Michael Wurzer arguably may be the real estate industry’s most passionate and prolific advocate for industry standards. Wurzer is the President and CEO of FBS, creators of Flexmls and the Spark platform.
He is a master at explaining the value of standards and the incredible impact they are having and will continue to have on the real estate industry. In this video interview, he dives into how RESO standards are helping MLSs make the market work.
“Standards can only make an MLS more valuable,” says Wurzer. “Because what an MLS’s chief function is is creating that market – making the market work. Creating the cooperation among the brokers, and the standards are an ultimate expression of that cooperation.”
Wurzer discusses how standards do not limit an MLS from having local fields but rather enable MLSs, making their service more valuable to brokers and agents. He notes that the value of the MLS is in bringing agents and brokers together to make a market and that implementing standards only enhances that.
He also covers how standards will fuel more product innovation and allow MLSs of all sizes to have more product choices. He says that data – like contacts – should flow “freely and easily between all the software the MLS brings to the market for their customers to choose.”
Wurzer sees that industry participation is rapidly increasing and that momentum is building for data standards.
