Board Focus Group Sites

1
Connecticut Multiple Listing Service,
Inc. Presentation to the Middlesex Shoreline
Association of REALTORS January 18, 2007
2
Advantages of a statewide MLS

• Its what REALTORS want!
• A 2006 CAR survey says 74 of the membership
  wants one MLS, one MLS vendor, data in one
  format, one set of MLS rules.
• Cost Savings for REALTORS
• one MLS fee with costs spread over a greater
  number of users.
• Data Protection
• Costly data protection software/hardware is
  affordable for a large MLS

3
Advantages of a statewide MLS

• Access to all MLS data
• CAR members will have access to what clients can
  already see on www.realtor.com and other
  websites.
• Statewide offer of compensation
• MLS data standardization
• Uniform MLS rules and enforcement

4
Why CAR?

• Original Work Group proposal No Association
  involvement.
• Initial Business Plan Potential ownership by 21
  Associations to provide the NAR umbrella.
• Revised Business Plan CAR as the only
  Association.
• Streamlined governance
• Full compliance with NAR policy

5
CAR Controls

• Changes to any of the following require the
  approval of the CAR Board of Directors
• Articles of Incorporation
• Article 2 Not For Profit
• Article 4 (2) No Lobbying/Political
  Fundraising
• Article 5 Limitation distribution of net
  earnings restricted
• Article 6 Membership CAR as the
  sole Sponsoring Member, voting
  by Participants, Subscribers are
  non- voting Article 9 certain Bylaw
  changes
• Article 10 transfer of assets mergers -
  dissolution
• Article 11 Non-stock corporation

6
CAR Controls (continued)

• CTMLS Bylaws
• Article II Purpose of the MLS
• Article VII, Section 2 Board of Directors
  number, qualifications, election and
  tenure
• Article VII, Section 10 Unilateral Removal of
  
• Director
• Article XIV Basic Agreement for MLS
  agreement to offer a cooperating
  broker fee
• Article XVI Amendments to these
• specific Articles
• Article XVIII Dissolution

7
Connecticut Multiple Listing Service,
Inc. Business Plan CTMLS developed a detailed
business plan in early 2006 that has been revised
several times in response to member
concerns. Today, CTMLS is the product of business
plan 2, the combination of the Co-op and Eastern
Connecticut MLSs. http//www.ctstatewidemls.com
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Startup Ongoing Operations

• Ownership - Convert to a not-for-profit non-stock
  corporation with CAR ownership, Participant
  control.
• Governance 5 Participants each from Large,
  Medium Small Firms, one non-voting AE, one
  agent. 15 firm representatives and agent elected
  by Participants.

9
Startup Ongoing Operations

• 5 member Management Council composed of AEs
  and/or MLS Executives that
• represent all areas of the state.
• Data conversion, entering into Service Center
  Agreements
• Current lockbox systems are not affected.

10
Participation fees

• There is a one-time 200 application fee for
  Participants (Designated REALTORS).
• No application fee for Subscribers (agents).
• MLS monthly fee - 26.00 (plus tax).
• User fee bills will be mailed semi-annually for
  the periods of May-October and November-April.
• Unlicensed office staff are not charged

11
Member processing

• Service Centers sign up Subscribers and give them
  MLS access on the spot.
• For the semi-annual billing, Subscribers will
  have the ability to pay invoices by credit card
  via the Internet.
• Credit card processing fees will be paid by CTMLS.

12
CTMLS Service Centers

• The following 13 Associations have approved the
  creation of CTMLS and are acting as Service
  Centers
• Eastern Connecticut Association of REALTORS
• Greater Bridgeport Board of REALTORS
• Greater Fairfield of REALTORS
• Greater Hartford Association of REALTORS
• Greater New Haven Association of REALTORS
• Greater New Milford Board of REALTORS
• Greater Waterbury Board of REALTORS
• Litchfield County Board of REALTORS
• Mid-Fairfield County Association of REALTORS

13
CTMLS Services

• In addition to providing the most comprehensive
  and accurate listing data, CTMLS also offers
• Integrated tax data for every town in Connecticut
• Tax data autofill on new listings
• MLXchange Wireless. Access the MLS through your
  PDA or cell phone
• Local Service Center support
• Answerlink Technical Support. M-F 830 a.m. -
  800 p.m. and Sat-Sun 830 a.m. - 300 p.m.

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CTMLS Services

• No fee for unlicensed office staff
• Free MLS training at your office or Service
  Center
• More than 25,000 active listings
• Historical data on more than 285,000 sold listings

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• Questions Answers