REcore, a premier provider of MLS (multiple listing service) SaaS and data licensing solutions, has officially announced the launch of its groundbreaking MLS Buyer Registry product, which is designed to address emerging compliance mandates usually associated with buyer agency agreements.
According to certain reports, the stated solution comes bearing an ability to help MLSs ensure compliance, and at the same time, make it possible for agents to access brand-new capabilities to protect their relationships, resolve conflicts, and increase efficiency.
Markedly enough, with new rules from the National Association of REALTORS® requiring MLSs to enforce buyer agency agreements, REcore’s MLS Buyer Registry product makes a timely entry to address these challenges head-on, and it does that by providing an MLS-wide tool to meet compliance obligations, while simultaneously delivering innovative features that protect agents and brokers. Hence, against an industry-wide shift, REcore’s solution offers MLSs a way to manage compliance without adding any more burdens on the agents.
Talk about the whole value proposition from a slightly deeper standpoint, we begin with its promise to help you achieve compliance with confidence. This translates to how it assists MLS in seamlessly ensuring that a buyer agency agreement is in place before showings. By doing so, it is able to address compliance concerns that have emerged due to new rules.
Next up, we must discuss the solution’s knowhow when it comes to sending conflict alerts. Here, agents can register their buyers, and the system will notify them if a buyer is already registered with another agent. Such an interconnected system resolves potential conflicts before they can even arise. On a more holistic level, though, it generates greater transparency across the MLS ecosystem.
“MLSs are now tasked with ensuring compliance with buyer agency agreements, and we saw the opportunity to not only solve that problem but also add real value for agents,” said Katie Smithson, Chief Revenue Officer at REcore. “The MLS Buyer Registry provides more than just compliance – it introduces new ways for agents to manage buyer relationships, resolve disputes, and streamline their processes.”
Moving on to MLS Buyer Registry’s lead list filtering capabilities, they basically empower agents to vet lead lists from portals and lead generation platforms. The idea behind doing so, like in the case of, is to allow for them to avoid wasting time on buyers who already have relationships with other agents. All in all, these capabilities tread up a long distance to protect agents from pursuing leads that aren’t viable, thus maximizing their efficiency.
Finally, our last piece of highlight comes from the solution’s promise of generating better clarity around buyer representation. In essence, MLS Buyer Registry helps clarify buyer representation so to cut down on the potential for conflicts over who is entitled to work with a buyer, and therefore, protects agents from overlapping agreements.
As for availability, REcore’s MLS Buyer Registry can be accessed as a standalone tool, or it can seamlessly integrate with REcenterhub, REcore’s innovative dashboard.
Among other things, we ought to mention that, although pretty significant in its own right, the new MLS Buyer Registry just marks the first part of REcore’s broader initiative to enhance buyer-related functions. For instance, future updates from the company, in the given area, are likely to introduce more advanced features, such as buyer prospecting and sophisticated analytics, further positioning REcore as a leader in MLS technology.
“We’re excited to bring this tool to market,” said Art Carter, CEO of CRMLS. “The real estate industry often says, ‘buyers are liars,’ because agents frequently deal with buyers who may unintentionally mislead them about working with other agents. This tool gives agents the ability to verify buyer relationships and avoid conflicts, adding a layer of transparency and protection that hasn’t existed before. By focusing on both compliance and agent utility, we’re confident that the MLS Buyer Registry will quickly become an essential tool for the entire MLS ecosystem.”
