Industry NewsNews Brief

MLS buy-in key to NAR database

System gives Realtors more voice in valuations?
Published on Nov 12, 2009

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by CareyBot

A national property database to be rolled out by a new subsidiary of the National Association of Realtors in April could give its members a bigger say in property valuations -- if their multiple listing services agree to participate, backers say.

NAR's Realtors Property Resource (RPR) database will attempt something that's never been done at the national level: integrate public property records, residential and commercial, with information gathered by Realtors and others when properties are listed in multiple listing services (MLSs) and commercial information exchanges (CIEs).

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