DIGITAL TRANSFORMATION OF REAL ESTATE MARKET: TOWARDS CREATING A NATIONAL MODEL OF MULTIPLE LISTING SERVICE IN UZBEKISTAN

Abstract

This paper discusses the issues for creation of a multiple listing service (MLS) in Uzbekistan as a process of digital transformation of the domestic real estate market. In particular, the paper explores the essence and theoretical aspects of MLS, proposes the conceptual bases for creating the MLS when digitizing the domestic real estate market, and describes the mechanism of MLS's operation. The research methodology is based on a systematic approach to the formation of the conceptual foundations for creating an MLS for the real estate market of Uzbekistan. The research results noted the necessity of creating a national model of the MLS which takes into account the advanced achievements in the organization and functioning of the MLS of foreign countries and adapted to local conditions, as well as the necessity of development of software product in the form of web-platform which would contribute to the further development of the domestic real estate market.