Live from Toronto with Michael Wurzer, CEO of FBS

Listing Bits

Overview

Greg Robertson sits down with Michael Wurzer, CEO of FBS (Flexmls), right after CMLS 2025 in Toronto. They reflect on the state of the MLS industry, FBS's growth and culture, and how AI, standards, and industry consolidation are shaping the future of organized real estate.

Key Takeaways

• FBS growth & longevity

  • FBS is now the #2 MLS system vendor with near-100% retention.

  • Employee-owned culture drives long-term stability and customer focus.

• Industry leadership

  • Wurzer has been influential in pushing APIs, RESO standards, and long-term tech adoption.

  • Stresses that standards work is critical and shouldn't be overshadowed by hype around AI.

• AI & MCP

  • New protocols like MCP let large language models connect directly to MLS APIs.

  • This evolution validates years of investment in standards and API development.

• Compass/Anywhere merger

  • Private listing networks challenge cooperation but face adoption hurdles.

  • Consolidation could create distractions; agent adoption remains the biggest barrier.

• CMLS 2025 reflections

  • Strong broker/MLS dialogue, with Craig Cheatham's session a highlight.

  • Local broker engagement remains the most important success metric for MLSs.

• Source MLS revival

  • Effort to clearly brand MLS-sourced listings and improve analytics transparency.

  • Planned launch at the 2026 RESO/REset conference.

• Regionalization & data standardization

  • Florida coast example: six MLSs aligned on one entry system, eliminating duplicates.

  • Push for more regional cooperation to solve overlapping market disorder.

• Vendor vs. MLS-owned tech

  • MLSs entering the vendor space still face the same integration and sustainability challenges.

  • Wurzer argues FBS, as an employee-owned vendor, shares MLS values and long-term commitment.

• Future concerns & opportunities

  • Biggest worry: MLSs losing focus on standardizing data formats regionally.

  • Supports potential CMLS–RESO merger if it leads to stronger professional staffing and delivery of promised value.

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Production and editing services by:

Sunbound Studios