The MLS Roundtable, an industry group representing agents and brokers nationwide, issued a pointed report calling for the nation’s MLS’s to move more quickly and adapt to changes in the real estate marketplace. The study noted, among other things, that iBuying and real estate tech firms have received billions of dollars in investor funding and now directly threaten all MLS’s.
Steven Swanepoel, CEO of T3 Sixty and longtime industry observer said that the nation’s MLS’s will soon miss their opportunity to change, but noted, in a statement, “Change does not mean legacy systems and players necessarily become irrelevant”.