Multilevel Listing Solution (mlsBH), a real estate database platform of verified and centralized listings, was recently launched in Bahrain.
An initiative of Bahrain-based Premium eBusiness Solutions, mls.bh introduces a holistic structured approach to real estate listings in the Kingdom, said Sadaqat R A Sattar, solution architect and managing director.
“Currently, real estate listings services, as well as listing practices in Bahrain, are haphazard and often conflicting. Most listing services allow rogue real estate agents to claim unauthorized property listings as their own, exposing end consumers to misrepresented property listings with often falsified information,” he said.
“mlsBH, the first service to address these malpractices, will create a reliable, accurate and comprehensive database of the country’s real estate by introducing user type based listing services instead of just property type. This will ensure only rightful representatives of property can list on the platform.”
mlsBH has been developed around the world renowned listing model of Multiple Listings Service. However it has been extensively customized and conceptually enhanced to cater to the local real estate industry.
The solution is a hub for a suite of sub solutions, each catering to a specific segment of the market. For Sale Rent By Owners (fsrboBH) is a direct owner’s listing interface of mlsBH dedicated to all property owner classes, while RealtorBH is exclusively for licensed realtor classes of Bahrain and RealtyBH is the listing display solution of all mlsBH listings.
Commenting further on the service’s roll out plans, Sattar mentioned that the solution was initially slated for a rollout in September, but after initial tests and enhancement took longer than anticipated, the plan was revised to roll out a stable beta version to the market in order to minimize downtime that would have affected user experience.
The company has now started issuing pre-launch listing subscriptions to real estate operators, developers, real estate agencies and property managers.
“We have decided to first secure large portfolio listings of direct owners and real estate operators because there is no solution dedicated to upholding the listing rights of these user groups. Simultaneously we will get active and leading real estate agencies as well as property managers onboard to participate with their exclusive listings,” said Sattar.
“Their biggest incentive is instant access to direct owner listings, something realtors are always on the look out for. Finally, once a sufficient portfolio of listings and realtors is secured, we shall then shift focus on RealtyBH to be the most comprehensive property listings site displaying mlsBH listings in a manner no other conventional website can.
“Furthermore, we would also expedite listing syndication arrangements with realtors and other independent realty portals whereby we will distribute verified and centralized listings of mlsBH to their websites in order to attack a wider range of target audience,” he added. – TradeArabia News Service