Residential Real Estate News
BETTER MLS: A New Agent and Broker Owned National Listings Platform Announced
Miami-based real estate technology investment firm, WORLD PROPERTY VENTURES (WPV), has announced the coming launch of its latest proptech venture called BETTER MLS -- a new national, consumer-facing listings search platform exclusively owned, governed and operated by real estate agents and brokers across the U.S.
Set to go live in H2 of 2025, the BETTER MLS platform (BetterMLS.com) will feature only verified listings provided by the platform's agent and broker members exclusively, covering all categories of real estate that include Residential, Commercial, Vacation, and Land listings actively for sale, rent, auction, or exchange - nationwide.
In the coming months, WPV plans a $30 million funding round to sell its ownership stake in BETTER MLS to brokers and agents nationwide through a Reg-D private offering who are accredited investors. Once fully funded, WPV will transfer full management and ownership control of the platform and company to its new owners and Board of Directors.
WPV founder Michael Gerrity commented, "In light of all the current DOJ / NAR / MLS lawsuits and financial disruptions occurring in the brokerage industry, it's crucial for agents and brokers to take charge of their futures by owning their own national listings platform. By investing in this platform at the ground-floor, they gain two key advantages: reclaiming control over their industry owning their own national listings platform while positioning themselves to build substantial personal wealth as owners as the platform grows in revenue and users, potentially leading to a future IPO -- their own liquidity event."
"Realtors often champion the benefits of 'homeownership' to Americans. Now it's time Realtors experience the benefits of 'platform ownership' for themselves," added Gerrity.
