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This real estate story reminds me why America is so Great

The multiple listing service in Warsaw, Poland, only lasted one hour. Let me start from the beginning.

Janet Choynowski started working in Poland at the end of the Cold War. A number of American companies soon found her and hired her as a consultant as they searched for property, and by the mid 1990s she was running a brokerage in Warsaw.

But coming out of communism meant that Polish real estate wasn’t as developed as the U.S. industry.

real estate broker

real estate broker

Janet Choynowski

“They had no rules around the trade of private property, there having been no private property,” she recalled.

One of the things that Choynowski said was particularly lacking at the time was a multiple listings service (MLS). The result was multiple agents representing the same properties, agents who were unwilling to share information, and a “thicket” of confusion that hamstrung the real estate industry.