14 West Hawaii Real Estate | February 16, 2018
Realtors Property Resource announces
multi-year funding cuts
The Realtors Property Resource, a wholly
owned subsidiary of the National Association
of Realtors, has suspended its Advanced
Multi-List Platform, or AMP, project to
reduce costs by several million dollars in 2018 and
allow greater focus on its core initiatives. RPR will
begin winding down AMP operations immediately.
The decision to cut funding for AMP, an open
architecture platform that provides customized
back-end technology services for small- to mid-size
multiple listing services, was made by NAR CEO
Bob Goldberg, and endorsed by NAR’s Leadership
Team and RPR’s senior management, as part of
an organizational review of NAR and its subsidiaries,
including RPR. NAR recently announced an
organizational realignment to become a radically
member-centric organization.
As part of its cost reduction efforts, RPR is also
taking action to reduce its overall operating costs
by at least 20 percent in 2019; those savings will be
reallocated to help fund other higher priority NAR
initiatives. NAR and RPR senior management will
be working together closely over the coming months
to conduct an in-depth review of RPR’s activities to
identify and achieve those cost saving measures, as
well as further optimizations and expense reductions
over the coming years.
“I vowed a full review of the organization and
its programs when I assumed the role of CEO to ensure
we provide the best value to our members. Suspending
funding for AMP will allow RPR to refocus
its resources on delivering the best user experience
to Realtors,” said NAR CEO Bob Goldberg. “NAR
will continue offering its full support to the MLS
and MLS-vendor community as it moves toward an
environment that fosters greater innovation and
allows for faster and easier technology integration.”
RPR, which currently has data licensing
relationships with 95 percent of the nation’s MLSs,
will continue to provide its custom data tools and
market reports to Realtor on more than 166 million
parcels of residential and commercial property
across the U.S. through its website and mobile app.
“RPR’s goal has always been to support the core
competence of its members by creating a national
platform of property information; suspending AMP development
allows RPR to refocus on that mission and
our core member benefit products, as well as ensure
delivery of Upstream so that brokers have more control
over their listing data,” said RPR CEO Dale Ross.
Last year, NAR’s board of directors approved
funding for Upstream through 2018; however,
beginning in January 2019 Upstream will assume
all costs and be responsible for determining future
funding and program direction.
The National Association of Realtors, “The
Voice for Real Estate,” is America’s largest trade
association, representing 1.3 million members
involved in all aspects of the residential and commercial
real estate industries.
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Christina Sotelo, BA
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Vice President | Hawaii
License No. RB-21953
Leasing Services – Island of Hawaii
Direct +1 808 987 7722
Main +1 808 524 2666
debbie.parmley@colliers.com
For details on all listings visit, DebbieParmley.com
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link
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