Courageous, Unselfish, Forward Thinking, Thoughtful – those are the adjectives that Association shareholders, brokers and agents are using to describe the merger of Metropolitan Regional MLS and Trend MLS. In an announcement today, the firms announced that they are now offering a combined data feed. This means that any technology service provider can get one data feed from both markets, reducing the costs associated with managing multiple feeds and normalizing data.
Unified Feed is Designed for Participant Brokers
Rockville, MD and King of Prussia, PA – Metropolitan Regional Information Systems, Inc. (“MRIS”) and The Delaware Valley Real Estate Information Network, Inc. (“TREND”) announce their intention to create a content feed of listing information from both multiple listing services (MLSs). The new combined feed will be available to brokers who participate in both MLSs, and can be used for IDX, broker back office and other data needs.
“When brokerages operate across multiple marketplaces, they must aggregate information from multiple data feeds, apply the appropriate display rules for each MLS, and pay redundant technology costs, all in order to have a unified IDX search on their own websites or improve brokerage operations,” said Sandra Troccoli, Director of Information Technology & Website Services for Berkshire Hathaway HomeServices (BHHS) Homesale Realty. “This is a new opportunity that will reduce technology costs and cumbersome management of duplicate feeds. It highlights the importance of MLS consolidation from a technology standpoint.”
Last fall, MRIS and TREND announced their intention to consolidate their MLSs to create the next era of MLS that will preserve compensation and cooperation, promote the expansion of an orderly and efficient marketplace and provide brokerage firms greater control of and access to their listing content. MRIS and TREND are starting now to find concrete ways to serve the combined brokerage community. The first product to be delivered will be a new feed with listing content from both MLSs.
“MRIS and TREND are developing a streamlined way to deliver real estate information and provide brokers with easier access to all their listing content,” said Jon Coile, Chairman of MRIS’s Board of Directors. “This combined feed is the first tangible benefit to be delivered as an advantage of MLS consolidation. It brings economies of scale, common policies, and simplified processes to brokers in the Mid-Atlantic region. Without the challenge of administering multiple content feeds, we can spend more time focusing on our business and our clients’ needs.”
Following their shareholders’ approval of the planned consolidation, brokerages who had been participants of MRIS, TREND or neighboring MLSs participating in the consolidation initiative will have access to the complete listing content from the entire territory.
WAV Group has covered this merger pursuit. Please check out our last article on the topic Understanding the MRIS – Trend Project https://www.wavgroup.com/2015/10/14/understanding-the-mris-trend-project/
For more information and to find out how to join the next era MLS, please visit MLSevolved.com or Facebook.com/MLSevolved and follow us on Twitter.com/MLSevolved.
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About MRIS and TREND
The MRIS and TREND real estate market spans 32,000 square miles throughout the Mid-Atlantic region, including parts of Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C. and West Virginia. Its commitment is to preserve compensation and cooperation, promote the expansion of an orderly and efficient marketplace and provide participating brokerage firms greater control of and access to their listing content. Through this commitment, almost 70,000 real estate professionals within the Mid-Atlantic regional market serve over 17 million consumers, have contributed approximately 6.8 million listings since 1996, manage the information for over 10 million public records parcels and in 2015, facilitated over 200,000 transactions valued at more than $7
