REinventing MLS . . .

Tag Archives: Midwest Real Estate Data

Gen X & Y and Homeownership

Check out this infographic showing what Gen X & Y believe to be indicators of success from KCM Blog.

Donate to NAR’s Relief Efforts

NAR is collecting donations to assist those affected by Hurricane Sandy. Click HERE to make a donation.

Should you have further queries, you can contact NAR at 800-874-6500

The Yin & Yang of Inbound Marketing

Are you leveraging both social media and search in your inbound marketing efforts? Read about the correlation between Social Media and search in this post HERE. This infographic provided by InvestmentPal Blog.

MRED CEO Elected to 2013 RESO Board of Directors

Chicagoland MLS Giant Is First Charter Member
of the Real Estate Standards Organization

LISLE, IL–(Marketwire – Oct 30, 2012) –  Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that its Chief Executive Officer Russ Bergeron has been elected to the 2013 Board of Directors of the Real Estate Standards Organization (RESO).

RESO is a group of real estate organizations working together to develop and implement data standards and processes that support innovation, ensure portability, eliminate redundancies and obtain maximum efficiencies for all parties participating in the real estate transaction. RESO’s ultimate goal is a fully automated real estate transaction facilitated by data standards and processes accepted by real estate professionals everywhere.

The Real Estate Transaction Standard (RETS) is a common language spoken by systems handling real estate information, such as multiple listing services (MLSs). Most of RESO’s work currently involves RETS and data definitions to be utilized within RETS. Standardization of data fields and ease of portability of data are of the highest priority to MRED and other MLSs for efficiency of data delivery and the minimizing of expense related to these activities.

“MRED has demonstrated its commitment to RESO and the work it is doing to create accepted data standards and processes by being its first Charter Member,” said Bergeron. “I am thrilled to be elected to the RESO Board of Directors and look forward to directly supporting its very worthy mission and initiatives.”

In addition to the 2013 RESO Board, Bergeron was recently elected to serve on the Council of Multiple Listing Services (CMLS) Board. “It is important that MRED has a ‘seat at the table’ and participates in organizations shaping the future of real estate, like RESO and CMLS,” added Bergeron. “It is gratifying personally that I have been given the opportunity to extend MRED’s influence throughout the real estate industry.”

About MRED

Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to nearly 40,000 brokers, agents and appraisers and 8,000 offices. MRED serves Chicago and the surrounding “collar” counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana. For more information, visit

Riding the Trillion-Dollar Real Estate Recovery Roller Coaster

Cool infographic relating the real estate market to roller coasters from

Putting the Short in Short Sales

The times may be changing for transactions involving distressed properties as more banks become open to short sales and federal and lender changes are put in place to make them more attractive and efficient.