Study: CRIS Designee - Certified Residential Investment Specialist Principles & Practices of Real Estate Course Graduate Champion Sales Mastery Post-license Course Graduate Chris Coile's Champion Fast Track Seminar Graduate Professional Contract Negotiation Course Graduate Arizona State University, Finance & Business Administration When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why my goal is to keep you informed on trends in the marketplace using the latest statistics in your local area. With property values continuing to rise, real estate is a sound investment for now and for the future. As a local area expert with many years of local residency and special knowledge of the communities, my objective is to work diligently to assist you in meeting your real estate goals. Memberships: National Association of Realtors Maryland Association of Realtors Anne Arundel County Association of Realtors Welcome! Here You Will Find Great Real Estate Information for Annapolis, Crofton, Edgewater and the Rest of Anne Arundel County, Maryland. Special Recognition Special Recognition Multiple Member Million $ in A Month Ranked #1 in Company 2009 Top Producer Certified Residential Investment Specialist Best of the Best 2006, 2007,2008,2009 Rookie of The Year 2006 Anne Arundel Sales Master Thank you for visiting my website - please consider it as your online source for local real estate information, and return often for the latest property listing updates. I have spent many years creating strong, close bonds with local and internatonal business leaders through my years as a Professional Chef. I have appearred on numerous Television Shows and have written several published articles. I truly enjoy the whole idea of being "of service". One of my greatest thrills in life in to have someone say, "Thanks, you made this very special". Please give me the opportunity of hearing you say it!