MarketLinx Provides Online Auction Solution

RISMEDIA, February 10, 2010—MarketLinx, Inc., a leading provider of information technology to the residential real estate industry and a member of The First American Corporation family of companies, announced that it has partnered with RealtyBid.com to offer an integrated online real estate auction tool to its MLXchange, TEMPO and InnoVia multiple listing service (MLS) customers.

Through the agreement, MarketLinx MLS users can easily upload listing data and photos to RealtyBid.com and start an online auction with just a few mouse clicks.

“Foreclosures and bank-owned sales are a big part of today’s real estate market,” said Ben Graboske, chief executive officer of MarketLinx. “Online real estate auctions have gained wide acceptance in recent years and are especially effective when working with motivated sellers. By integrating RealtyBid.com with our MLS systems, we help our customers succeed in these unique conditions.”

RealtyBid.com provides an eBay-style auction service that features live, competitive bidding and a system called BidAssist for automatically making incremental bids up to a predetermined maximum. With more than 25,000 properties sold and closed, RealtyBid.com is one of the leading online auction services to work exclusively with licensed real estate agents and brokers. For-sale-by-owner properties are not allowed.

“Unlike other services, RealtyBid.com keeps Realtors at the center of the transaction,” said Graboske. “Listing agents control the auction process from end to end and retain their normal commission. RealtyBid.com is simply another great tool that extends the power of our MLS systems to help real estate professionals sell more homes faster.”

For more information, visit www.marketlinx.com.

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