For the first time, the 7,500 members within the San Francisco Association of Realtors (SFAR) and East Bay Regional Data (EBRD) will be able to share data about homes for sale, which are not listed on any MLS (multiple listing service).
Many cities are experiencing increasing numbers of listings selling even before they are even listed on the MLS, something which Resaas’s RealTimeMLS sought to address, the company said.
Tom Rossiter, president at Resaas, told investors: “The channels agents had access to previously were inefficient and unbalanced, allowing Resaas’s technology to provide a solution that real estate associations are calling out for.
“Associations need to meet the needs of a changing marketplace and need to keep innovating.
“RealTimeMLS provides a more comprehensive view of regional housing inventory, including the ability to compare current for-sale properties against what will soon be available.
“We are proud to support the first two associations to take this step forward together, SFAR and EBRD, and provide the foundation for an agent-only, nationwide premarket listing service.”
“This agreement to share premarket listing data with our neighbours who use RealTimeMLS will ensure that we do not end up with many fractured markets,” added Walt Baczkowski, chief executive officer at SFAR.
“Agents in the greater San Francisco Bay area expect access to data without artificial barriers, and this is an important step.”
RESAAS brings real-time technology into the business of real estate and last week shares shot up after it announced a deal with Keller Williams, the largest real estate franchisor globally based on agent count.
Story by ProactiveInvestors