Miami-based property listings search engine Global Listings announced this week that effective February 1, 2023, its newly acquired BETTER MLS proptech startup will soon be a new spinoff standalone business entity.
Scheduled to launch in mid-2023, BETTER MLS is currently building a new nationwide consumer-facing real estate listings search platform on BetterMLS.com. The website will exclusively be powered by licensed real estate agents' and brokers' verified listings (of all property categories and transaction types) across the United States.
"As a new stand-alone company, we (Global Listings) are excited about the future prospects of BETTER MLS as its own separate operating company in 2023," said Global Listings CEO, and founder of Gerrity Capital, Michael Gerrity.
As BETTER MLS prepares for its own new round of $80 million of private investor funding this spring Gerrity further commented, "Unlike other existing major U.S. listings search portals, once BETTER MLS is launched this summer, we look forward to creating enormous new shareholder value in the coming years for all our real estate agent and broker owner-partners, nationwide".