For MLS Organizations

“Equal” is not always “Fair”! 

MeteredIDX

A New Approach to Fairness in MLS API Fees

MeteredIDX preview
MeteredIDX preview

What is Metered IDX?

MeteredIDX is an innovative platform redefining how MLS (Multiple Listing Service) data is accessed and monetized. Designed to align value with usage, MeteredIDX enables data consumers, such as vendors (and soon capital markets), to pay based on the data they consume, not arbitrary flat rates. This groundbreaking approach ensures fair compensation for content providers, including brokers and agents whose listings curate the content of the MLS, while fostering a more transparent and equitable data ecosystem.

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The Problem Today – Inefficiencies in Data Monetization

In the current system:

The Challenge: How can MLSs maximize the value of their data while ensuring fair compensation for all stakeholders?

Data consumers, such as portals, CRMs, and CMA platforms, often pay without a direct correlation to the value derived from MLS data. Thus, a single agent website that accesses a limited dataset pays the same as a public portal that consumes vast amounts of data and generates substantial revenue from it.

As the industry evolves, the cost to acquire data may rise, especially if foundational rules like mandatory submission (CCP) are removed.

Content providers are not adequately compensated for their contributions, risking dilution of data value and accuracy.

The Solution – Metering Data for a Fairer Future

MeteredIDX introduces a transformative approach to data monetization through metered billing, ensuring that:

Data is priced based on actual consumption

Using advanced methods like API hit counts or web traffic analytics.

Priced data

MLSs retain control

By curating, protecting, and accurately distributing their data through secure channels like RETS and RESO Web APIs.

Content providers are rewarded fairly

Fostering a sustainable ecosystem for MLS data.

content providers

By leveraging cutting-edge solutions such as AWS Cloud for API hit tracking, MeteredIDX enables both replicated and non-replicated MLS data to be metered effectively and accurately.

Advantages of MeteredIDX for End Users

MeteredIDX introduces a transformative approach to data monetization through metered billing, ensuring that:

For MLSs and Content Providers

monetization

Monetization

Transform data into a revenue-generating asset by aligning pricing with consumption.

control

Control

Maintain ownership and protect the integrity of MLS data through robust licensing and copyright protections.

efficiency

Efficiency

Distribute data accurately using unified APIs and minimize dilution risks.

For Vendors and Data Consumers

fair pricing

Fair Pricing

Pay only for the data consumed, ensuring better ROI for businesses like CRMs, portals, and analytics platforms.

Transparency

Gain clear insights into data usage and costs through reliable metering mechanisms.

scalability

Scalability

Seamlessly integrate Metered IDX into existing workflows, enhancing access without unnecessary overhead.

The Future with MeteredIDX

A fair, controlled, and efficient data marketplace where value is maximized for every participant.