Industry NewsTechnology

NAR’s ‘Second Century’ tech incubator accepts proposals

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Second Century Ventures, a new company launched by the National Association of Realtors to consider investments in the development real estate technology applications, will formally begin operations in January. The technology incubator is part of a series of Realtor group initiatives that will be supported by a $16 per member national dues increase in 2008, bringing national dues to $80 per year per member, plus a $30 annual special assessment for the association's public awareness advertising campaign. A board of directors was approved for Second Century Ventures during the association's conference in Las Vegas in November, said Mark Lesswing, director of the National Association of Realtors' Center for Realtor Technology, an in-house division that supports NAR members, state and local Realtor groups and multiple listing services in the development, selection and use of technologies. Dale Stinton, CEO for NAR, was named an ex-officio member of the Second Century Ventures board, and ot...