According to ""MLSListings, Inc."":http://www.mlslistings.com, headquartered in Sunnyvale, California, it is one of the first multiple listing service (MLS) organizations in the country to make ""Realtors Property Resource"":http://www.realtor.org/about_nar/realtors_property_resource (RPR) available exclusively for its members.[IMAGE]
RPR is the ""National Association of Realtors'"":http://www.realtor.org (NAR) online real estate database, providing Realtors with data on ""every parcel of property in the United States,"" according to the trade group. It combines various location-specific public and historic records with licensed MLS data to create a Realtors Valuation Model (RVM), which is said to estimate a home's value in a more targeted and timely way than traditional Automated Valuation Model (AVM) products.[COLUMN_BREAK]
While AVM products are derived from public records only and sold to lending and loan servicing institutions, MLS data creates an automated estimate, according to a statement from MLSListings.
""We believe now more than ever, consumers need Realtors to help them navigate the many sources of information and help them get expert advice on real estate prices and trends,"" said Jim Harrison, MLSListings' president and CEO. ""However, the RVM is not intended to take the place of an appraisal.""
The National Association of Realtors' RPR initiative provides a single entry point for a compilation of tax and assessments data; property data; neighborhood, school, distressed property, and foreclosure data; demographic and psychographic information; and maps, trends and reports.
""As an early adopter of RPR, MLSListings understands the value this resource brings to the real estate community,"" said Dale Ross, RPR CEO. ""Their involvement, beginning as one of 13 beta sites during the development process of the application-and rollout within their own membership-has helped RPR spearhead additional partnerships with more than 100 MLSs nationwide.""
MLSListings currently represents more than 18,000 MLS subscribers in 6,000 firms and more than $70 billion in annual real estate transactions.