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News Summary for September 6

Inman News (subscription required) published a letter from Tom Stevens describing how MLS is good for competition. “What makes MLSs special is not just that they introduce extraordinary efficiencies into the real estate transaction, or that they level the playing field so that the newest, smallest, greenest broker has just as much ability to profit from the system as the biggest guy in town. Even the fact that they are probably the safest databases on the Internet -- thanks to the standards of quality and care exhibited by the organizations that own and run them -- is not the single most distinguishing feature of MLSs. What makes MLSs unique in the business world is that they exist first to facilitate cooperation between brokers, and that includes interbroker compensation,” stated Stevens.

In other news, a Realty Times story discussed whether the cooling real estate market would result in more properties "For Sale By Owner."

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News coverage shapes perceptions of people, organizations and entire industries.
Yet few of us understand what goes into the making of a news story. “NAR in the News” will give its readers a peek behind the scenes into how journalists cover the nation’s largest trade association and the 1.2 million REALTORS® it represents.

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