REcore,
a
software-as-a-service
and
data
licensing
solutions
provider
for

multiple
listing
services
(MLSs),
has
announced
the
launch
of
its
new
MLS
Buyer
Registry
tool.

According
to
the
announcement,
the
product
is
designed
to
address
potential
issues
regarding

buyer
and
agent
compliance
with
the

newly
mandated
buyer
agency
agreements.
REcore
said
that
the
tool
will
help
MLSs
to
ensure
their
subscribers
are
complying
with
the
business
practice
changes
outlined
in
the


National
Association
of
Realtors’
nationwide

commission
lawsuit

settlement
agreement.

“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,”
Katie
Smithson,
the
chief
revenue
officer
at
REcore,
said
in
a
statement.
“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.”

REcore’s
MLS
Buyer
Registry
helps
with
compliance
by
ensuring
that
a
buyer
agency
agreement
has
been
signed
before
a
showing
takes
place.
Additionally,
agents
who
register
their
buyers
into
the
system
will
be
notified
if
their
buyer
has
already
signed
a
buyer
agency
agreement
with
another
agent.

Agents
can
also
use
this
feature
to
vet
lists
sent
by
lead-generation
platforms
so
they
can
avoid
wasting
their
time
with
buyers
who
are
already
signed
with
another

agent.

“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,”
Art
Carter,
the
CEO
of

California
Regional
MLS,
said
in
a
statement.

“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.”

The
product
is
available
as
a
standalone
tool
and
it
also
integrates
with
REcenterhub,
the
company’s
dashboard.

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