Industry News

First American acquires real estate management software co.

Plans to roll its software into MLS offerings

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

First American MLS Solutions, which focuses on multiple listing service technology for the real estate industry, has acquired Maryland Management Systems, or MMSI, a provider of management software to Realtor associations, the companies said today. The two did not disclose terms of the transaction, which closed Jan. 3. First American will integrate MMSI's The Director association management software with MLXchange and TEMPO, which are its MLS products that currently serve nearly half of all real estate professionals throughout the United States and Canada, the company said. First American will offer The Director to non-client real estate associations in addition to those currently using MLXchange and TEMPO, the company said. The Director streamlines the operations of real estate associations with management tools including automated billing, accounts receivable, full accounting functionality, and information on committee meetings and class schedules. First American MLS Solutions is ...