Monday, April 7, 2008

Breaking News: 2 Regional MLSs Merge

"We are proud to announce that the Consolidation and Acquisition Agreement between MLSNI and MAP has been signed. The new company has been named: Midwest Real Estate Data, LLC (MRED)."

Except for that brief mention on its new Web site,, we have seen no reports on the long-awaited merger of the Multiple Listing Service of Northern Illinois (MLSNI) and MAP MLS.

The closing took place on Friday, according to a company source. We'll bring you details as they are announced.

Update: According to Ginger Downs, CEO of the Chicago Association of Realtors, MRED will be led by the following: Bud Fogel, CEO; William E. White, interim president; and Brad Tertell, general manager.

No comments: