WASHINGTON, DC-Interealty Corp., a technology provider for the real estate industry, has unveiled a product designed to help organizations that provide multiple listings of real estate properties. The Vienna, Va.-based company said its technology would help companies comply with a policy enacted by the locally based National Association of Realtors. NAR's policy provides standards of Internet data exchange that these multiple listing services must implement by January 2002.
With the technology, MLS providers will be able to display their own listings as well as listings of competing brokers, in essence providing a one-stop shopping site for buyers.
The company says data is provided in real-time, and it will host the entire infrastructure, relieving service providers of investing in new hardware or software, and search criteria and methods of displaying the data can be customized by the particular provider.
Interealty reports that several providers are using or will use its technology, including the Austin Board of Realtors, Southeast Florida Regional MLS and the Greater Las Vegas Association of Realtors.
Officials from neither Interealty nor the National Association of Realtors were immediately available for comment. Interealty is a unit of Canada's Geac Co.
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