MLSs merge

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4 MLSs Merge in Illinois, Iowa

July 17, 2018

Four REALTOR®-owned MLS systems announced a merger on Monday to consolidate into one new multiple listing service and commercial information exchange that will span its range across Illinois and Iowa.

Capital Area REALTORS® MLS, Egyptian Board of REALTORS® MLS, Peoria Area Association of REALTORS® MLS, and Quad City Area REALTOR® Association are all merging to form the new RMLS Alliance LLC.

“After extensive discussions and due diligence, we’re excited about the wealth of possibilities this new alliance offers,” says Ed Mahoney, 2018 Capital Area REALTORS® president. “We believe that providing our members with greater access to technology tools and resources in a constantly evolving industry is needed to compete in today’s real estate market and better serve the consumer.”

The new entity will span 61 counties that covers about 30,000 square miles—nearly half of the land mass of Illinois and a portion of Iowa. It plans to serve more than 2 million consumers.

“Our new regional MLS will enhance the local real estate market, as well as our REALTORS® who work within its borders,” says David A. Levin, president of the Quad City Area REALTOR® Association. “Reorganization of multiple listing services have continued to bring REALTORS® closer to their client’s needs. Our world keeps getting smaller and better utilization of expertise from a wider field of professionals can only make our REALTORS® better, smarter, and more productive.”

Source: 
RMLS Alliance