Miami Association of Realtors and Broward, Palm
Beaches & St. Lucie Realtors® announce merger

Effective May 11, 2026, Miami Association of Realtors® (“Miami Realtors®”) with a membership of 56,000 and Broward, Palm Beaches & Port St. Lucie Realtors® (Broward-Palm Beach Realtors®”), also known as Rworld, with a membership of 37,000, have merged into a single entity called Miami and South Florida Realtors®. The new association becomes the largest local realtor association in the country. Collectively both associations sold total real estate worth $69 billion in 2025. Initially, both associations will continue to operate as separate entities, combining their MLSs in the near future.

This announcement comes on the heels of another merger announcement. The San Antonio Board of Realtors and Four Rivers Association of Realtors announced their merger plans in April, 2026.

Some may argue that this merger is a domino effect of the 2024 National Association of Realtors (“NAR”) settlement. Consolidation creates market power and allows pushback against encroachment by other regional or national entities/MLSs. In addition, MLSs like Northwest Multiple Listing Service (NWMLS) serving Washington and Oregon regions sometimes are at odds with the NAR, specifically its 2024 settlement. Member owned and not affiliated with the NAR, the NWMLS opted out of the NAR 2024 settlement. They provide another model for the real estate industry. Also noteworthy is the emergence of American Real Estate Association, a so-called NAR alternative, see our March 2025 industry update. Finally, the Phoenix Association of Realtors offered an option called “MLS choice”, which allowed real estate licensees to become members of the Phoenix Association without becoming members of the NAR. The Phoenix Association dropped this option after the NAR sent a cease and desist letter, threatening charter revocation. See our February 2025 industry update.

In short, the real estate landscape has changed significantly since the 2024 NAR settlement. The South Florida MLS consolidation may be viewed as a defense against the industry trends in the post NAR settlement era.

Is a national MLS possible? It is highly unlikely. First, real estate laws vary significantly on a state by state basis. A national MLS may find it hard to account for state laws in a single model. Second, it might attract antitrust scrutiny. However, as the Miami merger indicates, a regional consolidation is certainly an option.