Hacker Connect January 16 in New York
An event for and by the real estate tech community

The Arizona Association of Realtors is a board vote away from acquiring the state's largest multiple listing service as part of a larger plan to build a statewide MLS.At their Aug. 8 meeting, board members of the Arizona association will consider a proposal to become the sole owner of Tempe-based Arizona Regional Multiple Listing Service Inc. (ARMLS), and discuss governance and financial issues surrounding the operation of a statewide MLS.Shareholders of ARMLS have signed off on a tentative agreement to be acquired for $4.75 million, and proponents of the deal have prepared a business plan that envisions other Realtor associations signing on to a statewide MLS over time.The Arizona Association of Realtors would draw on $2 million in operating reserves to fund the purchase, and obtain a lo...