If you didn’t get to sit in on our August Town Hall meeting, you can listen to the recorded broadcast here. Get comfortable as we spend the hour talking about the difference between Direct Input and Broker Direct Feed, the future of Upstream beyond listing management and some fun questions from the audience.
Upstream continues to make progress supporting “Direct Input (DI)" and the new "Broker Direct Feed (BDF)." As a reminder:
The "Broker Direct Feed" model is provided for MLSs not ready for direct integration giving participating brokers immediate distribution control while waiting for "Direct Input" to come online at a future date. Broker Direct Feed is a temporary solution while participating MLSs work with Upstream on planning and resource requirements.
Projected Direct Input (DI) Markets
Projected Broker Direct Feed (BDF) Markets
We will be demonstrating both DI and BDF real world examples at the NAR Annual Convention, November 3-6th.
The development team released Sprint 17 that included these updates:
The RMLS (Portland, OR) integration project remains on schedule and will entering QA in the coming weeks. Planning for Pilot brokerage usability testing that follows the production implementation is being performed in parallel. Customization to support the MLS Listings (Sunnyvale, CA) integration have begun in parallel.
No headcount changes or additions. We continue to run lean!
We continue to iterate on the Letter of Intent (LOI) between Upstream and the MLS community with great help and support from our MLS Advisory Group.
The Upstream Board of Managers approved these changes to the Operating Agreement:
NOTE FROM THE CEO
We've been "heads down" here at Upstream getting ready to go live with RMLS and MLS Listings using "Direct Input" and preparing our first three "Broker Direct Feed" markets (ARMLS, NTREIS, and NorthStar) for their November debut. You can feel the "flywheel" getting momentum as we work with the pilots and our advisory committees and have commitments across both the MLS and Broker communities. I'm excited at our new pace and look forward to reporting our progress in the markets.
Additionally, we are working through a new revenue "membership" model which looks very promising. Early price testing has been well received, and we hope to ratify the model at our October board meeting followed by an immediate announcement.
We seek to create efficiencies by reducing redundant entry, help brokers distribute deliberately by giving them control over who can access their data and inspire innovation by removing artificial barriers when the broker allows.