Industry Insights Uncategorized

NAR Announces National Property Database

November 10, 2009

 

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From:  Charles McMillan, 2009 President

Date: November 6, 2009

Re:     NAR Database Will Give REALTORS® Access to Nationwide Property Data

I am pleased to announce the new REALTORS® Property Resource™, a wholly
owned subsidiary corporation of the National Association of REALTORS®. 
When it is launched at the end of the second quarter of 2010, RPR™ will
give REALTORS® nationwide access to data on all properties at their
fingertips so they can respond quickly to consumers interested in
residential and commercial real estate. 

A significant data content and licensing agreement with LPS Real
Estate Group, a leader in real estate information and technology, will
allow NAR to develop this parcel-centric information database covering
all of the more than 147 million property parcels in the country. A
number of additional technologies and functions are also being acquired.

Please note that this is not a national MLS and will carry no offers of cooperation and compensation.

This is exciting news and a terrific NAR member benefit. NAR is
committed to keep REALTORS® central to the transaction and to the
buying and selling experience with their clients and customers.

For more information, please read the
RPR

Fact Sheet
.

Sincerely,

Charles McMillan Signature

Charles McMillan
CIPS, GRI
2009 NAR President

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