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MLS buy-in key to NAR database

System gives Realtors more voice in valuations?

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A national property database to be rolled out by a new subsidiary of the National Association of Realtors in April could give its members a bigger say in property valuations -- if their multiple listing services agree to participate, backers say. NAR's Realtors Property Resource (RPR) database will attempt something that's never been done at the national level: integrate public property records, residential and commercial, with information gathered by Realtors and others when properties are listed in multiple listing services (MLSs) and commercial information exchanges (CIEs). Although the database will offer sophisticated search capabilities for property information, including details about active and sold listings, it will carry no offers of cooperation and compensation. Rather than serving as a "national MLS" -- an idea many Realtor associations and MLSs might see as too radical and decline to participate in -- RPR's backers say it will be a research tool to help ...