Construction Begins on BETTER MLS: A Next-Generation National MLS for Agents and Brokers
(Miami, Florida) - World Property Ventures, a global real estate technology development and investment firm, is thrilled to announce the commencement of its latest venture, BETTER MLS. This new next-generation national AI-powered MLS search platform is specifically being designed for Agents and Brokers, including direct stock ownership opportunities in the platform itself (as shareholders) in advance of BETTER MLS going public (IPO) in the coming years.
BETTER MLS is set to revolutionize the real estate industry by integrating advanced AI technologies, Large Language Models, Transformers and Big Data to create a new multi-property category capable national MLS system that will solely feature listings from licensed real estate agents and brokers across the United States. This new and publicly accessible online MLS search platform will encompass Residential, Commercial, Vacation, and Land listings actively For Sale, Rent, Auction, or Exchange -- nationwide.
A key standout feature of BETTER MLS is its consumer-facing website, BetterMLS.com, which promises to enhance the consumer property search experience. Through this platform, consumers can effortlessly search the online MLS database for properties directly, and connect with the authorized listing agent of each listing themselves, ensuring a seamless and transparent process.
Michael Gerrity, founder of World Property Ventures, expressed his enthusiasm about the project, especially in the current climate of both multiple legal and 'A.I. job replacement' challenges within the U.S. brokerage industry. "NAR's recent $418 million settlement has forever altered the landscape of how buyer agent commissions are paid and underscores the pressing need for a new national listings search platform that places control back in Realtors hands", Gerrity remarked.
Gerrity says there is strong widespread support for BETTER MLS among real estate professionals and local associations nationwide. "After engaging with thousands of agents and brokers over the last few years, it's clear there is a strong demand for a new platform that serves their interests first. An overwhelming majority of Realtors have voiced their support for a new AI-powered national listings search platform they own and control -- and BETTER MLS is our answer to their calls."
BETTER MLS plans to form a national Broker, Agent, and Association advisory board to help create the rules of use of the platform. Ultimately, BETTER MLS will be independently run, owned and governed by its future agent, broker and local association shareholders -- not by billionaire VCs, big tech or big media.
"With the development of BETTER MLS now underway, World Property Ventures is setting the stage in the coming year for a transformative shift in how real estate listings are managed and accessed across the country, promising a brighter future for Realtors nationwide - despite uncertain times today", concluded Gerrity.
