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Connecting the REALTOR® and the Mortgage Lender

September 13 2012

rpr ceo update 9 12

Since RPR's formation as an Advisory Board in 2008, and its subsequent evolution into NAR's wholly owned technology corporation in 2009, we have had two main objectives.

  1. Create a national database designed to reinforce the core competencies of NAR's one million REALTOR® members through cutting-edge technology with advanced analytics and dynamic reports that agents and brokers can provide to their clients and customers.
  2. To provide accurate and timely information from this REALTOR® owned and operated technology system to the governmental agencies and lending institutions tasked with providing much-needed liquidity for home financing.

Today, RPR is available to the majority of NAR's REALTOR® members. In 2011, RPR began to place greater focus on the communications and relationships needed to engage the entities responsible for mortgage liquidity. With the support of NAR's Washington D.C. based Legislative Staff, RPR has been participating in numerous meetings with various governmental agencies and financial institutions. The purpose is to provide them with advanced analytics and valuation tools created by RPR to reinforce confidence in property valuations. This has the potential to bring stability to the market and thereby provide more capital to the housing industry.

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