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Revolutionizing MLS Operations:
The Top Software Solutions of 2024

Beverly Hills, CA, March 6, 2024 - In the complex world of real estate transactions, the MLS serves as the backbone, facilitating seamless connections between agents, buyers, and sellers.

At the core of this system lies software, driving efficiency, accuracy, and innovation — so which add-on components are most important for the modern MLS?

Here are five types of software you should explore at your MLS, if you don't already have them, or if you're not pleased with your current solution.

Compliance Software

Compliance is the bedrock upon which an MLS's credibility and operational integrity stands. The quality of MLS data is paramount to its value to the industry and to consumers.

Press Release

One option, Checkmate by VestaPlus, was created in response to the challenges inherent in both legacy compliance software and the labor-intensive, manual compliance processes plaguing MLSs. Tedious, time-consuming, and prone to errors, these processes often fall short in maintaining data integrity and addressing the pain points of compliance officers and MLS executives.

The software's configurability empowers MLSs to tailor compliance rules to their local requirements. From automated violation detection to seamless integration with any MLS software and customizable reporting, Checkmate facilitates deeper insights and informed decision-making for MLS organizations of any size.

Checkmate's new AI assistant can detect violations within photos as well, such as inappropriate images or incorrect watermarks, among dozens of other options. The AI assistant also confirms that each listing has at least one external property photo.

The transformative impact of Checkmate is best illustrated through metrics. Let's consider a scenario where a compliance department grapples with 30 violations. In a manual process, this could translate to an arduous 8-hour ordeal. With Checkmate's automated detection and notification capabilities, the same task is accomplished in a mere two hours, representing a remarkable 75% time reduction.

Neighborhood Statistics

Market statistics and neighborhood reports are crucial for informed decision-making in real estate. Neighborhood Snapshot, another VestaPlus product, offers MLSs and professionals unparalleled insights into local markets.

With features like granular data analysis and customizable reports, Neighborhood Snapshot empowers agents with actionable intelligence. This rich reporting tool can be added to any MLS system.

Showing Management

Efficient showing processes are essential in the fast-paced real estate industry. Showing software can help redefine the showing landscape with intuitive features and seamless experiences

When considering a showing solution, check to see that it's interoperable with other showing platforms. This makes it simple for agents to schedule showings with agents from neighboring MLSs who use a different platform. ShowingsPlus by VestaPlus, for example, offers an API to ShowingTime and can interface with other showing software platforms.

Home showing software should include scheduling enhancements, client management tools, and the ability to manage smooth, effective showings from the perspective of the seller, the agent, and the buyers seeking to view the home.

Mobile App

Mobile apps are a critical component for any MLS system, and give agents and consumers easy access to housing data on the go. The best mobile apps allow agents to interact seamlessly with clients, such as recommending listings to a buyer. Agents should also be able to see which properties their clients favorite and their search parameters for better intel.

Both public record data and MLS data should be available in a quality MLS mobile app, as well as map searching, and the ability to quickly see listings near your current location. The latter is a feature sorely missed in the now-defunct Homesnap app. Any app that includes that feature has a leg-up on the competition.

If you're considering a mobile platform for your MLS, the VestaPlus Pro mobile app is highly rated in the App Store and pushes out new functionality at least once per month, ensuring the app stays ahead of the rest.

What Else Is Out There?

Beyond compliance, market insights, and showings, MLSs should also consider security (in the wake of outages last year) and artificial intelligence (AI) applications.

The top software solutions of 2024 usher in a new era of efficiency, accuracy, and innovation within MLS operations. From compliance management to market insights and beyond, the benefits of advanced software are indisputable. Embracing these advancements, MLSs can navigate the ever-changing real estate landscape with confidence and success.