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BETTER MLS: The Birth of Something New for America's Property Industry
World Property Ventures, a global firm specializing in real estate technology development and investment, is excited to announce the launch of its latest endeavor, BETTER MLS. This cutting-edge AI-powered MLS search platform is tailor-made for agents and brokers, offering them direct stock ownership opportunities in the platform itself prior to its public offering (IPO) in the future.
BETTER MLS is poised to revolutionize the real estate landscape by leveraging advanced AI technologies, Large Language Models, Transformers, and Big Data to create a comprehensive national MLS system. This platform will exclusively feature listings from licensed real estate professionals across the United States, spanning Residential, Commercial, Vacation, and Land properties available for Sale, Rent, Auction, or Exchange on a nationwide scale.
A standout feature of BETTER MLS is its consumer-facing website, BetterMLS.com, designed to enhance the property search experience for consumers. Through this platform, users can effortlessly explore the MLS database and directly connect with the authorized listing agent for each property, ensuring a seamless and transparent process.
Michael Gerrity, the founder of World Property Ventures, expressed his excitement about the project, particularly amidst the current challenges facing the brokerage industry in the U.S. Gerrity emphasized the need for a new national listings search platform in light of recent legal developments and concerns about job displacement due to AI. He highlighted NAR's $418 million settlement, which has reshaped how buyer agent commissions are paid, underscoring the urgency for a platform that empowers Realtors.
Gerrity noted widespread support for BETTER MLS among real estate professionals nationwide. He stressed the demand for a platform that prioritizes their interests and ownership, citing overwhelming support from agents and brokers for an AI-powered national listings search platform they can own and control.
BETTER MLS intends to establish a national advisory board comprising agents and brokers to contribute to the platform's governance and rules of use. Ultimately, BETTER MLS will be independently operated and owned by its future agent and broker, rather than by billionaire VCs, big tech, or major media corporations.
"With the development of BETTER MLS underway, World Property Ventures is laying the groundwork for a transformative shift in how real estate listings are managed and accessed nationwide in the coming year, promising a brighter future for Realtors across the country despite the uncertainties of today," concluded Gerrity.
