NTREIS Renews Multiyear Contract With First American MLS Solutions
—TEMPO™ and Transaction Manager Continue to Deliver Superior Technology to Members of the Sixth Largest Regional MLS in the Country —
July 10, 2006, SANTA ANA, Calif.
First American MLS Solutions, Inc., a division of First American Residential Group and a member of The First American Corporation (NYSE: FAF) family of companies, today announced that North Texas Real Estate Information Systems (NTREIS) has renewed its multiyear service and license agreement of both TEMPO™ and Transaction Manager. First American’s multiple listing service (MLS) and transaction management platforms are an integral part of NTREIS’ multifunctional MLS network, which provides state-of-the-art property listing and administrative tools to the more than 23,000 MLS subscribers of its 16 shareholder REALTOR® associations, including more than 4,000 real estate offices.
“First American’s efforts in creating a truly integrated transaction management and MLS system have resulted in a tool of unprecedented power for our members, and we are pleased to continue our partnership,” said John Holley, chief executive officer of NTREIS. “With First American’s technology, we are able to offer the convenience of single login access to both our MLS and transaction management system. This allows for a seamless transition between the two applications—a big plus for our users seeking increased efficiencies and improved collaboration.”
In late 2003, First American became the exclusive provider of primary MLS services to NTREIS with the implementation of its TEMPO software. First American also began integration of its Transaction Manager technology with NTREIS’ MLS platform. The integration of the two platforms marked the first time a major MLS provider incorporated transaction management directly into its proprietary system. The private-labeled version, NTREIS Transactions, was officially launched for NTREIS subscribers in February 2004.
“NTREIS’ continued partnership with First American is a testament to our excellent service and dependable technology systems,” said Bryan Foreman, president of First American MLS Solutions. “We are very pleased to continue serving the thousands of NTREIS subscribers with the tools needed to respond to the myriad of changes in today’s dynamic real estate market.”
NTREIS is a real estate information and technology solutions provider serving the real estate community in a coverage area exceeding 20,000 square miles in North Texas, including the Dallas-Fort Worth metropolitan area. NTREIS provides information management services to the more than 23,000 MLS subscribers of its 16 shareholder REALTOR® associations, including more than 4,000 real estate offices. In addition to its information management platform, NTREIS researches, develops and delivers various technology products and services through strategic alliances, utilizing a sales and distribution network that includes its shareholder REALTOR associations.
About First American MLS Solutions
First American MLS Solutions, a division of First American Residential Group, was created in 2005 through the combination of First American subsidiaries MarketLinx® Solutions and Interealty. Offering dynamic transaction management and MLS systems and software, First American MLS Solutions provides a full line of products and support services to more than half a million real estate professionals in