California Close to Having Statewide MLS

The California Association of REALTORS® is one step closer to merging most of the state’s Multiple Listing Services into one statewide CALMLS.

So far, 66 local REALTOR® associations and three regional MLS groups — representing 60 percent of the market in California — have signed nonbinding letters of intent to participate in CALMLS.The organization is negotiating with vendors to build the site. "None are conventional MLS vendors; we think what we can build is something based on technology used by sites like Trulia, Zillow, Google," says Mike Silvas, chair of the CALMS committee and co-owner of Morgan Lane Real Estate in Napa, Calif.

The new MLS, which will save practitioners from having to join multiple MLS services, should be available by early 2009.

Source: San Francisco Chronicle, Carolyn Said (08/14/08)

This article is from Realtor Magazine Online Edition Daily Real Estate News for August 18,2008