MLS will happen by New Year.Rift has cooled, and progress is becoming apparent Two groups of residential real estate firms trying to create a multiple listing service are moving forward with their respective plans, although the groups have not yet announced a plan to consolidate their efforts. "We're we're Contraction of we are. we're we are moving full steam ahead," said Kent Swig, cochairman of Brown Harris Harris, Scotland: see Lewis and Harris. Stevens, a member of the Manhattan MLS See multilevel security. Joint Task Force. In early August three firms -- The Corcoran Group, Douglas Elliman, and Halstead Property -- announced a plan to create an MLS to be operational by Jan. 1. The announcement caught many in the industry by surprise, particularly those serving on the Manhattan MLS Joint Task Force. Task force members said they have been working since the beginning of the year on an MLS initiative and were unaware of the three firms' plan to establish an MLS of their own. The task force initiative is intended to be an expansion of a computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. system called the Listing Exchange, or LEX, that is currently being used in the industry. Pamela Liebman, President and Chief Executive Officer of the Corcoran Group, has said the three firms decided to join forces in the hopes of facilitating an industry-wide effort to create an MLS that firms throughout the industry would be invited to join. The main point of contention between the two groups appears to center around the issue of ownership. Task force members have accused the three firms of wanting to own the largest portion of the MLS, which would allow them to exercise the most control over the system. The three firms have denied this, saying decisions regarding ownership have not been made. Most in the industry agree that having a united MLS would be preferable to having two competing ones. Although the rift between the two groups appears to have died down substantially, neither side has made a public announcement saying it will join the other group's initiative. The Real Estate Board of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , which has been working to facilitate the MLS initiatives, has remained neutral throughout the conflict. REBNY REBNY Real Estate Board of New York President Stephen Spinola said discussions on the issue have been continuing. "We believe it's in the best interest of all firms involved to create one MLS system," Spinola said. A spokeswoman for the Corcoran Group said the three firms have been moving ahead with their MLS plans, but would add little else, saying a moratorium A suspension of activity or an authorized period of delay or waiting. A moratorium is sometimes agreed upon by the interested parties, or it may be authorized or imposed by operation of law. was in place, prohibiting firms from speaking publicly on the issue. Task force members said they have signed up almost 100 firms and 3,000 brokers. The task force technology committee is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of selecting the technology platform for the system and a search to find a chief executive officer to oversee system operations is underway. Shari Goodstein, Executive Director of Goodstein Equities Inc., said the task force was hopeful that the system would be operational soon. "We're optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that it will be running by Jan. 1," she said. |
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