Big Initiatives Now in the Light: Approval of Nationwide Broker Data Entry System

Dear NNRMLS Members,

If you have been following the latest news from NAR, Inman News, and other blogs, you know that some big initiatives that had been speculated upon for many months have now come into the light.

As reported by the National Association of REALTORS,

“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.”

To a brokerage that spans multiple markets, using Upstream could mean one listing input that could then pull all their listing inventory information, regardless of MLS market area, easily and securely to its various selected destinations including the brokerage back office system, the local MLS, broker IDX site and even 3rd party portals. It is easy to see the benefit to that brokerage. It is more difficult to measure the impact that these initiatives may have on our entire industry. We will continue to learn more as the project unfolds.

NNRMLS supports innovation that improves efficiency and success for our members. As you know the mission statement of NNRMLS is to “Keep the member central to the real estate transaction.” So we are hopeful that these new players will deliver efficiency that enriches the real estate transaction. NNRMLS will continue to disseminate accurate and timely listing data to our members.

Below are several resources and blog posts on this topic.

Project Upstream Revealed; by Victor Lund http://waves.wavgroup.com/2015/05/14/project-upstream-revealed/

RESO Ain’t No Pooh-Pooh; by Michael Wurzer
http://www.flexmls.com/blog/reso-aint-no-pooh-pooh/

2015 NAR Midyear Legislative Meetings: Quick Takes, Without Much Thought; by Rob Hahn
http://www.notorious-rob.com/2015/05/16/2015-nar-midyear-legislative-meetings-quick-takes-without-much-thought/

NAR Board Approves Nationwide Broker Data Entry System; NAR, Compiled by Robert Freedman
http://ebm.enews.realtor.org/c/tag/hBVV3cUB8fW5BB9BvSXAABqoHvR/doc.html?t_params=EMAIL%3Dteresa%2540nvar.org%26PROFILE_ID%3D1705873&om_rid=AABqoH&om_mid=_BVV3cUB9BvSXpj&om_ntype=SpecialINS

Brokers bite back at the machine; by Brad Inman
http://www.inman.com/2015/05/18/brokers-bite-back-at-the-machine/?utm_source=20150518&utm_medium=email&utm_campaign=dailyheadlinespm

 

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About Shelley Specchio

Shelley Specchio, CEO of the Northern Nevada Regional MLS, was hired in December 2008 into her current position. Previously Shelley held the position of Vice President of Sales and Marketing, a position she accepted upon the forming of the Regional MLS in 2003. Shelley began her career within the REALTOR® family in 1994, producing a popular bi-weekly real estate publication as a Member service of the Reno/Sparks Association of REALTORS®. She proudly sits on the Council of Multiple Listing Services (CMLS) Board of Directors, holds a position on NARs MLS Issues and Policies Committee, and serves on the Board of Directors of HomeFree Nevada, the non-profit sponsor of Home Performance with ENERGY STAR™ for the State of Nevada.

2 thoughts on “Big Initiatives Now in the Light: Approval of Nationwide Broker Data Entry System

  1. I really want the Nationwide Broker Data Entry System to be a good thing…and it should be in “concept”; as long as regional MLS’s are able to provide ongoing operations guidance and recommendations to the NBDES. Its a well-known fact that nobody manages Brokers’ data better than an MLS!… especially a CMLS MLS!

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