BrokerageIndustry News

CAR approves merger of calREDD, MRMLS

New MLS to serve over 33,000 Realtors in California

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A statewide multiple listing service is one step closer to reality. The board of directors of the California Association of Realtors has approved the merger of the association's calREDD MLS system with Pomona, Calif.-based Multi-Regional Multiple Listing Service Inc. (MRMLS), the trade group announced Monday. The MRMLS board of directors, representing 12 Southern California member associations, approved the proposed merger last month, the announcement said. The new MLS will be available to more than 33,000 real estate professionals in 22 Realtor associations across the state. "The new entity will increase the momentum of the statewide MLS and members should expect to see even more choices and increased services over time," said Mike Silvas, chairman of the CAR subsidiary that operates calREDD, in a statement. Both companies said they would "work closely during the transition to the new entity to ensure there are no disruptions in service, the needs of members co...