The Agency-Centered MLS: A Framework for Survival
The rapid consumer adoption of AI represents an existential threat to the MLS as it exists today. Most have little idea of the threat that it poses given the structure of the MLS today. I have researched further and believe that there is a framework and a strategy for survival:
1. Make agency, as in fiduciary relationship with the customer, the foundational definition of the MLS .
2. Using that as the basis, distinguish future rules and policies from those of Realcomp. You have to get around the precedent in that case.
3. MLS must begin enforcing the difference between agency vs. non-agency agreements.
4. MLS must require that its members refrain from non-agency activities, specifically marketing FSBO properties because there is no agency involved in such an activity.
This is intended only for MLS operators, for the whole executive team + board members. Plus, any state real estate commissioners and regulators.
I will be approving those eligible to attend. Attendance is limited.