MetroList Services, Inc., the multiple listing service for more than 15,000 real estate brokers and agents for five REALTOR Associations, signed an agreement to join Partner InfoNet by CoreLogic.
The joint venture will provide coverage to more than 500,000 real estate professionals.
Partner InfoNet has a revenue-sharing program that allows MLS platforms to license their listing data to CoreLogic to use risk-management products for mortgage lenders, servicers and capital markets.
"Our Partner InfoNet-enhanced risk management products become more useful and more attractive to risk managers of major lending, servicing, and capital markets institutions with each successive Partner InfoNet MLS addition," said senior vice president Ben Graboske with the real estate and financial services, data and analytics segment for CoreLogic.
He added, "Reaching the half-million-agent milestone is a major achievement that will help propel the success of our revenue-sharing programs to even greater heights."
The agreement between both companies means a bigger increase in the rate of return for MLS content and also provides subscribers access with specific CoreLogic tools such as the Listing and Marketing Activity Report and RealAVM.
"The security of MetroList’s MLS content was also a key consideration," said president and CEO Tom Beede of MetroList. "CoreLogic's comprehensive data protection program and reputation for vigorously asserting its customers' rights was an important factor in the decision to join Partner InfoNet."