The 6 tech trends that defined real estate in 2021
“Many of the nation’s multiple listing services are now rebounding with attempts to develop and deliver technology for their members instead of seeking the best possible options in the open market.
Inman News
Beyond it not being their core competency, building software isn’t easy, cheap or a one-time thing.
There’s simply no way for MLSs to create a system, continually support it and offer training and help to thousands of members (in some cases, tens of thousands) without significantly raising fees, which it will need to do in order to hire more experienced technology professionals, including expensive engineers and developers.”
This matches what I hear from a lot of vendors: Remember when all the big franchisors and real estate brokers announced they were “technology companies”, not real estate companies. How’s that working out?
He goes on to cite the vetting process most MLS providers follow.
“How can this not further complicate how due diligence on other products is handled, especially when they provide comparable services? Thus, does it best serve members, or the politics and public image of their organization?
Inman
It’s also hypocritical, specifically in any case where an MLS has refused to partner with a vendor for fear of that vendor being acquired.”
He said it, not me. 😇