Printer Friendly
The Free Library
14,582,462 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Road to MLS still rocky.


The real estate industry has hit a few bumps in the road, but is still on course to create the city's first multiple listing service, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 an industry spokesman.

"We're trying to do a joint venture with over 100 firms. Anytime you try to do something with 100 firms, you're going to have problems," said Steven Spinola, president of 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
. "We're having our share of problems."

Spinola, who has been designated as a spokesman for the issue under an agreement reached by the firms involved, acknowledged that disagreements have emerged as the industry continues its efforts to create a web-based system for sharing information among brokers. But he said none of the major firms involved in the initiative have withdrawn their support for creating a multiple listing service.

"Nobody has splintered off. Depending on who you talk to and what time of day it is, some may have disagreements about the decisions being made," he said.

When individual firms -- such as Brown Harris Stevens, the Corcoran Group, and Sotheby's International Realty Sotheby’s International Realty, founded in 1976, is a luxury real estate network that offers a collection of luxury homes, estates and properties for sale throughout the world.  -- were contacted regarding the multiple listing service initiative, officials from the firms either refused to comment or referred calls to Spinola.

The industry has been trying for about a year to create a multiple listing service, or MLS See multilevel security. , which would dictate guidelines guidelines,
n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks.
 under which firms would share information in the buying and selling of residential real estate. Despite its use being widespread across the country, the New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 real estate industry has shown an historic reluctance towards creating an MLS.

The initiative became controversial last summer when two groups of firms were working on separate efforts to create similar types of services. Throughout the effort, REBNY REBNY Real Estate Board of New York  has been serving as a facilitator with Spinola currently serving as a non-voting member of the board overseeing the initiative. Despite the rift, the two groups were successful in merging their efforts. On Oct. 31, the industry announced a united MLS effort and launched the web site nymls.com geared towards public use.

So far 87 firms are participating in the web site, which is a clearinghouse for residential sales and rentals in Manhattan, and another 50 firms are interested in joining.

A new, revamped site that will be named nyhomesearch.com will be launched soon, Spinola said.

"Every significant firm is on the web site," he said.

Spinola, who said REBNY would serve in whatever capacity the board requests, is optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 that the industry will be successful in creating some type of listing service.

"it may not a full-blown MLS. In fact, it probably won't be," he said.
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:multiple listing service
Author:KEITH, NATALIE
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 14, 2001
Words:434
Previous Article:Tishman finds partner for Chrysler Building.(Tishman Speyer Properties L.P.)(Brief Article)
Next Article:MANAGEMENT Who's News PERSONNEL.(EMCOR Group, Inc. has named Richard A. Aquino vice president)(Brief Article)
Topics:



Related Articles
Another healthy year for Long Island real estate.(1998)(Industry Overview)
Creating Multiple Listing Service: Pre-emptive strike or just first step?(Brief Article)(Statistical Data Included)
Binder predicts quick MLS resolution.(Brief Article)
MLS will happen by New Year.(multiple listing service)(Brief Article)
MLS is reportedly near death.(Brief Article)
MLS is down but not out.(Brief Article)
Attorney explains MLS.(realter multiple listing service is discussed)(Industry Overview)
Paragon software targets agents and brokers.(Technology Update)(Brief Article)
Maryland Management Systems becomes First American company.(TECHNOLOGY)
AREA MULTIPLE LISTING SERVICE IS 2ND-LARGEST SOUTHLAND REALTY PARTNERSHIP WILL HAVE 55,000 SUBSCRIBERS.(Business)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles