The real estate industry represents on average about 15% of the GDP of the different countries. Within this industry, the transaction sector is strategically located, both upstream and downstream of all real estate projects. It is therefore an extremely coveted activity by the various market players.
The development of NICTs has recently favored the emergence of new players, and has considerably impacted the organization of the industry by creating new challenges for the professionals of the sector:
In this context, the added value of a regulated collaborative approach by real estate agents within MLS-type organizations represents a structuring, determining and non-reducible element on which real estate agents must be able to rely in order to maintain a major role in the industry, and guarantee an optimum quality of service to their clients.
At the European level, the rational development of local MLS organizations therefore represents a major challenge for the fluidity of the real estate transaction market, the organization of industry professionals, and the recognition of their added value by their clients.
MLS-type organizations or initiatives have been developed in a differentiated and uncoordinated manner within the different European countries and regions, depending on the following:
However, to date, there is no international standard reference framework that lists the fundamental principles and structuring elements of the development and operation of MLSs, a reference framework on which local organizations could rely to optimize their operation, better control their market, and better legitimize their positioning and their actions vis-à-vis the various market players and public authorities.
Therefore, the choice to create a non-profit and independent organization appeared obvious to the promoters of MLS Europe, in order to guarantee the relevance and the neutrality of the proposed standards.
MLS Europe was created and is managed by a board of real estate agents representing different European countries.
A Technological Council assists the board in the definition and implementation of the European standard.