As Inman news reported this morning, Memphis area real estate broker Larry Mayall (after a long legal battle with MAAR) has opened his own MLS and Association, the Mid South Real Estate Board and MidSouthMLS. This new association is independant of NAR. This raises some interesting questions about the future of MLS’s in these tough times.
Is consolidation of these associations the answer? Is simply supplanting them with Independent Boards the answer? It remains unclear. There are many issues to look at with this apparent first real shot at a group of real estate professionals getting out from under the auspices of NAR.
Will it succeed? Will it fail? Is there still value in NAR? We invite your input.