RPR: Collaborating to Bring REALTORS a Pain-Free Commercial Resource

The convenience of a national, one-stop-shop in commercial real estate is complicated to say the least. Bouncing around from website to website and resource to resource just seems to be the norm. The ability to go to one place, for on- and off-market listings, for investment analysis tools and data, never seemed like it could be a reality for commercial practitioners. However, RPR is conducting research with members and collaborating with the strongest commercial real estate partners to make this come true for REALTORS.

One of the biggest pain points voiced by commercial members has been the ability to see the majority of commercial inventory in one place. In 2019, commercial members went down a path of evaluating commercial public listing platforms with the goal of picking just one. However the reality is that multiple providers have incredible value, and investor or tenant interest can come from a variety of sources based on the reputable brands in the commercial real estate space such as Brevitas, Catylist, and CREXi.

Since REALTORS® vary on which public listing platform they use (and many use multiple ones), RPR has made the commitment to work with each provider. This way, REALTORS® have an exclusive location for searching on-market opportunities no matter which listing platform they prefer or, in specific instances, the platforms their clients recommend for property exposure. Through Brevitas and CREXi partnerships, REALTORS® can search more than 360,000 listings across the country in RPR, which includes non-REALTOR® and REALTOR® represented listings.

Relieving Even More Commercial Pain Points

REALTORS® representing buyers and tenants have connections in RPR that lead to a lion's share of the commercial practitioners in the US representing for sale properties and for lease space. In addition to the Brevitas and CREXi partnership value, there are over 90,000 listings searchable nationwide in RPR through agreements with CIEs, CMLSs, MLSs and TotalCommercial.com.

Members of local, state and regional platforms choose if they share beyond their respective subscriber bases. While applications representing nearly 100,000 listings (over 80% of these coming from Catylist-powered CIEs/CMLSs) have chosen to expand their market reach, there are many more who are considering this option which is expected to create growth in RPR's commercial search as well. So when a client or potential client expects to see all listed options that fit the criteria they've voiced, the REALTOR® has the advantage by tapping into connections to more than 450,000 properties to-date, being marketed on multiple platforms in one exclusive place… RPR.

Off Market—On Point.

Another difference maker for REALTORS® is having access to searching more than 55 million off-market properties in RPR. REALTORS® can view almost every commercial property in the country and prospect with property owners.

When REALTORS® are in touch with economic development needs and connected to eager investors, good things can happen. Access to the owner information and the length of time an owner has been holding onto an asset can prompt discussions around opportunities that are both fruitful for the owner, the investor, as well as the community's growth.

Using RPR, a REALTOR® can view how much the owner bought the property for and calculate an expected return based on how long they've owned the property, paired with current market trends.

RPR is Creating a Commercial Hub You Can Count on

With more than 55 million commercial properties in the US, and a few hundred thousand listed publicly at a given moment, REALTORS® who use RPR are positioned to access significant property intel. Whether a client wants to invest in a property or sell an asset, REALTORS® have a closed network of listing brokers and property owners to connect with when seeking options for their clients. And lastly, REALTORS® save dollars on data as RPR is an NAR member benefit, provided at no additional cost.

Experience RPR Commercial for yourself.

To view the original article, visit the RPR blog.