DEFINITION of 'Realtor Property Resource (RPR)'
A National Association of Realtors (NAR) member benefit that provides realtors with online access to comprehensive real estate market data, analytics and reports for each of NAR's constituencies. It includes a national database of more than 147 million residential and commercial properties in the U.S., including information on zoning, permits, mortgage and lien data, schools and foreclosures. The Realtors Property Resource (RPR) is available only to NAR members and is included in yearly NAR dues.
BREAKING DOWN 'Realtor Property Resource (RPR)'
The National Association of Realtors is a trade association in the U.S. whose membership is composed of residential and commercial realtors who are appraisers, brokers, counselors, property managers, salespeople and others participating in all aspects of the real estate industry. NAR promotes professional development, research and information exchange between its one million-plus members and the public and government, with the intent of preserving the free enterprise system and the right to own real property.
NAR member benefits include personal insurance options; electronics and mobile technology; travel and automotive discounts; financial services and risk management programs; office supplies and services; marketing resources; digital and printed books, journals, reports and guides; research and statistics; consumer outreach; and educational tools. An additional member benefit is Realtors Property Resource, a database of U.S. properties developed to help real estate professionals better meet the needs of their clients. RPR is available to all realtors and has tools for residential and commercial agents and brokers, appraisers, associations, and MLS (multiple listing service) companies. The only way for a non-realtor to access this information is through a RPR report that has been created, branded and sent by a realtor.
Realtors Property Resource is a wholly owned subsidiary of the National Association of Realtors, incorporated in November 2009, and is 100% owned, operated and controlled by the members of NAR.