I was going through my Google Reader account kind of late today and saw a bunch of buzz about NAR announcing a national property data base called “RPR” (REALTORS Property Resource). According to NAR, RPR is an online real estate library/archive that will provide real estate professionals with data on every property in the United States. From what I was reading, this platform will be the best tool on the market for REALTORS and could possibly make your local MLS irrelevant.
I would go more in depth about what I read but “The Notorious R.O.B.” did an awesome job with his break down, check out his article: The Coming Civil War in Real Estate: The RPR Saga Begins
Here are also a few other links to other discussions that I found interesting on this topic:
Breaking News: NAR/RPR + Cyberhomes =
RPR Madness! NAR unleashes national property database with Cyberhomes
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Thank you for putting up this post. I have been hearing about this but did not know the specifics. I am all for shaking up the industry and this sounds like it will be an excellent tool. I of course have many questions and will stay on top of your updates.