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In 2022, Brian Donnellan, president and CEO of Bright MLS, led the design and launch of REdistribute, a joint venture that will provide unbiased and up-to-date MLS data and analysis directly from sources to financial institutions in the housing industry.
Revenue will be shared with brokers and MLS organizations to ensure that participants receive fair compensation for data they provide. REdistribute will also provide licensees with real-time insights on specific markets.
“Making the MLS tool indispensable for Bright’s 100,000+ subscribers, and continuing to meet their needs during a shifting market, is rewarding, week in and week out, for everyone at Bright,” Donnellan said. “The scale of Bright allows us to take leadership roles on behalf of the industry, a role we embrace. REdistribute has the potential for rewriting the rules of engagement on behalf of the industry, creating value for brokers, and we look forward to bringing it to fruition.”
Homes.com provides millions of free leads to agents and billions in value back to agents. Stop giving away your commissions and paying referral fees! Update your agent profile on Homes.com. Learn more.
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