Above, from left, Michael Wurzer, Cameron Paine, Melissa King, Garry Marsoubian and Justin Landon From the abolition of the three-way rule to the creation of private listing environments, MLSs are navigating new territory and reinventing themselves and the role they play with brokers and agents. In an upcoming session at RISMedia’s CEO & Leadership Exchange,…
Above, Thomas L. Reed As conversations around data ownership, access and interoperability continue to intensify, the role of MLSs is coming into sharper focus—a dialogue that will become more important as the industry shifts toward being more data-driven and technology-dependent. “Listing data isn’t just information sitting in a system,” says Thomas L. Reed, the broker-in-charge…
The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and Iran war-related disruption. Excluding food and energy (so-called “core inflation”), the headline PCE price index increased by 0.3%, according to the latest report from the Bureau of Economic Analysis. Year-over-year, the PCE price index increased…
The long-debated 21st Century ROAD to Housing Act made it past its final vote in Congress when the House approved the omnibus bill by a 358-32 vote last night. However, on its last leg to passage, it hit a snag when President Donald Trump announced on social media this morning that he was canceling the…
Jessica Edgerton, who takes over as CEO of the Council of Multiple Listing Services (CMLS) on July 1, gave RISMedia an interview last week that every agent should read—not because it sounds an alarm, but because it doesn’t. Edgerton gets the most important thing exactly right. Asked what is worth protecting as private listings and…
Above, agents from broker/owner Jim Roberts’ Metro Roberts Realty in Buffalo, New York with Allan Dalton and John Featherston. Photo courtesy of WNY Metro Roberts Realty. For Jim Roberts—founder and broker/owner of Buffalo, New York-based Metro Roberts Realty—standing out in today’s market requires more than a competitive commission plan. It means constantly finding new ways…
Northwest MLS (NWMLS) on Thursday, defended its countersuit against Compass in the Western District of Washington, urging Judge Jamal N. Whitehead to allow the MLS’s fraud, Consumer Protection Act and tortious interference claims to proceed against the mega-brokerage in a high-profile battle over MLS policies that is likely to reverberate across the industry. Responding to…
WASHINGTON D.C. — A potential new Standard of Practice for Realtors® sparked debate amongst the members of the National Association of Realtors®’ (NAR) Board of Directors (BOD) at the 2026 Realtors® Legislative Meetings, with proposed change to disclosure requirements eventually withdrawn. The controversy came after a relatively quiet gathering in the nation’s capital, at least…
Three Virginia congressional representatives have sent letters to the Federal Trade Commission (FTC) encouraging further investigation into listing portal practices and their effects on housing affordability. Jennifer McClellan and Don Beyer (both Democrats) sent a letter to FTC Chairman Andrew Ferguson on May 29. On June 12, Ben Cline (a Republican) sent a second, substantively…
The multiple listing service has always been a simple concept. But like a lot of straightforward ideas, everything gets a lot more complicated once you need to address competing interests, stakeholder priorities and operational requirements. Even so, MLSs remained a relatively unquestioned foundation of real estate for decades—until now. For the first time in the…
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