Enhanced Transparency on How Data Is Being Used
CRMLS and Bright MLS developed REdistribute, a joint venture to simplify MLS data licensing for consumers and provide MLSs with transparency on the use of their most important asset.
REdistribute was formed to aggregate and distribute data on behalf of participating brokerages and MLS organizations, providing unbiased, up-to-date MLS information directly from the source to institutions involved with the housing industry – and to put brokers back in control of their data rights and usage.
Since REdistribute’s inception, BeachesMLS, Stellar MLS, and REcolorado have joined the initiative to take part in generating additional value for the brokerage community.
This is truly a turning point for the industry.
REdistribute aggregates and distributes data on behalf of participating MLS
organizations and their broker participants. Brokers and MLSs that participate have full
transparency on how their data is being utilized for institutional use. Consumers of this
data in fields such as insurance, mortgage lending, etc. will have access to the most
accurate and current real estate information database available in the country.
With REdistribute, your broker will both take back control of their data and increase its
value. Specifically, the revenue generated from data use by licensees will be shared
back with the brokers and MLS organizations that participate, ensuring that participants
are compensated at true market value for the data they provide. As REdistribute
develops, more information on the specifics of revenue distribution processes will be
shared.
This is not a merger. REdistribute is a joint venture between CRMLS and Bright MLS and a separate corporate entity.
Founders: CRMLS and Bright MLS
Investors: Beaches MLS, MLS PIN, REcolorado, Stellar MLS
For a list of all MLS Licensors, click here.
The formation of REdistribute enables us to harness the power and possibility of our
shared data to benefit brokers.