ROCKVILLE, Md.--(BUSINESS WIRE)--REdistribute, an MLS joint venture that collects and distributes MLS data for institutional use, has launched the most accurate and current real estate information database available in the country. The ability to efficiently provide information about home listings, sales and detailed property attributes in a rapidly changing market brings significant value to housing related businesses. REdistribute enables these businesses to innovate on cleaner, more timely data on a modern technological architecture to better serve consumers.
REdistribute aggregates and distributes data on behalf of participating MLS organizations and their broker participants. The data is sourced directly from the MLS community on a daily basis. Often, institutions involved in the mortgage, property technology and insurance industries source real estate listing, sales and property data from public records where data can lag several weeks or months from the time of the transaction to the time the property record is processed. In contrast, REdistribute pulls data from participating Multiple Listing Services where real estate agents must promptly update property listings for changes.
“REdistribute has disrupted the traditional real estate data collection and distribution model, while simultaneously bringing innovation to the property data market,” said Matt Casey, President and CEO of CRS Data. “We are excited to have the opportunity to evaluate the REdistribute solution as part of CRS Data’s overall growth strategy.”
REdistribute has harnessed the data directly from the participating brokers and MLS organizations. With REdistribute, the brokers and MLSs benefit from full transparency on how the data is being used, while simultaneously enabling housing related industries make better decisions to the benefit of consumers.
“REdistribute is the best resource for timely and accurate property listing data available in the country today,” said Amy Gorce, Acting CEO of REdistribute. “We are thrilled to have the opportunity to deliver more value to brokers and MLS organizations while also bringing value to institutional buyers of MLS data by offering the ability to license the data directly from the source.”
MLS listings hold the most desirable data available because data collection rules are enforced by the MLS. Real estate agents contribute accurate details that enhance the ability to sell a property; they are motivated to keep the data precise, timely and unbiased. Licensing and access to REdistribute data is available now for many of the top markets in the country with coverage growing every day.
REdistribute is a joint venture amongst some of the largest MLSs in the country that changes how MLS data is collected and packaged for institutional use. REdistribute will aggregate data on behalf of participating MLS organizations and brokerages, providing mortgage, insurance and other housing related businesses with unbiased, up-to-date MLS data directly from the source. Revenue generated by REdistribute will be shared with participating MLSs, that allows them to add even more value to their participating brokers. For more information, visit www.redistribute.com.