RPR signs MRED, Expands Coverage
Chicagoland-based Midwest Real Estate Data signed on with REALTORS Property Resource® in July to integrate its listing data with RPR’s national database of more than 160 million properties.
“At MRED, we strive to offer technological solutions to our customers that not only provide them with enhanced property information but simultaneously promote professionalism to their clients and prospects,” MRED CEO Russ Bergeron said in a statement. “RPR fits the bill on both counts.”
A total of 550 MLSs, associations, and commercial information exchanges representing 75 percent of REALTORS® have licensed their data to RPR.
New property valuation tool rolled out
RPR also announced that its new property valuation tool—the Sales Comparison Analysis and Valuation Workbook—is out of beta testing and available to all members across the country.
This new tool is designed to help members create in-depth reports—beyond a typical CMA—using neighborhood trends. The five-step process begins with confirming or adjusting the facts of the subject property and then searching for and selecting comps. After adjusting and weighting the comparable properties, RPR generates a Sales Comparison Analysis result that summarizes the valuation analysis and range for the property. At this point, the user generates a Valuation Workbook—a rich report on the facts and trends that support the comparison analysis.
For more information, visit blog.narrpr.com.