Realtors(R) Launch New Commercial Web Site

WASHINGTON, May 15 /PRNewswire-USNewswire/ -- The National Association
of Realtors(R) has launched a new Web site focused on commercial real
estate, which includes a commercial property listing database that offers
access to commercial property listings from all 50 states. The new site
will reside at http://www.commercialsource.com, previously the site for the
Realtors(R) Commercial Alliance's online convention.

"Realtors(R) are industry innovators, and this new site creates an
online marketplace for investors and consumers to view land and commercial
properties for sale and lease," said Jan Hope, vice president of the
Realtors(R) Commercial Alliance, NAR's commercial real estate division.
"The site is a virtual landscape that includes a national commercial real
estate property listing database, an online convention and trade show,
industry news and events, research data, and feature articles. We expect
this site to be a valuable and competitive resource, one that will provide
commercial brokers with a high quality toolkit to assist them in their
business success."

Commercial information exchanges (CIEs), multiple listing services and
practitioners may upload basic listings at no cost. More comprehensive
listing information can be added at a nominal pricing. Individual
practitioners will be encouraged to upload their listings through their
local CIE if they are within an existing CIE market area.

eProperty Data will operate and provide technological support for
http://www.commercialsource.com. NAR recently acquired eProperty Data, of Gig
Harbor, Wash., which provides commercial information exchange services and
solutions to the commercial real estate industry. The company operates some
of the largest CIEs in the country, including Commercial MLS.com in Seattle
and CommercialGateway.com, operated for the Houston Association of
Realtors(R).

The Realtors(R) Commercial Alliance has been processing requests from
state and local real estate associations to aggregate and upload their
commercial listings onto the new site. The Realtors(R) Commercial Alliance
of Greater Miami and the Beaches is one such association. The association's
president, Thomas Byrne, said, "NAR's CommercialSource online marketplace
platform is at the forefront of providing our South Florida commercial
members with the ability to showcase our dynamic market to buyers and
sellers across the country."

On June 17, the new Web site will host the CommercialSource virtual
convention and trade show. This year, NAR's Chief Economist Lawrence Yun
will be the keynote speaker, providing an overview of economic conditions
affecting commercial real estate in today's market.

More than 80,000 NAR members are engaged in commercial real estate
services; 70,000 are engaged full-time in commercial practice. Information
about NAR's commercial division is available at
http://www.realtor.org/commercial/index.

The National Association of Realtors(R), "The Voice for Real Estate,"
is America's largest trade association, representing 1.2 million members
involved in all aspects of residential and commercial real estate.

Information about NAR is available at http://www.realtor.org. This and other
news releases are posted in the News Media section.

REALTOR(R) is a registered collective membership mark which may be used
only by real estate professionals who are members of the NATIONAL
ASSOCIATION OF REALTORS(R) and subscribe to its strict Code of Ethics. Not
all real estate agents are REALTORS(R). All REALTORS(R) are members of NAR.



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Source: Real Estate Newswire