Industry NewsNews Brief

RPR courting MLSs

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: This story has been edited to correct that Saul Klein, chief executive officer of Point2 Technologies, would participate in RPR if he ran a large MLS, and that Rob Hahn, managing partner of 7DS Associates, would not.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).Participation ...