There’s a new acronym to add to your vocabulary – RPR.  Not too long ago I reported in a post that there is no national database of houses for sale.  Now comes word from our National Association of Realtors® that they are working on RPR.  What’s that you say?

“The National Association of Realtors® has acquired technology to create a database of all properties in the U.S. so Realtors® can better assist consumers in a high-tech, fast-paced business world.

The technology acquisition includes licensed data and secured data aggregation services from LPS Real Estate Group, a wholly owned subsidiary of Lender Processing Services Inc. (NYSE:LPS), a leader in real estate technology. NAR will use the assets to develop the Realtors® Property Resource™, a parcel-centric information database covering all of the more than 147 million property parcels in the country as a resource for NAR members. NAR is planning to launch RPRTM in the second quarter 2010.

‘Realtors® are the first, best source for real estate information, and the RPR™ is another emphatic feature to that resource. RPR™ will give Realtors® nationwide data on all properties at their fingertips so they can respond quickly to consumers interested in residential and commercial real estate. This is exciting news and a terrific NAR member benefit. NAR is committed to keep Realtors® central to the transaction and to the buying and selling experience with their clients and customers,’ said NAR President Charles McMillan.

RPR™ will provide nationwide access to public record information such as tax and assessment data, liens, zoning, permits, environmental information, and information on neighborhoods, school district and community demographics, along with advanced search features for property searchers, as well as market-to-market comparisons and referral opportunities not currently available.”

Obviously there have been debates across the U.S. as to whether this will in fact be a good thing for consumers.  There are also those pessimists who feel that the Realtor® model will disappear.  Frankly, I don’t think that will happen.  I think providing information to consumers to assist them in making good decisions is always what a Realtor® should be doing.  That’s the main reason and foscus of why I write this blog.

Further, if you’ve been reading my blog, there’s a lot involved in purchasing any kind of real estate investment that includes knowledge of laws, rules, regulations, etc. and the one thing that always comes into play is emotion whether a buyer or seller feels they are emotionally involved or not.  As a Realtor®, I have the training, knowledge, experience and education to assist in keeping my buyers and sellers informed and on track towards making the best decisions for them.

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