Real Estate Report:

A new multiple list service (MLS), called Bright MLS, is gearing up to take effect in the Delmarva area that will cover the entire state of Maryland and Delaware. In total, the new regional MLS is comprised of 43 Realtor associations from parts of 6 states— Delaware, Maryland, New Jersey, Pennsylvania, Virginia (it does not include the eastern shore of Virginia) and Washington, D.C. This trend to consolidate MLS’s is national, and it shows that the real estate industry is undergoing exponential change.

Bright MLS’s website states, “The physical, political and philosophical boundaries of MLSs no longer fulfill what brokerages need to conduct business. Bright MLS was created from a desire to be the change that real estate professionals demand. We want to empower everyone to get more out of the MLS.”

The consolidated MLS system does allow subscribers who work on the border of a county or state to belong to just one MLS system. For example, until now, when you were a licensed Realtor in Maryland and Delaware, you had to subscribe to both MLS’s who used different MLS software providers. Bright will now be able to provide subscribers with access to listing information for a larger geographic area, and updated technology that includes apps for the general public to use as well.

The customer search engine is available at homesnap.com and also as an app for your phone by searcing Homesnap Real Estate.

Bright communicates they are are guided by three principles:

MLS Simplified – Reduce duplication, so a larger group of subscribers have one set of rules, one fee, one system and one process.

Greater Innovation – Pioneer imaginative and relevant solutions that position everyone for the future.

More Information – Offer a broad ecosystem of robust property information and analytics to power real estate businesses.

 

Lauren Bunting is a licensed Associate Broker with Bunting Realty, Inc. in Berlin, MD.

Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.