International markets embrace the American MLS model
The GDX was announced and signed during the International MLS forum organized by the Real estate organization (Reso) and the European Association of Real Estate Professions (CEPI) Last week in Toronto.
A global vision of real estate
According to Merri Jo Cowen, the agreement was concluded by the realization that ‘real estate has become more worldwide.
“Our professionals and consumers look beyond boundaries more than ever. We wondered:” Why can’t we be the pioneers who put forward a simple, safe and consistent way to share data? “” Cowen wrote in an e -mail.
Cowen will go as CEO of Stellar next year, but remains as a CEO of Universal advisory opportunities (UCO) A subsidiary of Stellar. “Through our subsidiary we can demonstrate that the value that MLS entails is universal. Being part of this agreement means that our subscribers will be one of the first to benefit as soon as the technical work is completed, and that is a responsibility that we take very seriously,” she says.
The world wants what the US has
With many real estate professionals and leaders in the US who insist on private listing platforms and the demolition of the MLS system, Cowen said that she finds the level of international interest in the MLS system very useful.
“The fact that international organizations want to coordinate with MLS tells us something important: the principles in the heart of MLS – trust, transparency and cooperation – are universally appreciated. Markets look at us as a model for delivering accurate and reliable data,” Cowen wrote.
According to Saul Klein, the CEO of SDMLS, the agreement shows how important standardized list data is for real estate professionals in other global markets.
“Much of the rest of the world does not have the MLS. Real estate is almost a liquid active because we have MLS and exclusive representation,” Klein said. “We have seen portals in other countries earlier [the] MLS, which has become really messy and now the rest of the world is hot for the benefits of MLS. So the rest of the world is wearing it and ironically we do everything in this country to break it apart. ”
Optimistic about the future
Despite these feelings, Klein is optimistic about the future of standardized list data and the newly formed global data exchange.
“There are many obstacles and political obstacles to find out to do something like this, but I think we start well,” Klein said. “We have to compile a management structure that people can accept and understand, so we have rules of involvement, so there is a lot of work to do, but the general vision is really good.”
Klein said that they have already received interest from other MLSS in the US and abroad who are interested in becoming a member of the organization.
“I am optimistic about what this means for data standards because I see this as a really positive in my own country and internationally,” Klein said. “For me that is the best, and then, just opening things and giving people more transparency in the availability of real estate – I think that is really valuable.”
