Digital gamble results in small payoff for Realtors
- November 30, 2012 |
- Walt Williams
The National Association of Realtors has sunk $58 million into a national property database that contains more information than all the printed materials in the Library of Congress, but at the moment, it's too small to turn a profit, according to association officials. The Realtors Property Resource was conceived in 2008 to serve as a source of information on any piece of property in the nation. Association members can access the data for free, but NAR planned to have RPR pay for itself by selling the information to large banks, Wall Street and government institutions such as the Treasury Department. RPR currently covers around 70 percent of U.S. properties, but for some… Read More