The National Association of Realtors’ (NAR) controversial wholly-owned subsidiary, Realtors Property Resource (RPR), has suspended its Advanced Multi-List Platform (AMP) project, in order to “reduce costs by several million dollars in 2018 and allow greater focus on its core initiatives,” the 1.3 million-member trade group announced today in a news release.
AMP was designed to be a back-end multiple listing service database for small and medium-sized MLSs. NAR’s board of directors approved $12 million in funding for it and a separate, but related project for centralized real estate property data called Upstream in May 2015.
AMP was to be based on the latest data standards and would be able to connect to any standards-based “front end” chosen by real estate brokers. Front ends are the agent-facing part of the MLS, where agents enter and edit their listings and perform comparative market analyses and other functions.
Currently, MLS front-ends and back-ends are combined an…
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