Realtors Property Resource® Suspends AMP Program, Announces Multiyear Funding Cuts
Thursday, February 1, 2018
The Realtors Property Resource®, a wholly owned subsidiary of the National Association of Realtors®, has suspended its Advanced Multi-List Platform, or AMP, project to reduce costs by several million dollars in 2018 and allow greater focus on its core initiatives. RPR will begin winding down AMP operations immediately.
The decision to cut funding for AMP, an open architecture platform that provides customized back-end technology services for small- to mid-size multiple listing services, was made by NAR CEO Bob Goldberg, and endorsed by NAR’s Leadership Team and RPR’s senior management, as part of an organizational review of NAR and its subsidiaries, including RPR. NAR recently announced an organizational realignment to become a radically member-centric organization.
As part of its cost reduction efforts, RPR is also taking action to reduce its overall operating costs by at least 20 percent in 2019; those savings will be reallocated to help fund other higher priority NAR initiatives. NAR and RPR senior management will be working together closely over the coming months to conduct an in-depth review of RPR’s activities to identify and achieve those cost saving measures, as well as further optimizations and expense reductions over the coming years.
“I vowed a full review of the organization and its programs when I assumed the role of CEO to ensure we provide the best value to our members. Suspending funding for AMP will allow RPR to refocus its resources on delivering the best user experience to Realtors®,” said NAR CEO Bob Goldberg. “NAR will continue offering its full support to the MLS and MLS-vendor community as it moves toward an environment that fosters greater innovation and allows for faster and easier technology integration.”
RPR, which currently has data licensing relationships with 95 percent of the nation’s MLSs, will continue to provide its custom data tools and market reports to Realtor® on more than 166 million parcels of residential and commercial property across the U.S. through its website and mobile app.
“RPR’s goal has always been to support the core competence of its members by creating a national platform of property information; suspending AMP development allows RPR to refocus on that mission and our core member benefit products, as well as ensure delivery of Upstream so that brokers have more control over their listing data,” said RPR CEO Dale Ross.
Last year, NAR’s board of directors approved funding for Upstream through 2018; however, beginning in January 2019 Upstream will assume all costs and be responsible for determining future funding and program direction.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.
*CMLS posts press releases and other items from member organizations and other partners; and posting does not indicate endorsement. Please see posting guidelines here. This release, Realtors Property Resource® Suspends AMP Program, Announces Multiyear Funding Cuts, was published on the National Association of REALTORS website.