10/13/2025
"Portals get a lot of headlines but serve as the source of a whole lot less business than they would have you believe. And with the significant growth in their market power since 2013, we all are seeing what we might even call abuses on their part. First, if your MLS is contemplating working some kind of deal with one of these outside portals, please pause and consider how your brokers would feel about that. We’ve already skewed and harmed our industry with how some of these portals work. Think long term about the good of the industry, the good of brokers, the good of agents and ultimately the good of consumers.
Along those lines, think about if MLSs and brokers came together to build an additional option in the marketplace -- for the good of consumers and brokers and agents. Let’s call it the Broker Public Portal – or even cribio. Do you think your brokers would want you to support that project? Do you think your brokers invested time and money to build it, only for your MLS to find an excuse not to participate? Remember, brokers did not support public-facing websites being authorized as a “core” MLS service, but since that accidentally slipped through into NAR MLS policy, if the MLS hosts a public-facing listing advertising site, brokers expect that the BPP will power it.
Follow the trajectory of our industry if this alternative is not introduced as an additional option -- brokers do not like where that leads. You as MLS leaders have the opportunity to bring more competition to the portal space that only will improve the choices for consumers and agents and brokers. Please let us as an industry once again shoot ourselves in the foot by not seizing this opportunity. It is likely your participants before long would tell you the monthly cost is some of the best money they spend." -- Craig Cheatham