WEST BABYLON, N.Y., Sept. 25, 2018 /PRNewswire/ -- The Multiple Listing Service of Long Island, Inc. (MLSLI) and the Hudson Gateway Multiple Listing Service (HGMLS) have merged to form the New York MLS, LLC. The new MLS will consist of approximately 40,000 real estate professionals, serving Nassau, Suffolk, Queens, Brooklyn, Manhattan, Bronx, and Westchester, Putnam, Rockland, Sullivan and Orange Counties.
Discussions began in June 2017 between leaders of the Long Island Board of Realtors®, Inc. (LIBOR) and the Hudson Gateway Association of Realtors® (HGAR) on the possibility of consolidating the aforementioned and respectively owned MLSs to form one regional MLS. Joseph Mottola, CEO of LIBOR/MLSLI says, "The expansion of geographic boundaries will create greater opportunities for members by providing access to a larger audience of real estate professionals for consumers alike."
A benefit of the new MLS will be the seamless flow of data for Brokers and Agents within the New York Metro area. Richard Haggerty, CEO of HGAR and President and Chief Strategic Growth Officer of the new MLS says, "The launch of the new MLS is an exciting move in the right direction to uniting area real estate professionals, by creating the only MLS members will need."
Jim Speer, the Sr. Vice President of Operations for MLSLI for over 30 years, will serve as Chief Executive Officer for the new MLS. Speer says, "With the alliance of two successful MLSs, members gain entry to a vast selection of integrated technology tools and resources which will better serve their buyers and sellers."
The combined strengths of MLSLI and HGMLS will enhance the local real estate market by providing the best service for the Real Estate professionals and the customers they serve.
The yet-to-be-named new regional MLS is expected to be fully operational sometime in 2019.
The Long Island Board of Realtors®, Inc. (LIBOR) is a not-for-profit trade association consisting of 27,000 real estate professionals working in Nassau, Suffolk, Queens and Brooklyn. The Multiple Listing Service of Long Island, Inc. (MLSLI) is a subsidiary of LIBOR. The Hudson Gateway Association of REALTORS® (HGAR) is a not-for-profit trade association consisting of almost 11,000 real estate professionals doing business in Westchester, Putnam, Rockland, Sullivan and Orange counties as well as the Bronx and Manhattan. The Hudson Gateway Multiple Listing Service (HGMLS) is owned by HGAR.
SOURCE Long Island Board of REALTORS