Connecticutt Realtors look to merge MLS system
There are currently 10 MLS systems in Connecticutt. That’s too many according to Jaerry Alaimo, broker owner of Century 21 Alaimo & Corrado in Enfield, CT. and president of the board of directors for the Connecticutt statewide MLS initiative.
Each of the current Multiple Listing Services serves the various geographic areas of Connecticutt with some overlapping boundaries. And, of course, each MLS employs staff and spends money on offices, equipment and utilities. There are implicit cost efficiencies that could be realized from a merger into one statewide MLS.
From the agent’s point of view, the plethora of MLSs pose a different problem. Each MLS has its own set of rules, fees, data standards, etc. that make life more complicated and expensive for a Realtor. A consolidation into one MLS would alleviate much of the problem.
To the consumer the benefits of large, state-wide or regional MLS are even more significant. Having a property advertised to Realtors and all of their buyers on an MLS throughout the state gives there homes added exposure and an accompanying possibly increased demand for their properties which could well provide a higher selling price.
See Also
- THE CMLS and the proposed Connecticut MLS
recommendations for establishing a statewide MLS - Connecticut real estate brokers push for statewide MLS
New England is hotbed for home listings data consolidation
