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."