MarketLinx® and Arizona Regional MLS Extend Term of Agreement


October 6, 2004, KNOXVILLE, Tenn.

MarketLinx Solutions™, a member of The First American Corporation (NYSE: FAF) family of companies and the leading provider of browser-based multiple listing service (MLS) systems to the residential real estate industry, today announced a 4-year contract extension agreement with Arizona Regional Multiple Listing Service (ARMLS).  MarketLinx has provided its TEMPO™ MLS technology to ARMLS’ 25,500 Realtors® in the Phoenix area since 2002. 

“Throughout our relationship with MarketLinx, its management has demonstrated a strong commitment to providing a state-of-the-art product in their TEMPO system,” said Nick Petra, president of ARMLS.  “With TEMPO’s flexibility and reliability, it remains an attractive product to the ARMLS subscribers. We are confident that its functionality will continue to evolve, serving our needs well into the future.”

Doyal Hodge, MarketLinx’s president and chief executive officer, said: “MarketLinx is very proud that we can continue providing MLS technology to such a progressive organization as ARMLS.  We will work hard to validate the confidence that ARMLS has shown in our company and our product through their renewal.”  


About ARMLS 

The Arizona Regional Multiple Listing Service (ARMLS), incorporated 1982, was one of the first regional multiple listing companies in the U.S.  Its original goal was to provide a single MLS system for Realtors in the Phoenix metropolitan area and to provide other related services for its subscribers.  The ARMLS subscriber base has grown today to over 25,500 Realtors.  The mission of ARMLS today is to provide state-of-the-art, cost-effective and superior multiple listing services, information and programs to advance the professionalism and success of its customers.  For more information on ARMLS, call (602) 955-1707 or visit their Web site at www.armls.com.

About MarketLinx 

MarketLinx began operating as a privately held company in 1996 and was acquired by The First American Corporation in September 2003.  Headquartered in Knoxville, Tenn., MarketLinx employs more than 120 people.  MarketLinx currently provides MLS services to over 310,000 Realtors in 20 states.  Its TEMPO MLS system is used by more major MLSs than any other browser-based software system, supporting MLSs ranging in size from 1,000 to more than 30,000 subscribers, including Realtors in such notable cities as Houston, Atlanta, Phoenix, Memphis, Dallas and San Diego. More information on MarketLinx can be found at www.marketlinx.com.


About First American

The First American Corporation is a Fortune 500 company that traces its history to 1889. As the nation’s largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people’s lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.21 billion in 2003, First American has 29,000 employees in approximately 1,800 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.

 

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