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NAR group pursues national real estate database

System would include every U.S. property, status information

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A National Association of Realtors advisory group is moving ahead with plans for a national real estate data repository that would include comprehensive information for all categories of property, including residential and commercial properties and vacant land. Such a system could serve as a building block for a nationwide MLS, said Gary Thomas, chairman of the MLS Future group and a former president for the California Association of Realtors trade group -- but not without formal approvals. The advisory group, formed in early 2006 to rethink the form and function of the multiple listing service system, has left the "dream stage" and is working toward the "reality stage," Thomas said Saturday during a presentation to the National Association of Realtors board of directors. Properties in the repository could be flagged by status, Thomas said, such as whether the property was for sale or for lease. "The information that would be contained in this database would be comprehensive; it would ...