MLS outfits in California, Mid-Atlantic join forces

Data sharing at heart of agreement that will affect 200,000 users

Los Angeles /
Feb.February 14, 2022 10:30 AM
Bright MLS’s Brian Donnellan and CRMLS’s Art Carter (Bright MLS, LinkedIn)

Two of the largest multiple listing services in the country have formed a partnership.

California Regional MLS, the largest subscriber-based MLS in the US, is joining forces with Bright MLS, which covers the states of Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia and the District of Columbia, according to a recent announcement.

The partnership will cover the services’ combined subscriber base of 200,000 users.

The deal centers on a data sharing arrangement that is meant to accelerate product launches. The two services also plan to launch a new website as part of the collaboration.

“We’re excited for this collaboration because it means we can give… agents and brokers improved tools much more quickly,” said Art Carter, the CEO of CRMLS.

In December, CRMLS launched its own venture fund. The investment vehicle, which the service described as “a hedge against changing market forces in its industry,” will target firms that “align with CRMLS’s vision for the future.”

CRMLS’ first investment was in Perchwell, a data and workflow platform that targets the residential real estate industry. The service was among the investors in the start-up’s $15 million Series A, along with Founders Fund, Lux Capital and Matterport.

CRMLS and Bright have been expanding their coverage areas for the past few years. CRMLS began in Southern California then expanded throughout the entire state. Bright MLS, meanwhile, is made up of nine separate MLS entities in the mid-Atlantic region.

Recent deals in the MLS space include real estate start-up Remine, which was acquired by a joint venture led by the Austin Board of Realtors’ ACTRIS MLS.


Related Articles

arrow_forward_ios
San Bernardino Mayor John Valdivia with Carousel Mall (City of San Bernardino, Google Maps)
Mayor wants stake in heart of San Bernardino zombie mall
Mayor wants stake in heart of San Bernardino zombie mall
Harry Sidhu, Mayor of Anaheim (Getty Images)
Feds probe Anaheim mayor over Angel Stadium sale
Feds probe Anaheim mayor over Angel Stadium sale
 1933 South Broadway (Loopnet, iStock)
Ara Tavitian scores $150M refi on The Reef in DTLA
Ara Tavitian scores $150M refi on The Reef in DTLA
Colton Mayor Frank J. Navarro (City of Colton, California)
Colton to extend moratorium on distribution warehouses
Colton to extend moratorium on distribution warehouses
Red Mountain Retail Group's Michael H. Mugel with 11901-12089 Central Ave (Red Mountain, Newmark, iStock)
Red Mountain goes shopping for retail in Inland Empire
Red Mountain goes shopping for retail in Inland Empire
3440 Lomita Boulevard (Loopnet)
Cedars-Sinai buys medical office building in South Bay
Cedars-Sinai buys medical office building in South Bay
GI Partners' Rick Magnuson and One Wilshire (GI Partners, One Wilshire)
Here’s how much tenants are paying at One Wilshire in DTLA
Here’s how much tenants are paying at One Wilshire in DTLA
Link Logistics' Luke Petherbridge with 5200 Sheila Street (Link Logistics, iStock)
Aerospace outfit leases 115K sf warehouse in Commerce
Aerospace outfit leases 115K sf warehouse in Commerce
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...