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REinventing MLS

Tag Archives: MLS

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 www.MREDLLC.com.

MRED Extends Winning Streak With Rollout of MLS Data Co-op™

Chicagoland MLS Giant Continues to Reinvent MLS

LISLE, IL–(Marketwire – Oct 25, 2012) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that the MLS Data Co-op™, from CoreLogic, the provider of the Realist™ public records platform, has gone live with what will eventually become a major listing content cooperative.

Providing MRED customers with a wealth of information with which to enhance their already powerful real estate database, the MLS Data Co-op™ presents users all the information they need on a single screen with access to all MLS listings through a sophisticated map-centric interface. The Co-op delivers valuable property data and reports such as RealAVM™ valuations, tax records, listing history, nearby schools, neighborhood data, community demographics, real estate trends, foreclosure information and more. MLS Data Co-op™ works with all popular browsers and platforms, and uses a common format for listings across MLSs without sacrificing locally unique data values.

While initially only for use with MRED’s own listing content, MRED plans to open up reciprocal access with well over 100 other MLSs which have already joined the Co-op. This will quickly lead to MRED’s real estate professionals having access to listings from across the country and Canada, not only giving them the ability to widely market their listings, but opening a doorway for them to expand their referral networks.

The MLS Data Co-op™ is not a public-facing web site, but is reserved for use by real estate professionals, thus providing access to more detailed listing content and far more data than available on the consumer oriented websites.

“MRED agents are expected to have the most complete information and very best technology at their fingertips,” said MRED’s Chief Executive Officer, Russ Bergeron. “The MLS Data Co-op provides terrific search and reporting functionality and will give brokers the ability to market their properties throughout North America. This fits perfectly with our continuing mission to provide our customers with the best and most cutting-edge products and services in the 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 www.MREDLLC.com.

Riding the Trillion-Dollar Real Estate Recovery Roller Coaster

Cool infographic relating the real estate market to roller coasters from Realestate.com

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.

http://www.illinoisrealtor.org/magazine/10_2012shortsales

Sales of Distressed Properties on Two-Month Upswing

After a few months of declines, sales of Chicago-area homes that were either foreclosed or sole for less than the value of the mortgage increased in both July and August.

http://www.chicagomag.com/Radar/Deal-Estate/September-2012/Sales-of-Distressed-Properties-on-Two-Month-Upswing/

MRED Begins the Season With a Win

Fans Respond Positively to the New Look and Enhanced Functionality of MREDLLC.com

LISLE, IL–(Marketwire – Sep 13, 2012) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced that the new MREDLLC.com has been successfully launched and is enjoying a great reception from MRED real estate professionals.

This redesigned website gives real estate professionals across the Midwest a more interactive and user friendly site with which to learn about the extensive suite of products and services provided by MRED, including easy access to its workhorse MLS system, connectMLS™. This new site is the place to find tools Realtors® can use, and to discover all the information and training on how to use them.

“Love it,” said Debbie Marwitz of Coldwell Banker Honig-Bell in Cary. “Everything you need is right there in front of you. Love the ‘top stories’ scrolling at the top and the direct link to connectMLS™. The bottom quick clicks which take you right to the answers — home, statistics, training, etc. — awesome! This site is so easy to navigate. GREAT job! Thanks for all your work on this!”

“OK, so my head is now spinning with this new website,” said Kathy Przybyla of RE/MAX of Barrington. “All of the wonderful options you have given the Realtor® community — thanks!”

Users find the new MREDLLC.com to be easy to navigate and very user friendly. The tabs across the top of the site give the visitor quick and easy access to general information on various topics. The powerful search feature allows you to enter a keyword and all documentation, links and information matching that keyword will be immediately available and accessible.

“I noticed the change right away and I am very pleased with it,” said Valerie DeMarco, of Prudential Starck Realtors in Palatine. “I think that the folks behind MRED have worked diligently to bring us the best MLS service out there. I love my MLS! I like that I can access different feature information right from the home page… and it is more visually appealing than the old website.”

“I thought it was neat to learn about the power search feature that I have not paid attention to while on connectMLS™,” said Bob Little, Jr., of Little Realty in Naperville. “I like that there is a ton of information that is easy to find and the housing statistics are something I can show clients without having to do a lot of prep work. Keep up the good work and continually improving the website.”

Not only are practicing real estate professionals giving the new website high marks, but their staff members are also experiencing the benefit of a cutting-edge MREDLLC.com.

“I think it is just great,” said Linda Kous, Lead/Listing Coordinator for The G-Slow Team in Frankfort. “As an assistant there are many times I have questions and the agent is not handy so it is nice to have a resource that is so easy to read visually and ‘user friendly’. I read all the tips sent from MRED as they come but it is nice that now they are indexed so you can go back when you need them and review — the “How To” section especially! You guys are always making our work life easier. Thanks.”

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 www.MREDLLC.com.