NAR Tech Acquisition Will Create National Property Database
November 09, 2009
News Release provided by Lucien Salvant.
The
National Association of Realtors® has acquired technology to create a
database of all properties in the U.S. so Realtors® can better assist
consumers in a high-tech, fast-paced business world.
The technology acquisition includes licensed data and secured data
aggregation services from LPS Real Estate Group, a wholly owned
subsidiary of Lender Processing Services Inc. (NYSE:LPS), a leader in
real estate technology. NAR will use the assets to develop the
Realtors® Property ResourceTM, a parcel-centric information database
covering all of the more than 147 million property parcels in the
country as a resource for NAR members. NAR is planning to launch RPRTM
in the second quarter 2010.
“Realtors® are the first, best source for real estate information,
and the RPR™ is another emphatic feature to that resource. RPR™ will
give Realtors® nationwide data on all properties at their fingertips so
they can respond quickly to consumers interested in residential and
commercial real estate. 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,” said NAR President Charles McMillan, broker with Coldwell
Banker Residential Real Estate in Dallas-Fort Worth.
For more information on RPR and to read the entire news release from NAR, click HERE .