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CALMLS moving forward on acquisition plans

State group extends $3 million line of credit

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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. CALMLS is a nonprofit subsidiary of the statewide Realtor trade group that is intended to serve as either a data provider for those MLSs that continue operation or as a primary provider of MLS technology and data for those groups that choose to join. As envisioned, brokers and agents will gain access to statewide data through participating MLSs and Realtor associations. Earlier this month, the California Association of Realtors revealed a report stating that CALMLS has plans to "acquire the assets of at least on...