Is The MLS Worth It?
Some proponents of the MLS are urging a statewide or national MLS be created to better police the industry as a whole. As expected, there are mixed feelings about this idea. Ebersole says, “We’re kind of already there in some ways. MRED reaches into Wisconsin and Indiana, and if the rest of the state would join us it would bring down the cost.”
Ebersole says California and Washington, D.C. also have similar MLS services. Since current laws prohibit most agents from selling in other states unless they have a license in that state, there really isn’t a need for a statewide MLS for agents – but it could be helpful for buyers, since this is where Trulia, Zillow and realtor.com are strong. Anyone can look and see information about the homes.
The MLS is also more than just a listing site, Bergeron explains. “We also offer CMAs, prospecting, reporting, statistics, analyses, trending, down payment assistance programs and any number of deliverables that can be extracted from the MLS database,” he asserts. “The MLS is still the source of the most accurate and timely information because we are real time, and no one can compete with that.”
One of the top complaints about the MLS from agents is its cost, and many don’t like that it has increased significantly over the years. However, “it is probably the most important tool for real estate agents to be able to provide correct, accurate and up-to-date information,” Spaniak says. It seems her sentiment is echoed throughout the agent community. CA
Midwest Real Estate Data
Baird & Warner