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Download this report (PDF: 307 KB) Intro A Smart, MLS, Inc. was created on April 1, 2017 when Connecticut MLS (CT-MLS) and Greater Fairfield County CMLS (GFC CMLS) lastly consolidated. Members were discussing debt consolidation twenty years ago and the reasons were the same then as they are today: one common database for the members, more efficiency for back-office procedures and elimination of duplicate jobs and charges.

Approximately ten years back, there was a transfer to combine when CT-MLS and GFC CMLS each reorganized their income streams with their particular regional associations. As a result, the associations presumed less of a function in the operations of the MLS and the two separate MLS organizations, thought about combining however might not reach an arrangement.

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At that time, the overlap and duplication was adversely impacting about 20 percent of the members who joined and spent for both MLSs. However soon thereafter it was determined that information sharing was not the optimal long-term solution. Management The leadership knew that with twenty years of not successful debt consolidation talks behind them, they had to concentrate their efforts on the advantages and positive result of this debt consolidation initiative and avoid reworking previous issues.

It was placed to be the statewide MLS for Connecticut. Previous efforts at consolidation failed and this developed some "history" in between the 2 organizations. The initial step was to create a level of trust between the 2 organizations. A single leader, specifically Michael Barbaro, the state association president-elect who was simultaneously serving on the board of directors of CT MLS, had the ability to cultivate relationships with the CEOs and officers in each particular MLS company.

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He also acted as the facilitator for all merger discussions, without utilizing an outside facilitator to help. The next action was a data share effort; they worked together to establish common information fields and service rules, which led to continuing a great working relationship and enhancing the level of trust.

And at that point absolutely nothing was off the table and major speak about combination started. A timeline was established that enabled roughly 4 months for the entirety of the merger discussions, decisions and all votes to strike make it possible to occur as expediently as possible. In  This Article Is More In-Depth , 5 town hall conferences were arranged for the benefit of individuals, supervisors and customers.