CoreLogic (CLGX) announced that the revenue sharing payments from its Partner InfoNet program increased by 66% in 2014, growing to more than $1 million.
CoreLogic’s Partner InfoNet is a proprietary data licensing program that uses aggregated real estate listing data from participating multiple listing services across the U.S. to enhance the accuracy of CoreLogic’s risk management products.
In exchange for participating in the program, the MLSs recieve a share of the revenue from the sale of these risk management products with participating MLSs.
CoreLogic also reported that the program added 11 new members in the fourth quarter of 2014, which brings the total number of participating MLSs to 115.
The new partners are the Greater Alexandria Area Association of Realtors, the Greater Sioux City Board of Realtors, the Ithaca Board of Realtors, HiCentral MLS, the Northeast Oklahoma Board of Realtors, the Parkersburg Area Association of Realtors, Realtors Association of South Central Wisconsin, the San Francisco Association of Realtors, Staten Island Multiple Listing Service, the St. Lawrence County Board of Realtors, and the Sutter Yuba Association of Realtors.
“The momentum behind Partner InfoNet is undeniable,” said Chris Bennett, general manager of real estate solutions for CoreLogic.
“MLS participation continues to climb, which helps increase the accuracy and demand for our risk management products,” Bennett continued. “In turn, revenue sharing payments continue to grow—total royalties paid to MLS clients last year exceeded $1 million for the first time. Through Partner InfoNet, CoreLogic is working to help increase the health and stability of the American real estate industry.”