What Is MLS 5.0?
MLS has been transforming since its creation. The change from the way it is done today to the way of the future requires acknowledging that major changes have successfully taken place in the past, often over the objections of many well-intentioned individuals and organizations. First Generation-Cards and then listing sheets and ringed binders with weekly updates and errata, which were used to update the inventory manually, everyday or every other day. Second Generation-The bound MLS book. This book was printed every two weeks. The San Diego Association MLS printed a book every week. Even in a good real estate market, no one dreamed of anything close to a system where the inventory was updated daily. The idea of real time access (like one can find on websites like Craigslist), would have been discarded as eccentric. Third Generation-Computer access to MLS data through “dumb terminals” over telephone lines…no monitors, no video display. Fourth Generation-Web-based MLS (no more banks of p
