The Controversial MLS Takeover Sparking a Data Ownership Showdown | The Real Word 337
Byron Lazine and Nicole White discuss the recently finalized acquisition of REcolorado MLS and the questions it raises about data ownership, along with Notorious ROB's take on the Participation Agreementโplus newly IDโd opt-ins contributing $30M to the NAR settlement fund.
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Connect with Byron Lazine:
https://www.instagram.com/byronlazine
Connect with Nicole White:
https://www.instagram.com/nicolewhite.ct/
This episode's sources:
https://nowbam.com/recolorados-acquisition-raises-questions-about-data-ownership/
https://www.realestatenews.com/2024/09/30/newly-idd-opt-ins-will-add-usd30-million-to-nar-settlement-fund
https://notoriousrob.substack.com/p/whose-data-is-it-recolorado-decides
Timestamps:
00:00-01:16 Intro
01:16 TOPIC 1: REcoloradoโs acquisition raises questions about data ownership
03:23 Without MLS control, what are you? What value are you bringing?
05:19 Notorious ROB article (and mention of PDF for participation agreement)
07:39 Paragraph 3: Data License (โHereโs what theyโre sayingโฆโ)
11:57 Rob Hahn calls this โtheft of intellectual property.โ
13:48 โHereโs why this is importantโฆโ
16:14 โI think itโs a brilliant move by [Burks]... This is Bobby Axelrod-level stuff!โ
17:29 Disclosures needed for sellers
20:11 TOPIC 2: Newly IDโd opt ins adding $30M to NAR settlement fund
20:53 15 non-Realtor MLSs and 13 brokeragesโincluding The Agencyโopted in.
23:15 The new total is up more than $980 million
23:45 BAM Maniaโin two weeks!
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#mls #dataownership #narsettlement
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