NAR Board Approves Nationwide Broker Data Entry System
The NAR Board of Directors at its 2015 meeting May 16 in Washington, D.C., approved a partnership between NAR and its wholly owned subsidiary Realtors Property Resource® and another company, UpStream RE, LLC, to create a data entry and collection system for the brokerage community using the RPR® advanced Multi-list platform (AMP™). The system will give brokerages a single place to input their listing data for distribution on multiple platforms online, including Realtor.com, local MLSs, and broker websites. The initiative will be funded using NAR operating reserves over 36 months, at a net amount not to exceed $12 million.
The Board of Directors meeting closed out the 2015 REALTORS® Legislative Meetings & Trade Expo, attended by 8,000 REALTORS® and guests. The weeklong meetings included hundreds of visits by REALTORS® to their members of Congress to advocate on behalf of the real estate industry.
Prior to the vote on the data entry system, NAR CEO Dale Stinton described this latest initiative as an important strategic “pivot” for NAR and RPR® that helps brokers maintain control of their listing data while accomplishing long-sought technology objectives of real estate brokerage companies, MLSs, and associations by creating a single back-end entry point for all listing data that is then distributed to all the end-points identified by the broker.
The data entry system is explained in a video on REALTOR.org. Access that now.
Before the board vote on the new system, NAR CEO Dale Stinton provided an historical perspective on the association’s strategic initiatives.