Industry News

NCREX kicks off with two MLS acquisitions

Initial consolidation creates 23,000-member regional MLS

The Northern California Real Estate Exchange, or NCREX, this week announced the first stage of a planned merger by four San Francisco Bay Area multiple listing services. NCREX has acquired RE InfoLink MLS and Central Valley MLS, which unifies 23,000 MLS subscribers. Contra Costa MLS and Bay East MLS have also been involved in the creation of NCREX but have not yet formally been acquired by this regional MLS. NCREX makes its debut with a $20 million operating budget. There are several other efforts under way in the state, too, that could dramatically alter the MLS landscape. "MLS consolidation is a revolutionary step for the real estate industry," said Jeanne Garde, chairperson for the NCREX board of directors, in a statement. RE Infolink brings a consumer-facing real estate search site, MLSListings.com, to NCREX, and there are plans to enhance that portal "to actively refer potential buyers to NCREX subscribers," the MLS announced this week. "NCREX increases agent efficiency by providi...

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