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CALMLS moving forward on acquisition plans

State group extends $3 million line of credit
Published on Jan 26, 2009

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by CareyBot

CALMLS, a statewide multiple listing service initiative in California, got the green light -- in the form of a $3 million line of credit -- from the California Association of Realtors to pursue the acquisition of one or more MLSs.

Mike Silvas, CALMLS chairman and a broker in Napa, Calif., said Monday that CALMLS officials will continue in discussions with two MLSs, and a meeting is planned this week between a group representing one MLS and a subgroup of CALMLS.

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