The recent unmasking of REcolorado’s buyer—Joseph E. Burks, president of Equity Title of Colorado, who owns a company called Mazl LLC that will take control of the MLS—has brought up much conversation on what impact it will have on the MLS industry.
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Not sure this is the tip of the iceberg but the next 12-18 months will be interesting. As stated, the DOJ is a force to reckon with and MLS industry stakeholders are better off to be ahead of that behemoth. Far more effort by all involved should focus on the potentially harmful impact on the consumer. As again mentioned, owner data rights and a fragmented MLS will by default create an exclusionary marketplace for buyers. No good will come out of such an environment. Lastly, MLS subscribers should prepare now for a substantial increase in access fees when non-association owners gain a foothold.