CALMLS moving forward on acquisition plans

State group extends $3 million line of credit

CALMLS, a statewide multiple listing service initiative in California, got the green light — in the form of a $3 million line of credit — from the California Association of Realtors to pursue the acquisition of one or more MLSs.

Mike Silvas, CALMLS chairman and a broker in Napa, Calif., said Monday that CALMLS officials will continue in discussions with two MLSs, and a meeting is planned this week between a group representing one MLS and a subgroup of CALMLS.