13 Indiana MLSs consolidate

LPS' Paragon system will power new 5,000-member MLS

Thirteen Realtor trade groups in Indiana — each with its own independent multiple listing service — are banding together to form one 5,000-member MLS: Indiana Regional MLS.

In an agreement announced this week, real estate data and technology firm Lender Processing Services Inc. said its Paragon system will power the new MLS and give IRMLS members access to more than 750,000 real estate listings across 42 counties in the Hoosier State.