Residential Real Estate News
The World's First 'Global Listings Service' Announced
Miami-based WORLD PROPERTY MARKETS founder and CEO Michael Gerrity announced plans this week to launch in mid-2025 the world's first global, AI-powered and consumer-facing MLS platform called GLOBAL LISTINGS.
Gerrity calls their new platform a "GLS" (Global Listings Service) instead of the commonly used industry term of an MLS because it is vastly different on many levels, including making the GLS publicly accessible to all and hosting tens of millions of property listings across all categories and locations worldwide, and in multiple languages.
Gerrity explains that this next-generation GLS platform will be built upon the company's current GLOBAL LISTINGS v1.0 platform today, currently hosting over 3+ million listings in 110 countries and growing.
Other notable features that set it apart from other traditional real estate MLS platforms include:
- Extensive Listing Coverage: Unlike typical MLSs that limit listings to local regions, GLOBAL LISTINGS will offer coverage on a local, national and global scale.
- All Real Estate Categories: The platform will include residential, commercial, vacation, and land listings worldwide.
- Publicly Accessible and Multilingual Capable: GLOBAL LISTINGS will be consumer-facing and accessible online to everyone in multiple languages and currencies.
- Industry Stakeholder Ownership: Instead of real estate associations, the platform will primarily be owned by industry stakeholders such as brokerages, home builders, property developers, private landlords, institutional owners, investment funds, banks, and title companies worldwide.
- Localized Real-time Mortgage Quotes: The platform will provide consumers the ability to receive localized mortgage rate quotes in real-time in a widget located next to each listing located in the US. This capability will further expand internationally in the coming years thereafter.
- Integrated Market Insights: Property searches on the platform will feature local market news and data alongside each listing to aid buyers and investors in making informed decisions.
- Direct Lead Routing: All leads generated through listings will go directly to the property seller or their authorized agent exclusively, not to third parties.
"Both buyers and sellers will benefit from a highly personalized search experience, with access to a global inventory of listings and relevant market data in their own language and currency, allowing them to make well-informed decisions in real-time", says Gerrity.
The company also notes that GLOBAL LISTINGS v2.0 will highly leverage advanced technologies to connect people, properties, and markets worldwide far more efficiently and cost-effectively. By using AI and large-scale data to digital target high-probability buyers globally, the platform aims to reduce customer acquisition costs by 5 to 10 times for property sellers, generating significant savings in equity and selling costs.
"Bottom line, we are building the world's first and most powerful real estate customer 'Cyber Hunting Machine' ever created", concludes Gerrity.
