"Bits and pieces of market data are available everywhere, but what's missing is a comprehensive single source of high-quality, up-to-date, verified property data," says Woodward Hanson, president of the Appraisal Institute, which is based here.

PropertyFirst's president John Stanfill estimates that real estate professionals spend as much as 40% of their time gathering information. He believes that PropertyFirst's new deal with the Appraisal Institute will transform the way business is done in the real estate industry by saving time and money.

PropertyFirst provides web-based platform and services solutions for the real estate industry. The company has strategic alliances with CB Richard Ellis and Cushman & Wakefield, among others.

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