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MLS consolidation is reshaping ties with Realtor associations

Industry leaders say the shift often leaves Realtor associations as only one MLS shareholder after mergers, instead of the sole owner.

Reported · Written up by our desk · Industry

HousingWire reports that industry leaders are pointing to MLS consolidation as a key driver of changing relationships between MLSs and Realtor associations. They say some new operating models are emerging as governance and ownership structures evolve, including new joint ownership setups.

According to HousingWire, Canopy MLS advanced the trend by appointing Steve Byrd as its first standalone CEO, with him not involved with Canopy Realtors. The article notes that industry leaders view this as a more isolated example so far, but expect more separation to come as MLS mergers proceed.

HousingWire adds that, in those mergers, ownership can shift so the association may become just one shareholder rather than the sole owner of the MLS. The outlet also says leaders described momentum for consolidation across the MLS industry, with more organic separation expected as that process continues.

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