If you attended NAR’s Midyear meetings in Washington, D.C. last week, you probably heard about RPR’s progress on a number of fronts: we now have more than a thousand Realtors beta testing in twelve MLS markets, including a mobile application in Charlottesville, Virginia, and we have signed licenses with almost four dozen MLSs, comprising more than 210,000 Realtors, or more than 18% of NAR’s Realtor membership. We’ve come quite a way since the company was announced last November; of course, much remains to be done.
One of the outcomes of all of the MLS content licensing activity has been a number of changes to our agreement that were negotiated by different MLSs. Some of these changes were posted to our blog back in February. Today, we are releasing even more.
Our reasons for doing this are simple: we believe that each of our MLS licensors should have the benefit of improvements made through discussions with any of the others. The revised document is posted below. Separately, we will also provide an amendment to “catch-up” our current licensors on all of these changes as well; if you represent one of these MLSs, our Industry Relations representatives will be reaching out to you with the amendment.
Here is an overview of the key changes:
- More specific definition of the RPR Website, RPR Offerings, the Realtors Valuation Model (RVM), and the Match & Append service
- Expanded definition of MLS Services
- Revised the definition of authorized RPR Website users to REALTOR® and REALTOR-ASSOCIATE® members only
- Added Most Favored Status provisions related to product functionality, and any future potential payment of fees or revenue sharing
- Offered to provide licensor MLSs with a quarterly report on RPR Customer activities
To arrange a presentation or discussion of RPR with your MLS, please contact email@example.com.