VestaPlus is gaining traction with its AI-powered compliance system. The company announced this Firelands Association of Realtors in Ohio and Northwestern Wisconsin MLS have signed up for CheckMate, the company’s compliance violation detection software.
In July, Staten Island MLS And San Diego MLS entered into similar partnerships with VestaPlus, and the company now serves a total of five MLSs.
“We are excited to support Firelands Association of Realtors and Northwestern Wisconsin Multiple Listing Service in optimizing data accuracy and streamlining internal processes while reducing costs,” VestaPlus CEO Annie Ives said in a statement. “Now that compensation offers have been removed from the MLS, it is imperative that MLSs implement new compliance technology that improves the experience for both MLS staff and real estate professionals.”
CheckMate uses AI to find compliance violations in listings and photos, eliminating the need for MLSs to manually search for individual violations. It’s just like integrated into the MLS platform KernLogic‘s Matrix.
Compliance software has become significantly more important to MLSs in the wake of new rules imposed by the Commission’s lawsuit agreement National Association of Real Estate Agents. Some agents have gotten creative in offering compensation to buyer agents, such as placing three items in photos to indicate a 3% commission offer.
VestaPlus is a wholly owned subsidiary of TheMLS.com, that decided to build its own software twenty years ago. In 2018, TheMLS.com created VestaPlus to continue building the software with the intention of licensing it.
“The technology is there and it is a resource we should adopt,” David Freitag, CEO of Firelands Association of Realtors, said in a statement. “We want the best compliance resource available and that is Checkmate.”
