Answers about how PAKMLS is governed, funded and kept transparent, based on the proposal for a national Multiple Listing Service in Pakistan.
PAKMLS (Pakistan Multiple Listing Service) is a unified, transparent platform that lets every realtor and property dealer in Pakistan list their properties in one place. It is modeled on the non-profit MLS systems successfully used by realtors in the United States and Canada, and aims to bring standardization, security and fairness to the real estate industry in Pakistan. PAKMLS shall be governed by a Board of Governors and each board of Governor shall be listed with SECP. Board of Governors shall be elected by PAKMLS members through a ballot every two years.
PAKMLS is not created for the personal benefit of any individual or company. Unlike other real estate websites that are owned and operated for profit, PAKMLS is a non-profit institution established to serve the entire real estate community, including dealers, builders, developers, investors, and consumers. In many ways, PAKMLS aspires to become for the real estate industry what Shaukat Khanum Memorial Cancer Hospital is in healthcare—an institution built to serve the public rather than private interests. By introducing a true Multiple Listing Service (MLS) based on international best practices, PAKMLS aims to transform Pakistan's real estate industry through greater transparency, cooperation, professionalism, and consumer confidence, helping raise the industry to the standards of developed countries.
PAKMLS is governed by a Board of Governors (BoG). There will be 10 people from real estate community who shall be added as an interim BoG until we have sufficient register members who then can vote to elect BoG and other executive positions.
Yes, over time. During the first two years, the BoG will formulate and finalize a formal election process. After that initial period, democratic elections for the Board of Governors will be held every two years to ensure fair, representative governance.
No. All Board of Governors members serve in a voluntary capacity, with no financial compensation or incentives for their role.
No. PAKMLS operates as a non-profit entity, consistent with how MLS platforms are run by realtors in the United States and Canada.
The Board of Governors sets a minimal annual membership fee, kept deliberately low to cover only essential operating costs: website development and maintenance, IT infrastructure, training programs for realtors, and basic administrative and accounting needs.
PAKMLS follows strict accounting standards, and a reputable chartered accountancy firm is engaged to conduct an annual audit. The resulting audit report is made publicly available to all registered members, so the organization’s finances stay open to scrutiny.
The Board meets quarterly, using platforms like Zoom or WhatsApp, to review progress, address concerns, and make decisions that refine the MLS platform and its policies.
All of agents data is going to be 100% confidential and all leads generated from the listings will go to that agent directly and no one can see them, even system admin. Agents can see all leads on agent dashboard.
A single, unified platform lets every realtor list properties under the same standards, security and fairness — rather than a fragmented market of separate, inconsistent listings. This mirrors the approach used successfully by realtor associations in the US and Canada, and is intended to bring unity, transparency and modernization to Pakistan’s real estate industry while building consumer trust. Also each agency and agent can add their personal website URLs and they can divert traffic from PAKMLS to their websites for their own branding.
A builder can contact any independent agent or any agency to list thier project. Other option is builder register as an agency with their own name and then have one person from their office to register as an agent and list the project.
PAKMLS is built by real estate professionals, for real estate professionals. Its success depends on all of us.
Please register your agency, add your agents, and start uploading your property listings. Make it a habit to share PAKMLS listings with your clients through WhatsApp, email, SMS, and your social media channels.
By working together, we'll gradually increase public awareness and attract more members. Once we have a strong membership base, we can organize seminars, networking events, and large-scale gatherings while promoting PAKMLS through social media and national media.
The stronger our participation today, the stronger and more valuable PAKMLS will become for every member tomorrow.
Still have a question? Register as an agent or agency or reach out to your local association.
