Hive MLS has announced an investment and long-term partnership with SourceRE, a provider of multiple listing service (MLS) data infrastructure. Using SourceRE, Hive MLS plans to achieve seamless integration between current and future front-end vendor systems.
“This collaboration sets a new benchmark for what MLS organizations can achieve with a data exchange,” said Bill Fowler, president of SourceRE. “With Hive MLS’s forward-thinking leadership, and SourceRE’s advanced technology, we are creating a future where MLSs manage their own data stewardship and innovation.”
This initiative signals a broader industry shift toward MLSs taking proactive control of their data ecosystems, Hive MLS said. Rather than relying on a small group of third-party solutions and major public entities with competing interests, Hive MLS and SourceRE are working together to build an MLS data exchange without vendor-specific constraints, technical dependencies or timeline limitations.
“MLSs must be proactive in shaping their technology outcomes,” said Andrew Coca, CEO of Modern.tech, parent company of SourceRE. “Through this partnership, we are demonstrating that MLSs can execute upon the conversations the industry has been having for years around data independence.”
The partnership’s primary focus is creating improved data accuracy that enhances listing visibility and sales performance for agents and brokers for Hive MLS’s brokers and agents. Interoperability between MLS front-end systems allows brokers to better manage their data and streamline operations across multiple MLS markets and geographies.
“Our partnership with SourceRE is founded on synergy,” said Daniel Jones, CEO of Hive MLS. “Hive’s investment reaps greater returns when SourceRE grows. SourceRE benefits from the value of our data when Hive grows. This synergy is further strengthened as SourceRE becomes Hive’s technology division. Together, our vision is to enable a seamless data interchange between all our MLS partners.”
Hive MLS’s investment in SourceRE allows it to fast-track its technical advancements without the traditional overhead of building an in-house engineering team.
