RPR courting MLSs

Non-compete agreements to be offered

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NEW YORK — National Association of Realtors subsidiary Realtors Property Resource LLC says it will include non-compete agreements when entering into one-year licensing agreements with multiple listing services that agree to contribute their listings data to its national property database.

By promising not to compete with MLSs — and allowing them an opportunity to make a quick exit from RPR if they aren’t satisfied with the results — company executives say they are out to sign up half the nation’s roughly 900 MLSs by the end of the year.

Since NAR formed RPR in November, officials at some MLSs have complained that NAR hasn’t offered to share RPR revenue with them, and expressed reservations that RPR might offer competing services (see story).