Keller Williams Agent Says UK Needs to Adopt MLS Model

August 29, 2020
Share this Post: 

As OpenBrix prepares to officially launch, offering UK estate agents MLS capabilities in line with US real estate practices, Matt Fetick, a professional within the industry who runs a Keller Williams program in Delaware and Maryland, is praising the UK challenger. 

MLS converts home appraisals into listings while offering more referrals and higher fees. 

Adam Pigott, CEO of OpenBrix says: 

“The revelation that UK agents are leaving so much money on the table because they are not embracing MLS to the benefit of both the customer and themselves, is particularly exasperating given the revenue uncertainties that the industry may face in a post-stamp duty holiday world.

“Our proposition is unique and designed to help agents directly – helping them earn more and not just taking from them as may be familiar where other portals are concerned.”

MLS is a popular model in The States. It’s compiled of a network of over 800 platforms where brokers can share information on properties they have listed. MLS better promotes listings for sellers, offering better exposure than they could get otherwise. When it comes to the benefits buyers see with MLS, with this model, they are offered a huge network of information and only need to work with one broker to access it.

OpenBrix will be the first platform in the UK with MLS, according to the startups CEO. The goal is to create an extensive web of brokers swapping information like in the US to help save time and money for everyone involved in the buying and selling process.

August 29, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Fotocasa Madrid Buildings
Fotocasa Introduces Seal of Approval for Agents in Spain

Fotocasa has introduced a 'real estate seal of quality' for agents to show off their credentials—the first real estate portal...

Read More
Costar Group
Exclusive Interview: CoStar Boss Andy Florance Says Group Exploring Major European Acquisitions

CoStar CEO Andy Florance has revealed his intention to make a serious expansion into Europe—and hasn't limited his ambitions to...

Read More
Viewittenqs 1
Ten Questions with Farhan Junaid, Founder & CEO of ViewIt

What does "The TikTok of real estate" look like? Viewit wants to set a new standard in the portal space...

Read More
Adevinta Boardroom
Adevinta Committee to Analyse Takeover Bid

Adevinta's board has established a special committee of five independent directors to analyse a takeover bid it received in September....

Read More

Editor's Pick