Industry NewsTechnology

NAR acquires tech for national database

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The National Association of Realtors has acquired technology from Lender Processing Services Inc. to assist its development of the Realtors Property Resource, a planned property information database that will include information on all U.S. properties, NAR has announced. In a statement today, NAR CEO Dale Stinton said, "Realtors need to respond quickly to today's tech-savvy consumers, and the RPR provides a means for multiple listing services, commercial information exchanges and real estate brokerage business models to support the Realtor community, rather than requiring Realtors to purchase data aggregated by third parties." The Realtors Property Resource has evolved over several years since the creation of NAR's MLS Future Presidential Advisory Group in 2006. Lender Processing Services, which provides technology and services to the mortgage and real estate industries, in 2008 spun off from Fidelity National Information Services. Cyberhomes.com, a consumer-facin...