Removing local boundaries key to MLS future

NEW ORLEANS -- A shared, "intergalactic" real estate information database, with extensive records for every property on the planet, may serve multiple listing services of the future, according to a paper prepared by a National Association of Realtors advisory group.

"MLS has been in turmoil for some time now," said Ted Loring, a liaison to the "MLS Future Presidential Advisory Group," formed earlier this year to rethink the form and function of the MLS system.

The group, composed of brokerage-company rep more...

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