Great article by Marc Andreessen in the Wall Street Journal. Love this bit….
“First of all, every new company today is being built in the face of massive economic headwinds, making the challenge far greater than it was in the relatively benign ’90s. The good news about building a company during times like this is that the companies that do succeed are going to be extremely strong and resilient. And when the economy finally stabilizes, look out—the best of the new companies will grow even faster.”
Boom! With close to 70,000 members CRMLS now becomes the largest MLS providers in the country.
Here’s a list of the winners in this deal:
Art Carter, CEO of CRMLS-WINNERNancy Gilmore, CEO of PWR -WINNERJoel Singer, CEO of CAR-WINNER
Well played, lady and gentlemen, well played.
Full Press Release Below:
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Merger of CRMLS and Southern California MLS Creates Largest MLS in the Nation
LOS ANGELES–(BUSINESS WIRE)–California Regional Multiple Listing Service, Inc. (CRMLS) and the Southern California MLS (SoCalMLS) have agreed to merge, creating the largest multiple listing service in the nation, it was jointly announced today by Len Herman, 2011 president of SoCalMLS, and Rob Arrietta, 2011 president of CRMLS.
“Combining two highly complementary organizations is what our brokers and subscribers want, and now we have the opportunity to offer even greater value to our customers.”
“This union was long overdue,” said 2011 SoCalMLS President Len Herman. “Combining two highly complementary organizations is what our brokers and subscribers want, and now we have the opportunity to offer even greater value to our customers.”
“The combination of two of the largest MLSs in the nation simply makes sense for brokerages, agents, and REALTOR® associations,” said 2011 CRMLS President Rob Arrietta. “The combination of our products and services gives real estate professionals throughout California an extremely cost effective solution for their MLS services.”
The combined entity will remain as CRMLS, which is based in San Dimas, Calif., with Rob Arrietta serving as president of the organization. Len Herman will remain on as part of the transition team. CRMLS will now be providing products and services to 33 REALTOR® associations and their 68,000 participants and subscribers throughout California.
About CRMLS
CRMLS delivers, through local member associations, the most affordable, reliable, and convenient listing technology service available, and provides products and services that support real estate professionals in maximizing the use of property data to achieve their business goals.
Contacts
CRMLS
Art Carter, 909-859-2045
art at crmls dot org
