Large Realtor associations in the same state reaching MLS-sharing agreements has been a frequent occurrence of late.
In Southeast Florida, the Realtors Association of the Palm Beaches (RAPB) and the MIAMI Association of Realtors announced they will share MLS data with one another once again.
Their previous data sharing agreement ended in August 2015 after MIAMI merged with an association that competed with RAPB for members: the Jupiter-Tequesta-Hobe Sound Association of Realtors. RAPB had reportedly tried to derail the merger and later filed a lawsuit against MIAMI and JTHS that the associations countered. The parties notified the court they had reached a settlement in October 2015.
As a result of this new data-sharing agreement, RAPB members now have access to 45,333 Miami and Broward listings, with MIAMI members able to view 21,799 Palm Beach and St. Lucie County listings, according to data from MIAMI.
Multi-county listings available to agents
The renewing of a data share agreement is good news for a number of both associations’ members that have listings in both markets, according to the associations.
An estimated 1,000 MIAMI members have listings in both Miami-Dade and Palm Beach Counties, according to Christopher Zoller, 2017 chairman of the board of directors for MIAMI.
“The percentage of our MLS subscribers who have listings in both MLS systems continually change and there is some overlap which is why we structured an agreement with MIAMI,” said Dionna Hall, CEO of RAPB.
The larger impact of this agreement is now 70,000 realtors and associates from five Southeast Florida associations are sharing active listings, which currently total around 85,663.
Zoller points out its not just active listings that are being shared among associations.
“All of our data is extremely important, not just active listings,” he said. “We use information about sold, pending, expired, rented and cancelled listings when we consul our clients and customers about the market conditions.”
Editor’s note: This article has been updated with some background on the relationship between RAPB and MIAMI, including a recent lawsuit.
