The CEPI Secretariat is thrilled to
announce its international conference on MLS systems in Europe, in
collaboration with the International Real Estate Standards Organization (RESO)
and our trusted digital partner, Realtyna.
The International
MLS Forum is
set to host esteemed leaders from real estate associations and experts in
real estate technology across the European Union, Middle East, Asia, and North
America. This exclusive event promises to bring together influential figures
and decision-makers within the industry.
International
Conference on MLS Systems 2023
The International MLS forum is a significant event
focusing on the global real estate
ecosystem. It will delve into the importance of international collaboration
for multiple listing services (MLSs) worldwide. The event emphasizes the value
of open standards in the real estate sector and uses historical lessons to
inform MLSs' future developments.
The event was hosted in the city of Paris, France,
offering a prestigious and conducive setting for industry leaders to convene
and exchange valuable insights. The International MLS Forum spans two days,
providing ample time for in-depth discussions, networking opportunities, and
the exploration of key industry topics.
Global Momentum: Bridging Borders in Real Estate,
Inaugural International MLS Forum in Paris 2023
The primary objective of this meeting is to address the
imperative need for global cooperation in the real estate industry. The event,
which attracts people from many regions, aims to promote mutual understanding
and collaboration. The focus on open standards underscores the role they play
in driving innovation and efficiency within the industry. Furthermore, by
analyzing historical lessons, the conference will mold MLSs into
forward-thinking organizations, ensuring a robust and thriving future for the
global real estate ecosystem.
Global real estate leaders are pushing to bring the U.S. model of standardization and
collaboration to more real estate markets around the world. In the last decade,
data standards and technology have transformed the way real estate is bought
and sold in the U.S. Now industry leaders from various countries want to adopt
key aspects of this model to enhance the transparency and efficiency of their real
estate sectors. The effort demonstrates the high regard U.S. real estate enjoys
as it continues to adapt to a changing business and legal environment.
As an initial step, real estate leaders gathered in Paris
for the inaugural meetings of the International MLS Forum. The conference brought
real estate decision-makers from around the world to foster collaboration and
promote solutions for a more efficient global real estate ecosystem.
Organized by the Real Estate Standards Organization (RESO) and the European Association of
Real Estate Professions (CEPI), the
meetings took place on December 1 and 2,
2023 at the Pullman Conference Center in Montparnasse, Paris.
“Real
estate is changing forever,”
Said Ali Attar,
CEO of Realtyna, a conference
partner. “We have an opportunity to empower real estate associations around the
world with the technology and standards they need to unlock investment and
growth.”
A
World Without the MLS?
We cannot image a world without an efficiently
developed MLS system. In countries where there is no centralized MLS system and
limited transparency in real estate transactions, buyers and sellers face
unique challenges.
·
Listings are often dispersed across various
platforms and agencies, requiring buyers to invest significant effort in locating
accurate and timely for-sale listings.
·
It
can also be difficult for buyers and
sellers to find reliable information
about recent sales and the company is necessary to understand the state of the
market and make informed pricing and offer decisions.
·
Real
estate clients typically rely more heavily on informal networks and insider knowledge which bring added complexity to transactions.
“Without the MLS, it’s
a mess,” said
Attar. “Most property for sale is not easily discovered by consumers, investors
have their closed markets, and ‘pocket
listings’ are the rule and not the exception.”
International MLS forum wants to change that by
being the place where stakeholders around the world can share ideas, build
synergy, and drive real estate innovation around open standards.
The
Future of the MLS
The International MLS Forum is significant because it
comes at a time when many in the business are anticipating the MLS's future.
The MLS, which began as informal gatherings between brokers to share listings,
is now a key component of the plumbing that allows the real estate business to
operate more transparently and efficiently.
As real estate in North America continues to evolve,
adapt, and innovate, global leaders want to learn from the model and adopt more
of it abroad with the International MLS Forum providing the first-ever venue
for worldwide collaboration on real estate data and standards.
As the legal landscape changes, there's a curiosity
about what the next generation of the MLS
will look like.
The International MLS Forum is one of the first venues
to help shape this future. With representation from around the world, real
estate leaders will evaluate the strengths of the MLS, draw lessons from its
past, and chart a future with a forward-looking approach.
While the MLS is vital to a real estate agent’s
toolkit, it isn’t the only real estate listing platform available. Whether you
are a licensed real estate professional or not, it’s wise to use the reach of
each available platform to your advantage, which will often mean using them in
combination for maximum reach.
Key takeaways:
The
main takeaways from this forum can be concluded in the following points:
·
Seeking
for collaboration between governments, institutions, and MLSs to gain real-time
insights into the housing market and promote transparency and consumer
protection.
·
Discussing
the rules and regulatory frameworks that shape robust real estate data
ecosystems.
·
Exploring
the latest products and trends driving agent and broker businesses to new
heights and delivering exceptional results for clients.
·
Discussions
of data standardization and accelerating innovation in real estate for the
benefit of agents and clients.
In conclusion, the event involved discussion about the future of multiple listing services (MLS), discussions on global real estate trends, the importance of international collaboration, advancements in real estate technology, and strategies to enhance transparency and efficiency in the industry. There was also discussion on the adoption of open standards, the role of technology in real estate transactions, and the exchange of ideas among real estate leaders from different regions.
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