MarketLinx® Finalizes Agreement With CVAR


October 11, 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 that the Central Valley Association of REALTORS (CVAR) has joined the growing roster of real estate customers now utilizing MarketLinx’s TEMPO MLS software.

CVAR recently signed a multiyear contract to become MarketLinx’s third California-based client, along with the Southern California MLS and SANDICOR, Inc.  This brings the total number of California Realtors using TEMPO MLS software to over 51,000.  Installation of CVAR’s standalone TEMPO system is planned for mid-October.  CVAR has more than 2,500 members, primarily serving California’s San Joaquin and Stanislaus counties.  

John Whitney, CVAR’s director of MLS Services, said: “As the market in the Central Valley has become increasingly competitive, the Central Valley Association of REALTORS has chosen to incorporate the tools and services of the nation’s leading real estate software provider into our portfolio.  By implementing TEMPO, we are providing a new and highly flexible suite of applications for our member organizations. We look forward to providing an increased level of service to our members, and more homeownership opportunities to people in the Central Valley in the future.”

“We have a great deal of respect for the strong technical skills of the members of CVAR,” said Thad Shows, vice president of software development for MarketLinx.  “Of paramount importance to MarketLinx is our research and development efforts, aimed at ensuring that our product is state-of-the-art.  It is a testament to the quality of TEMPO that an organization such as CVAR has chosen our product to fill its needs.”

About CVAR

The vision of the Central Valley Association of REALTORS is “to grow the Association to fit the needs of today's Realtor; to guarantee to serve its members and affiliates with care and understanding; to provide more extensive, higher quality services at the most reasonable price through the use of leading edge technology and a highly skilled staff; and to assist members in serving the public with the highest degree of ethics and professionalism in all matters related to real estate.”  Find more information about CVAR by calling (209) 858-1700 or by visiting their Web site at www.cvar.org.

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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