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RISMEDIA, Jan. 15, 2007-The working group of the Northern California Real Estate Exchange (NCREX) announced its incorporation as a nonprofit California Mutual Benefit Corporation and the naming of its board of directors.

Current participants of the NCREX initiative include: Bay East MLS, Central Valley
MLS, ContraCosta MLS, and RE InfoLink representing MLS users and REALTOR®
associations in Alameda County, Contra Costa County, Monterey County, San Benito
County, San Joaquin County, San Mateo County, Santa Clara County, Santa Cruz,
Silicon Valley, Stanislaus County, Watsonville, and Western Merced County.

The 15 Directors were selected from a cross-section of real estate firms throughout the greater Bay Area, and they include both brokers and agents. Bob Moles, Chairman of Intero Real Estate Services in Cupertino, stated, "The proposed governance structure will firmly involve the brokerage community in the decision making process for the MLS while providing the associations' ongoing ownership and involvement. This is a great partnership."

The new directors are:
Name Company
Bill Aboumrad, RE/MAX Executive
David Barca, Keller Williams
Jeff Barnett, Alain Pinel
Mike Clancy, Security Pacific Real Estate
Bob Endsley, Coldwell Banker
Bob Moles, Intero Real Estate Services
Jeanne Garde, RE/MAX Today
Avram Goldman, Coldwell Banker
Larry Knapp, Alain Pinel
Ed Krafchow, Prudential California Realty
Dennis Moreno, MGM Real Estate
Dennis Pagones, Harbor Bay Realty, Inc.
J.R. Rouse, J.R. Rouse Real Estate
Mike Sibilia, Keller Williams
Larry Spiteri, Intero Real Estate Services

"The incorporation of NCREX is the culmination of tremendous effort, cooperation, and dedication from brokers, Realtor associations, and MLS organizations," said Jeanne Garde, owner of Re/Max Today and the 2006 chairman of RE InfoLink.

"Brokers, agents and their clients will benefit tremendously from the efficiencies and service that we will be able to deliver with this new real estate exchange model," she concluded.

The incorporation of NCREX closely follows numerous important milestones accomplished during 2006:

– The participating MLS's created a common data standard from the diverse data structures of the original MLS participants.

– A data repository based on the new data standard has already been built and has begun testing.

– A common set of MLS rules and regulations was developed last year and approved by the National Association of Realtors

– Finally, an interim data exchange program, called MLSXchange, was implemented to enable agents to access data from each of the MLSs.

Larry Spiteri, 2006 President of the Contra Costa Association of REALTORS, praised the working group's efforts: "The four MLS's have worked diligently and overcome significant challenges to make NCREX a reality. We're very excited about the days ahead," he said.

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