Real Estate Weekly
Image default
Residential Retail Technology

Listing service merger to create regional MLS

The Hudson Gateway Multiple Listing Service (HGMLS) and the Multiple Listing Service of Long Island, Inc. (MLSLI) have merged to form the New York MLS, LLC.

The new MLS will consist of approximately 40,000 real estate professionals, serving Nassau, Suffolk, Queens, Brooklyn, Manhattan, Bronx, and Westchester, Putnam, Rockland, Sullivan and Orange Counties.

Discussions began in June 2017 between leaders of the Long Island Board of Realtors (LIBOR) and the Hudson Gateway Association of Realtors (HGAR) on the possibility of consolidating their MLS’ to form one regional service. Joseph Mottola, CEO of LIBOR/MLSLI said, “The expansion of geographic boundaries will create greater opportunities for members by providing access to a larger audience of real estate professionals for consumers alike.”

A benefit of the new MLS will be the flow of data for brokers and agents within the New York Metro area.
Richard Haggerty, CEO of HGAR and president and chief strategic growth officer of the new MLS, said, “The launch of the new MLS is an exciting move in the right direction to uniting area real estate professionals, by creating the only MLS members will need.”

Jim Speer, the Sr. Vice President of Operations for MLSLI for over 30 years, will serve as Chief Executive Officer for the new MLS.

The yet-to-be-named new regional MLS is expected to be fully operational sometime in 2019.

(Visited 1 times, 1 visits today)

Related posts

Housing boss kicks off Proptech NYC

REW

Cuomo takes aim at deed fraud in Brooklyn

REW

New Development: UWS conversion is move-in ready, Leasing launched at LIC rental

REW