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SUCCESS GUIDE:

2019

MULTIPLE LISTING SERVICE


SOFTWARE GUIDE
RE Technology Multiple Listing
Service Software Guide
Slightly more than 600 multiple listing services (MLSs)
operate in the United States and Canada that are the envy
of the global real estate industry. Cooperation and the offer
of compensation among participating brokers create the
foundation for these organizations. Over time, these principles
have transformed MLSs into the epicenter of technology for
real estate agents, creating nation-wide marketplaces.

Subsequently, many technology companies have developed


add-on software that enables MLSs to add helpful services to
the core MLS software.

In this guide to software, delivered primarily through the


MLSs, RE Technology highlights a variety of applications
that enable a richer and more effective platform for agents,
brokers, and the consumers that we serve. As our industry
changes, these technology tools integrate into multiple listing
platforms to drive innovation and end-to-end services.

Please enjoy this overview and let us know if there are


additional products that you believe we should feature in
future RE Technology Success Guides.
LATEST TRENDS IN MLS PRODUCTS
A number of significant trends are emerging to software to MLS data, providing an extraordinary
shape America’s MLSs today. benefit to all broker and agent subscribers to the
MLS.
• Real Estate Standards Organization
MLSs have also made great progress on adding
• Security for Authentication and Data
access security. Perhaps only a hundred or so
• Systems Integration for Single Sign-On MLSs remain that have yet to lock down password
sharing. MLS system developers have wisened to
• Smart Bi-Directional Data Integration best practices on security too. Systems protect
Between Applications. against hacking by taking added security
The Real Estate Standards Organization became measures. Application programming interfaces
a different organization a few years ago when (APIs) have security, and firms connecting to
the National Association of REALTORS® (NAR) MLS data require higher levels of authentication.
adopted an MLS policy that requires all NAR® Additionally, leading MLSs have begun to follow a
affiliated MLSs to adopt the standards or face technique called data seeding. This process drops
the revocation of their charter. Over the past little seeds of data into data feeds that allow the
few years, this encouragement by NAR® has MLS to “watch” where the data goes. Soon you will
catapulted MLSs into high gear to adopt the RESO see the news stories of data pirates being charged
data dictionary to normalize data fields, and the with theft. Exciting!
WebAPI to replace RETS as a more contemporary A key barrier to adopting MLS services and
transportation method. All of this effort goes a software extensions was username and password
long way to reducing the costs of connecting
management. Frankly, remembering the MLS to re-key the data. This not only saves real
password is hard enough – now imagine estate professionals valuable time but improves
remembering a dozen or more passwords to accuracy and reduces the likelihood of an error
access the many software extensions to an that could compromise a transaction.
MLS. That has been solved through MLS Single
These are exciting days for our nation’s MLSs.
Sign-On. When a user signs into the MLS, they
More than ever before, they can assemble a
are automatically signed onto other software
group of software products that work together
applications without the need to log in to each
to design an effortless system of productivity. We
one of them – ergo the term – single sign on.
will illustrate this trend through the narrative of
We are delighted to see more than listing data applications covered in this guide.
being shared across software in the MLS today.
RE Technology dedicates a private section of
In this new era of connecting software and data
digital publication specifically to MLS related
using APIs, the MLS system can now securely send
software. Because these solutions are not sold to
and receive customer records, saved searches,
agents or brokers, only our MLS subscribers have
saved favorites, and many other consumer-centric
access to this section of the site.
data that an agent needs to manage. Agents can
send these records easily, without being required

Click here to browse the rest of RE Technology and get a free trial subscription.
WHAT TO LOOK FOR IN BUYING
MLS PRODUCTS
Always start with the price. see if the company is a member of the Real Estate
Standards Organization and if they are certified.
If products being offered to the MLS are not
priced in line with expectations, looking at the Find out how long the new vendor will run in
software is a waste of time unless you have parallel before the billing starts. Nothing can hurt
already gotten your board to agree to a price a new product launch more than a cut over that
increase. If a price increase is out of the question, happens before it should.
there is no need to look at more expensive
products than you can afford. Take a very close look at the contract terms
and conditions, especially the data licensing
Negotiate with your existing vendor first. We agreement. These are critical business terms to
know that the cost of switching technology your contract that are sometimes looked over.
vendors is very expensive. It requires more Also, be certain to negotiate your exit. You need
training, support, and communication activities to enter a contract through the lens of failure. You
and those require capital and labor. Unless your may also want to negotiate growth and shrinkage
subscribers hate your current product, or the into your agreement by securing the pricing
company is not supporting you correctly – stick levels in advance.
with what you have or budget correctly to deliver
a new and better service. Reporting is one of the most overlooked areas of
buying MLS products. Insist on reports that show
Check their references. It is pretty commonplace the number of daily users, weekly users, monthly
for technology companies to have a handful of users. You should be able to pull reports on those
favorite customers. You want to check references users to check on their satisfaction with the
carefully by looking at similar sizes of MLSs who product. You may also want to enlist the support
offer the product. You also want to talk to some of the vendor at driving adoption. Alternatively,
new customers about the onboarding process rather than negotiating a site license, only
and some old customers about the company’s purchase licenses for the average number of
dedication to improving the product on a regular monthly unique users.
basis. By the way, it is also a good idea to check to
HOW TO GROW YOUR MLS

T oday’s era of MLS consolidation mandates


responsiveness in the delivery of services
to the brokers and agents that you serve. The
brokers and agents with a la carte pricing for
specialty software. The value of the MLS in both of
these premium subscription models includes data
complaints that lead to MLS consolidation integration, support, training, and much lower
are pretty consistent. Understanding these prices.
complaints and learning how to respond to them
will position your MLS for high levels of customer Lastly, it is important for MLSs to be extremely
satisfaction and a platform for expansion. skilled in data management. MLSs who have
technical staff that can manage data are in a
The biggest complaint among brokers and agents much better position than MLSs who need to rely
is customer support and training. Whenever on a vendor. A growing MLS needs to be able to
brokers and agents feel like the MLS is out to manage the details of system migrations and data
get them, there is a problem. If your customer shares. Having this skill assures that a growing
calls and you can’t take care of their problem, MLS does not drop the ball on onboarding new
the problem is you. These are pretty strong customers.
statements, but you must understand that your
customers are your biggest fans when you are
doing a great job. Customers belonging to more
than one MLS will be very outspoken about
which MLS is better. Be sure to meet with your
large brokers, top producing agents, and survey
everyone to learn what you can do better. They
will give you the answers.

MLSs can become more attractive with the array


of products they offer for the fees they charge is a
classic economic model of return on investment.
An MLS delivering great service on top of highly
satisfying technology at a reasonable price likely
will grow. Price is a pain point for many agents
and brokers when the services offered beyond
the core MLS system are not appropriately valued.
Research the offerings of nearby MLSs to make
sure that you are competitive.

Building a great core technology stack for basic


MLS services is table stakes today, but many MLSs
have developed a premium service. In some
cases, MLSs offer an array of technology for a very
low bundle price. In other cases, MLS support
FORM SIMPLICITY
Transactions made simple

Contact Information
Jessica Smith
Orlando, FL
(888) 784-5404
info@formsimplicity.com

www.formsimplicity.com

PRODUCT OVERVIEW: Created bank-grade level security for cloud


for REALTORS® by REALTORS®, storage of all documents and logs.
Form Simplicity is one of the real
Broker tools allow brokers to
estate industry’s most popular and
manage, review, approve, track
KEY PRODUCT BENEFITS advanced paperless transaction
and store every agent’s transaction
• Smart Forms solutions.
activity from beginning to end. It
• Paperless Transaction KEY BENEFITS: Form Simplicity helps brokers reduce their risk
Management gives real estate professionals the through a customizable, automated,
• Broker tools, including tools to create, manage, share paperless review process, which
review for compliance and store transactions. Whether safeguards brokerage transactions
• Cloud storage on computers or mobile devices, to remain compliant.
• Digital Signatures users are equipped for on-the-go,
TESTIMONIAL:
• Tech Helpline support paperless transactions.

• Responsive web design for “I just tried out the NEW Form
Owned and operated by Florida
access on mobile devices Simplicity, and I have to say it is
Realtors®, Form Simplicity saves
AMAZING. Love how convenient
agents’ time with auto-populating
the new layout is. EXTREMELY
smart forms that eliminate re-
professional. I’ll be sticking with
typing or duplicate data entry;
you guys for a long time.”
allows agents to share and
negotiate transactions with built-in - Matthew Lemon
collaboration tools; provides secure
digital signatures; and provides
HOMESNAP
The Real Estate Industry’s Technology Partner

Contact Information
Eugene Gligor
Director of Business
Development 
egligor@homesnap.com 
www.homesnap.com 

PRODUCT OVERVIEW: Broker Homesnap consumer platform built KEY PRODUCT BENEFITS
Public Portal (BPP) with Homesnap specifically for real estate agents to • Industry-friendly home
is a collaborative venture between access their MLS data and work from search alternative that
real estate brokerages and MLSs to their mobile phones. Homesnap provides interested leads, for
create a national consumer home Pro uses real-time MLS data to give free, to the listing agent or
broker and delivers accurate,
search experience that connects agents the flexibility to research
real-time MLS information to
home searchers directly with the homes, contact agents, and com-
home searchers.
agent who best knows the home municate instantly with clients and
• BPP with Homesnap is the
they are interested in. Homesnap colleagues from any modern device. 
industry’s agent-centric,
is the public-facing brand of the industry-first, pro-consumer
BUILD YOUR BUSINESS: Make
BPP, the only national home search solution to secure listing
Homesnap your own with free
platform powered by real-time MLS exposure and leads for
branding throughout the platform.
data and following Fair Display agents.
Guidelines.  Build your brand with Homesnap
Pro Ads by reaching buyers and
FEATURES OVERVIEW: Public-fac-
sellers on some of the most popular
ing search portal that sends leads
digital networks.
and inquiries to the listing agent.
Boost your online presence with
Top-rated mobile productivity tool
Homesnap Pro+, which curates and
for agents.
optimizes all aspects of your busi-
HOMESNAP PRO: Homesnap Pro ness profile on Google.
is the industry-facing version of the
MLS TAX SUITE
Comprehensive and Accurate Property Data at Your Fingertips

Contact Information
Rob Williamson
864.431.8289
rwilliamson@crsdata.com

Nicole Morgan
336-065-9597
nmorgan@crsdata.com

www.crsdata.com/real-es-
PRODUCT OVERVIEW: Since 1989, sales and mortgage histories,
tate-mls/mls/
CRS Data has provided innovative neighborhood comparables, area
data services that puts the power of demographics, mapping details, and
clear and accurate property informa- much more.
KEY PRODUCT BENEFITS tion in the hands of leading profes-
sionals.
• Seamless Integration with
TESTIMONIAL:
Your MLS System FEATURES: Our innovative prod-
• Mobile-Optimization with ucts and services are backed with “We continue to choose CRS
Intuitive Navigation reliable technology and refreshingly Data hands down. The quality of
• Accurate and Current human customer support. MLS their service, data and product
Property Data Tax Suite seamlessly integrates is superior. We know and trust that
• New, Consistently Evolving with your existing MLS and is their team will take care of us and
Product Enhancements mobile-optimized so that you have be an integral part of growing
• Customization Options access to the newest information our revenue.”
and property data anywhere, any-
ūū John Ryan
time. The intuitive platform is easy
Georgia MLS
to navigate and offers flexible and
customizable features for an added
touch of personalized reports and
presentation of data.

With MLS Tax Suite you’ll have


access to all public tax records,
RPR
RPR® provides data, tools and reports to help NAR
members wow clients and close more deals.

Contact Information
RPR Customer Support
Chicago, IL
877-977-7576

info@narrpr.com

PRODUCT OVERVIEW: RPR offers your subscribers directly from a KEY PRODUCT BENEFITS
specific tools that allow MLSs to gain property within your MLS to the • The RPR Dashboard provides
increased branding opportunities, same property on RPR. Combined a portal into the metrics,
powerful integration options, and with SSO, Deep Linking offers the statistics, and reports MLSs
require. User metrics, data
spot-on market and economic ultimate integration with RPR.
updates, content and
reports. training are provided, as well
Enjoy The View: RPR View™ allows
as reports to complement
FEATURES: Your MLS–Your Brand:Re- partner MLSs to make listings view-
housing statistics.
place the RPR logo with your MLS able by REALTORS® in other markets.
logo so subscribers will see your This integration feature is perfect for
brand each time they login to RPR. markets with overlapping coverage
areas and provides a premium
Simple Single Sign-On: Create
service at no additional cost.
ease for your members with RPR’s
single sign-on integration. Users
won’t have to remember a separate
password or URL, as they can simply-
access RPR via the site they use
everyday–their MLS.

Deep Links: Deep links allow your


MLS subscribers to move back and
forth between RPR and your MLS
platform seamlessly. One click takes
SENTRILOCK BLUETOOTH®
REALTOR® LOCKBOX
As the leading provider of access management solutions,
we create world-class customer experiences and
deliver the most innovative technology.

Contact Information
SentriLock, LLC
West Chester, OH
inq@sentrilock.com
513-618-5800

www.sentrilock.com

KEY PRODUCT BENEFITS PRODUCT OVERVIEW: More than Integrations, Missing Key Alerts,
• The SentriLock system just a lockbox, the easy-to-use Lockbox activity reporting,
provides secure and reliable SentriLock system features Instant beginning and end of showing
access in order to facilitate
Showing notifications, robust notifications, and homeowner
the listing and showing of
reporting, world-class customer notifications.
homes.
service, Agent Safety Feature and
• Our knowledgeable team • Longest support hours (8 a.m. -
Property Data Integrations.
delivers excellent support, Midnight ET, 7 days a week) and a
saving time and money. FEATURES: Our Bluetooth® dedicated customer relationship
• Exclusive features enhance REALTOR® lockbox features: manager.
safety while also equipping
customers with data to • A jam-free front opening key TESTIMONIAL:
better serve their clients. compartment, an illuminated key
“We started looking at our current
• Our focus on innovative pad, fully removeable shackle contract that was up for renewal and
technology and a durable and long-lasting user replaceable evaluating the options, and as soon as
product generates lasting batteries. we saw the SentriLock lockbox, the app
value. and the benefits that it would provide
• SentriKeyTM Real Estate mobile app, to our agents, it was just a no-brainer.
The SentriConnect® Mobile app and Implementing the SentriLock system
One Day Codes. was very easy, you know, it was just a
seamless experience and everything was
• Touch ID and Facial Recognition taken care of. Working with SentriLock
authorization. has changed the way we do business.”

• Agent Safety, Property Data - Mike Cotrill, CEO,


Greater Tulsa Association of REALTORS®
TRESTLE
Ultimate Listing Data Management and
Property Information Tool

Contact Information
lwendt@corelogic.com
513-583-5435

www.corelogic.com/realestate

PRODUCT OVERVIEW: Get Real- Flexible Data Transport KEY PRODUCT BENEFITS
Time, Fine-Grained Control of Your • Platinum RESO certified
• RESO Platinum data listing distribution
Listing Content Distribution via
RETS and the new RESO Web API • Dictionary feed • Unified, single listing stream
standard. You can use templates for 3rd parties
to quickly set up data feeds for a • RESO Platinum certified • RETS and web-API enabled
variety of common purposes—such • Web API Native RETS • Listings protected by Trestle
as IDX, VOW, syndication, and more. Defender™
Trestle then tracks and reports all • Web-API delivery
• Fully automated MLS/3rd-
RETS and API usage so you can party workflow
closely monitor your data users. • -118 MLS, 700+ tech
Rock Solid Security vendors, 350+ data feeds
FEATURES:
enabled
• Simple rules engine
Automated Workflow
• Dashboard monitoring
Electronic agreements
• Trestle Defender™ for enhanced
Online approvals
security
Data license fee collection

E-commerce admin
ABOUT RETECHNOLOGY

RE Technology’s goal is to help every real estate


professional learn how to leverage technology more
effectively so they can be more successful. Consumers
expect seamless usage of technology in real estate
transactions. They demand real-time responsiveness,
online access to rich real estate information, market
insights, and total transparency to their transactions.

RE Technology is designed to make it easy for you to


find the technologies you need to become the most
well-informed, responsive, and successful professional
you can be.

You will receive technology tips and tricks written


in plain English, not ‘Geek Speak’ through our daily
newsletters. Attend FREE webinars daily and read
success stories from fellow real estate professionals.

BE THE BEST YOU CAN BE!


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