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NAR Announces Realtors Property Resource

The National Association of REALTORS (NAR) recently announced the creation of the Realtors Property Resource (RPR). The online real estate library will catalog every property in the United States. This initiative will provide access to a national database of real property information and will give real estate professionals the best access to real property information needed to serve their clients and customers.
On November 9, 2009, NAR announced it acquired technology to create the database from LPS Real Estate Group, a subsidiary of LPS. Said the press release “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.”
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.

Comments
  1. fred vander wal

    Lovely…….so all the wrong data realtors have been supplying on mls data sheets will now form the basis for some trustworthy data base?
    Let’s see…..there’s a 1600 square foot bi level. Wrong. 800 sf on the above grade and 500 finished below. Go use that data if you can.
    Or….10 acres, 2 story, good quality. oops, forgot to mention the high tension wires running through the property. Excellent data to use.
    Nothing substitutes for an actual trained appraiser going to a property and noting all the features..not to mention actually measuring the house.
    Good luck with the data base Realtors.

  2. I heard that NAR was developing the RVM (Realtor Valation Model). When will this be available? What will be the costs? What will be the reliability?

    Thanks

  3. Jerome Nagy

    NAR is not developing the RVM. NAR’s subsidiary, RPR, is creating an automated valuation model called the RVM. You can get more information at http://blog.narrpr.com/.
    Thanks.

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