The multiple listing service (MLS) industry is at a crossroads. For decades, real estate associations have traditionally owned and operated MLSs, providing brokers with access to property data while generating revenue from subscription fees. However, a growing movement is challenging the status quo, advocating for brokers—who supply both the data and the subscriber base that powers MLSs—to have a greater stake in ownership and profitability.
One MLS leading the charge is REsides, an independent, tech-driven MLS that has successfully implemented an equity ownership model. This week, REsides announced a 50% increase in dividends for shareholders, marking the second payout since launching its revolutionary approach in 2021. The company’s board of directors declared an annual cash dividend of $3.00 per share for Class A and B shares and $1.50 per share for Class C shares.
“This dividend increase reflects the strength of our business model and the value we are delivering to our shareholders,” said Colette Stevenson, CEO of REsides. “Our unique approach to MLS, combining equitable ownership, proven success leveraging the value of listing data, proprietary technology, and unparalleled customer service, positions us for sustained growth and long-term competitive advantages.”
The Opportunity for MLSs to Engage Brokers as Owners
Rather than selling to private investors or equity firms, MLSs have a significant opportunity to reward the very brokers who fuel their success. Brokers contribute not only the data that makes MLSs valuable but also the subscribers who pay for MLS access. Yet, many MLSs continue to operate with Association ownership under real estate associations and one has been acquired by outside investors, leaving brokers without any financial upside.
The REsides model challenges this traditional approach by offering brokers direct ownership, allowing them to benefit from the financial success of the MLS they help build. This structure aligns the interests of the MLS and its broker participants, fostering innovation, better technology, and more competitive services.
There are MLSs today, like Greater Southern MLS for example, that are owned BOTH by Associations and Brokerages as well as Appraisal companies. Organizations can co-exist and drive a relevant, broker-centric organization while allowing brokerages to benefit from the revenues generated by MLSs. Greater Southern MLS sells its services wholesale to Associations who then profit by marking up the MLS services. Brokers own the organization AND the Associations still generate profit as a MLS reseller. Win, win all the way around.
Why MLSs Should Consider Broker Ownership
- Stronger Industry Alignment
MLSs exist to serve brokers and agents. By allowing brokers to hold equity, MLSs can ensure that decision-making prioritizes their needs, rather than those of outside investors. - Financial Rewards for Brokers
Instead of paying fees without a return, brokers can share in the profitability of the MLS, benefiting from dividends and potential long-term value appreciation. - Long-Term Sustainability
As consolidation continues in the real estate tech space, MLSs that empower brokers with ownership position themselves for independence and longevity. - A Competitive Edge in a Changing Market
Brokers increasingly seek new ways to expand their reach and maintain profitability in fluctuating market conditions. An MLS that provides both essential services and financial rewards creates a compelling value proposition.
A Model for the Future
Following its latest dividend increase, REsides has opened a new investment offering, further underscoring the financial viability of this model. With a focus on leveraging listing data, proprietary technology, and customer-driven innovation, REsides presents a blueprint for MLSs considering a shift toward broker ownership.
The message to MLS leaders is clear: Instead of looking to sell to private equity or outside investors, why not reward the brokers who contribute to your success? By embracing an ownership model that prioritizes broker participation and shared profitability, MLSs can ensure long-term growth while strengthening their role in the real estate industry.
WAV Group manages a privately owned MLS so we have direct experience with MLS broker ownership. If your organization would like to discuss the pros and cons of a change in your MLS ownership model, we’re here to help! Simply fill out the form below.
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Full Press Release from REsides Below:
Media Contact:
Nicholas Scibetta
nicholas@nscibetta-associates.com
REsides Announces 50% Dividend Increase and Opens New Investment Opportunity
Industry-First Equity Ownership MLS Model Continues to Deliver Strong Returns
HILTON HEAD ISLAND, S.C. – March 13, 2025 – REsides, the independent, borderless, and tech-driven MLS, today announced a 50% increase in dividends for shareholders and the opening of a new investment opportunity for interested investors. The Resides Board of Directors has declared an annual cash dividend of $3.00 per share on Class A and Class B shares and $1.50 per share on Class C shares.
This marks the second dividend payout since REsides launched its groundbreaking equity ownership model in 2021. The first of its kind, the REsides MLS model helps brokers stand out, expand their reach, and drive growth, even in a soft market, while delivering more value to consumers.
“This dividend increase reflects the strength of our business model and the value we are delivering to our shareholders,” said Colette Stevenson, CEO of REsides. “Our unique approach to MLS, combining equitable ownership, proven success leveraging the value of listing data, proprietary technology, and unparalleled customer service, positions us for sustained growth and long-term competitive advantages.”
Following the dividend increase, which was paid out immediately after the Annual Shareholders Meeting, REsides has opened a new investment offering, highlighting the company’s strong financial health and growth potential.
For more information on REsides and the investment opportunity, visit www.REsides.io.
About REsides
REsides, Inc., a privately held corporation, is pioneering a unique borderless and independent MLS model driven by a tech platform that puts control back in the hands of brokers and agents. Supporting over $4.5 billion in transactions annually, REsides is dedicated to empowering its subscribers with reliable data and insights, innovative tools, and an unmatched equity model that is redefining the real estate industry to drive success in an ever-changing and competitive marketplace. Learn more about REsides at https://www.REsides.io/.
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