Industry NewsNews Brief

RealtyTrac launches brokerage network

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Online foreclosure marketplace RealtyTrac launched a brokerage network today the company says will provide partners with exclusive leads, market insight and media exposure. The RealtyTrac Network will be available to only one brokerage in each housing market, and will complement the company's mortgage, property and demographic data with "tribal" knowledge of local markets.RealtyTrac is launching the network with two charter members: Prudential California Realty, which serves Orange and Riverside counties, and Chase International, which serves markets including Reno, Nev., and Lake Tahoe. RealtyTrac said additional brokerages have signed up for the network and will gain access to it in the coming months.Real estate brokers and agents often have access to information on distressed properties through multiple listing services, which purchase access to mortgage and public property records for their members from data aggregators CoreLogic and Lender Processing Services. And ...