Search
 

UPDATE: NAR Accepts Chapter Bid, Four MLS in the Works

NEW YORK CITY-Over the weekend NAR accepted a bid for a local chapter, which may spur a future MLS. REBNY, the three largest residential firms here and the Downtown Brokers Association are also starting listing initiatives.

By Anthony Garritano | Updated on May 20, 2001

NEW YORK CITY-For those who thought the MLS was dead, think again. At one point, the big news was that the local MLS effort was axed because of a lack on consensus in the industry, but now it seems like Manhattan may get up to four different MLS-like services. One of these may result from the Saturday, May 19 vote of NAR to give the Manhattan Association of Realtors the green light to form a Manhattan chapter.

An MLS is on the list of objectives of those seeking to form a Manhattan NAR chapter, as covered on GlobeSt.com (http://www.globest.com/RMI4ANZAIKC.html). Potential Manhattan NAR members have expressed an interest in the service currently employed by NAR, Realtor.com as well.

“I would like to see a real MLS in Manhattan,” says Cornelia A. Netter, president of Netter Real Estate and vice president of the Manhattan Association of Realtors. “Also, I’d like to see our listings on REALTOR.com now that we’ve started our chapter of NAR, and I get the sense, from talking to other members, that everyone wants an MLS among our member firms, but the board has to vote on it when we have our first meeting.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.