(Source: The Vancouver Sun)

It’s a little device, wafer thin and about half the size of your finger that every realtor in Toronto has attached to a key chain.

It spits out constantly changing passwords that are used to guard access to one of the most precious resources the Canadian real estate industry owns — MLS, or the multiple listing service. Every board in Canada has its own security system.

The Internet was supposed to make the real estate agent redundant. The theory was people would simply go online and find a home for sale. But even today, estimates are that at least 90% of all real estate transactions go through an agent connected to the MLS, which serves as the central system for real estate listings.

Read Gary Marr’s full article “The dominant multiple listing service” in the Vancouver Sun (June 5, 2009).

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