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Major MLSs Join Forces To Form Rosetta Stone Of Showing Services

Inman Connect Four months after Zillow’s acquisition of ShowingTime sparked an intense debate among real estate agents, three major multiple listing services (MLSs) have joined forces to create what they describe as a “Rosetta Stone” for showing technologies. The participating MLSs include Mid-Atlantic-based Bright MLS, California Regional MLS (CRMLS), and Midwest Real Estate Data (MRED) which collectively serve well over 200,000 real estate professionals. According to a statement, the MLSs are “strategizing to create standards to support choice in showings.” They also want to “define a set of guidelines to simplify the real-time exchange of information between showing services, MLSs, brokerages, and other data consumers,” the statement adds.

MRED adds payment feature to listing service

MRED adds payment feature to listing service   Posted4/21/2021 2:30 PM LISLE Midwest Real Estate Data said it is partnering with TrustFunds to provide its members the ability to easily request, send and receive electronic earnest money for real estate transactions. TrustFunds, which will debut with MRED early this summer, adds yet another way for subscribers in the mutual listing services to enhance their businesses.   MRED is one of the largest mutual listing services in the U.S., with more than 47,000 subscribers. TrustFunds serves more than 100,000 Realtors nationwide and its platform has facilitated more than $785 million in earnest money transactions to date, the companies said.

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