BRENTWOOD, TN, April 10, 2018 — The MLS Grid, of which RealTracs Inc. is a founding member, has officially launched in its first market. Midwest Real Estate Data (MRED), which services the Chicagoland area, was selected as the first organization to receive MLS Grid service. Carolina MLS in Charlotte, NC and then RealTracs will soon follow, along with other markets as part of a nationwide effort to make MLS listing data more readily available. The MLS Grid platform removes barriers related to accessing multiple listing service data for real estate brokers and their vendors by providing a consolidated source of IDX and VOW information with a single, universal license agreement.
The MLS Grid was founded in 2016 as a cooperative venture between eight MLS organizations. Today, this network has grown to include ten large MLSs, providing service to more than 200,000 real estate practitioners throughout the country. The current MLS Grid network comprises Austin MLS (Texas), Carolina MLS (North andSouth Carolina), Heartland MLS (Kansas City), MARIS (St. Louis), MIBOR (Indianapolis), MRED (Chicagoland), MyFloridaRegional MLS (Central Florida), Northstar MLS (Minnesota), Northwest MLS (Seattle), and RealTracs (Tennessee).
“RealTracs, which serves brokers in Middle Tennessee, Southern Kentucky, and Northern
Alabama, is one of the founding members of MLS Grid and is excited to announce the launch of this exciting and collaborative effort,” said RealTracs President & CEO Stuart White.
The MLS Grid compiles data directly from MLSs to create the single data feed, unifying compliance, display, and usage standards to ease the distribution process for all involved.
“This is an immensely exciting day for the real estate industry,” said MLS Grid CEO Joseph Szurgyi. “We’re tearing down all the roadblocks that once stood in the way of data access and efficiency.”
REALTRACS GOES PLATINUM IN MUSIC CITY
In addition to, and in support of, MLS Grid, RealTracs is also pleased to announce their Real Estate Standards Organization (RESO) data dictionary Platinum Certification. The Data Dictionary serves as the real estate industry’s “Rosetta Stone” for real estate data and ensures technology providers will be able to interpret the data the same way regardless of the MLS from which it is procured.
RealTracs Chief Technology Officer, Doug Powers, the force behind RealTracs’ RESO certification, echoed that statement. “Every market is different, but we all have bedrooms and bathrooms. Where we can agree to a standard, we can simplify the organization, delivery, and presentation of data for the products and brokers that transcend markets.” So, in true Nashville, Music City style, what better way to mark the occasion than our very own RealTracs/RESO inspired record?
ABOUT MLS GRID
The MLS Grid is an MLS-owned company that provides a unified data platform based on RESO Standards as well as a single license agreement, all for the benefit of brokers. The MLS Grid is currently comprised of ten large MLSs across the USA that jointly represents more than 200,000 subscribers. Members include Austin MLS (Texas), Carolina MLS (North and South Carolina), Heartland MLS (Kansas City), MARIS (St. Louis), MIBOR (Indianapolis), MRED (Chicagoland), MyFloridaRegional MLS (Northern Florida), Northstar MLS (Minnesota), Northwest MLS (Seattle), and Realtracs (Tennessee). For more information visit MLSGrid.com.
RealTracs was established in 1996 and is owned by seven REALTOR® associations. RealTracs provides multiple listing service, data aggregation, training, and support in Middle Tennessee, Southern Kentucky, and Northern Alabama for more than 13,500 users in over 1,400 offices. RealTracs is dedicated to the delivery of quality products and services to its customers, both internal and external, through a system of core values that are the basis for every decision and standard of service throughout the organization.