Print this page

Why the Remine Collaboration is Good for the Industry

Written by Posted On Monday, 18 October 2021 12:25
Why the Remine Collaboration is Good for the Industry

As many of you heard, MLS Technology Holdings, Inc., a consortium of some of the largest MLSs in the country, invested in Remine, essentially agreeing to oversee their technology development and operations.

I find this to be a very smart, tactical move to make sure future development originates from an MLS and broker/agent lens.

From my point-of-view, this could help MLSs and their brokers to maintain and control more of their data and privacy, something that has been eroding over the last ten years.

And with the large amount of real estate technology investment and acquisitions, having a group of MLSs keeping their members’ interest in the forefront can make a big difference.

The industry has been buzzing about recent acquisitions, from DotLoop and ShowingTime being bought by Zillow, and Cloud CMA being acquired by Lone Wolf Technologies, to name a few.

The reality is that Zillow changed the market years ago, and Costar is posturing to make a much bigger play in the residential real estate. Things are indeed rapidly changing.

And that’s why this collaboration just feels different. It’s a way for MLSs to take back some of the control over technology development for their members, and do it in a way that’s far less self-serving. Ideally, no one knows the needs of their brokers and agents like an MLS or Association does.

According to the announcement, the MLS Consortium (MLS Technology Holdings, Inc.) is there to oversee the Remine organization, not run it. This allows the MLS partners to more keenly direct the work of Remine, without interfering with their day-to-day operations.

I like the move – it takes guts to go head-to-head with some of the larger players in the market, but they have the market knowledge and courage to compete in the market, while also being collaborative with other technology vendors.

Time will tell, but from my point-of-view, this is a step in the right direction.

Rate this item
(7 votes)
John Giaimo Realty Times Publisher

John Giaimo, CEO of Realty Times, was another pivotal visionary, founding HomeSeekers in the early 1990s. He brought real estate listings into the digital age by expanding and providing consumer access to property information online and later developing additional platforms, such as Realty Times. Giaimo’s work helped popularize online property searches nationwide, empowering broker and agent websites with listings called City Net, now known as an IDX feed, fueling the culture shift that empowered consumers to take a more active role in the process. John transitioned to Realty Times in 2001 and acquired the company in 2017.

www.RealtyTimes.com

Latest from John Giaimo Realty Times Publisher

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries