Over half the Realtors in Florida can now access the National Association of Realtors®’ (NAR) database of all U.S. property – Realtors Property Resource (RPR) – through a partnership with RPR and their local MLS.
“Florida's Realtors continue to embrace RPR,” says Kristen Carr, RPR’s senior market manager for the Southeastern U.S. “We’ve seen a great increase in usage among membership over the last few months. Our goal is to give all Florida’s Realtors access by the end of 2012.”
RPR is owned by NAR and can be used only by Realtors. NAR sees RPR as a way to help Realtors stay at the core of every property transaction by being the most reliable source of market information in the face of rapidly expanding Internet technology.
At its heart, RPR is a massive database of all U.S. homes that will grow and expand over time. It currently taps into available public data, including tax assessment information, details of prior transactions and sales history, zoning, permits, mortgage and lien data, FEMA flood maps, neighborhood and school district boundaries, and “the largest database of foreclosure information by county in the industry.”
However, RPR works best if a Realtors’ local MLS participates in the program, says Carr.
“All Realtors will be able to retrieve the publicly available info on a property, but RPR works best when it operates in tandem with an active listing, creating reports and more to help buyers and sellers,” says Carr.
If an MLS chooses to partner with RPR, a Realtor can create individualized home reports that include pricing, mortgage and valuation history. A Realtor can even help buyers estimate the return on investment for any specific improvement project.
Because RPR uses a national database, it can also do nationwide property searches and create market-to-market comparisons for anyone who plans to relocate.
For more information on RPR or to sign up, visit the RPR website.
Source: Florida Realtors®