Note: MRED has informed us that the Private Listing Network will not go live until April, and as a result, some of the characteristics we report below are subject to change; however, come April, we will report on the official launch of the PLN, and its features.
Midwest Real Estate Data is creating a private, pre-listing network within the connectMLS system, according to an announcement from the MLS that the Chicago Association of Realtors distributed.
The network, which is mobile-driven and designed for all mobile devices, allows agents to share “mini-drafts” of their listing information with other brokers before posting them in any public space.
“Listings will be viewed exclusively by participants of MRED’s MLS system and will not be included in IDX,” the MLS’ announcement read. “There will be no minimum or maximum period of time listings can be included in this system. They can be in for whatever amount of time chosen within the written listing agreement.”
The mini-drafts will require the following information:
- Property Type
- Showings Y/N
- Listing Expiration Date
- Listing Office/Agent
Meanwhile, although the following information can be included, it will not be required:
- New Construction
- Agent Remarks
- Anticipated Activation Date
- Showing Instructions
- Price Range or Price
- MLS Area Number
The announcement also clarified that MRED is implementing a policy requiring a listing to be in either the regular MLS database or the new private network, should it appear on any public-facing sites.