NAR Takes Step Forward with National Property Database

At the September 17, 2008, the National Association of Realtors® Board of Directors authorized NAR to work with a technology company to create a Realtors®-controlled national database or “library” of property data that would provide members-only access to detailed information on all properties in the United States.

The repository, which NAR is calling a "digital library/archive," would be revenue neutral but could eventually be fee-based to cover operating costs. In a report preceding the vote, NAR CEO Dale Stinton emphasized that the repository will not be a national MLS. There will be no offers of cooperation or compensation, nor any attempt to create a national online marketplace for property listings. The database also will be accessible to REALTORS® only, with no consumer-facing components.

You can real more about the NAR National Property Database here.