Blog by Andrew Peck

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A new online real estate ecosystem of opportunity

A new online real estate ecosystem of opportunity

Do you want to have a look at one of my all-time favourite videos?

Innovative Project Video (scroll down) premiered at CREA’s Leadership Day on October 24, 2011. Since then I’ve watched this 4-minute animation countless times. Each time I’ve learned something new.

In the video, we learn about why it’s important for us to open up the MLS® and to take the MLS® platform and let others built on it, much the way Apple has done with its platform.

“Imagine the power for REALTORS®,” says the narrator. “This would create enormous opportunities and limitless possibilities.”

The narrator notes that “exclusivity of data is no longer a competitive edge.” Instead, opening up MLS® data will be a competitive advantage.

With data seamlessly and freely flowing from government, from the MLS® and from other sources, REALTORS® will be able to customize each property buyer’s, seller’s or lessor’s experience, adding enormous value. 

By leveraging MLS® data and making it work for us, we would be creating an ecosystem of innovation – a marketplace of limitless opportunities and possibilities.

Have a look at Innovative Project Video and let me know what you think at apeck@royalpacific.com.

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