Real Estate Digital (RED) announced yesterday that MRIS, which serves more than 42,000 real estate professionals across the Mid-Atlantic region, including Maryland, Virginia, Washington, D.C. and parts of Pennsylvania and West Virginia, and MFRMLS, Florida’s largest MLS with over 32,000 members, have both signed agreements for reDataVaultTM, the industry’s leading real estate MLS data license management system.
reDataVault addresses the real estate industry’s pressing need to simplify, standardize and streamline the MLS listing data licensing process by offering a document workflow system for all licensing-related documents and contracts (e.g., IDX and broker participation agreements). The system also offers automated dashboard alerts and unlimited cloud-based document storage and retrieval for 24/7 access.
“MRIS is deeply committed to a secure and robust environment for our Brokers’ data,” said John L. Heithaus, chief marketing officer, MRIS. “RED’s reDataVault meets and exceeds our requirements thus far. We’re very pleased with the first generation of the product and look forward to the next generation of tools and resources to manage our most vital asset.”
“We are thrilled to be working with the professionals at Real Estate Digital. Implementation of reDataVault has been a great team effort. The new system offers us many advantages beyond simple document management and helps our staff better serve our members’ future need for properly licensed MLS data,” said Deanna Rogers, Vice-President of Business Development, My Florida Regional MLS.
According to Ira Luntz, Senior Vice President at Real Estate Digital, “data is one of the most valuable assets in the industry. With reDataVault’s MLS-branded web portal, MLSs can upload and store agreements between Brokers and vendors, view account summaries and track all of their licensing and data transactions in detail.”