Listing service gets a boost that puts it in national league

The new REBNY Listing Service (RLS) is now up and running successfully. It has received a great response from brokers who use the system to share thousands of New York City residential sales and rental listings.

This much-anticipated upgrade of the RLS transmission vehicle has brought NYC listings system up to par with other metropolitan areas throughout the nation. The new RLS conforms to the nationwide industry standard called the Real Estate Transaction Standard or RETS and is operated by Stratus Data Systems, one of the nation’s leading providers of listing systems. 

With the use of the new powerful tool, participating RLS brokerage firms can improve their day-to-day business operations. It offers more accurate data, updates more often and gives brokers the ability to better serve their clients who are either buying or selling NYC property.

To manage the new system, REBNY established an RLS board to oversee its operations.  The board includes Steven Goldschmidt, Senior Vice President of Warburg Realty, and Stephen Kotler, COO of Douglas Elliman, as co-chairs. Freddy Sarabia, who joined REBNY in late 2012 as the RLS Director, will manage the operations and technical aspects of the new platform drawing from years of experience working with sophisticated listing systems in other markets.

With the direction of RLS Board and Freddy, we are confident that this new system will continue to be well-integrated for our high-volume market and that the brokerage firms will see the immediate value of taking part in this endeavor. REBNY thanks the various RLS vendors who worked together with REBNY to execute this new system and the brokers and agents for their patience until the work was completed.  

Stratus Data Systems was selected through a competitive bidding process that commenced in late 2010. Founded in 1982, the company is the technology provider for some of the largest Multiple Listing Services in the U.S. and Canada.

For more information, contact RLS support at rlssupport@rebny.com or 212-616-5270.

In other REBNY News:

The Commercial Brokerage Division Seminar Committee presents “Is West the Best?” A Seminar on the Development of the Far West Side from 8-10 am on Tuesday, Oct. 15, 2013 in the Mendik Education Center at REBNY, 570 Lexington Ave. Join us for a panel discussion about the attractiveness of the planned large scale re-development on the Far West Side of Manhattan. Ann Weisbrod, President of the Hudson Yards Development Corporation, will lead the discussion and inform attendees about what exactly is taking place there and what are some of the most important benefits and features that are drawing developers, investors, tenants and ultimately home owners, renters, shoppers and tourists to the area. She will be joined by panelists Todd Kahn, General Counsel SVP at Coach; Dean J. Shapiro, Managing Director of Oxford Properties; and Philip Wharton, SVP of Development at Brookfield Properties Corp. REBNY members are $10 and non-members are $15. Register online at www.REBNY.com. For more information, email djones@rebny.com

The New York City Housing Authority (NYCHA) requested we remind REBNY members that the NYCHA has issued a Request For Expressions of Interest (RFEI) for 14 development sites on 8 NYCHA developments in Manhattan, south of 110th Street, and that proposals are due by November 18, 2013. All of the sites are as-of-right with regard to the residential development that is contemplated. Several would require a ULURP only for a commercial overlay to permit stores on the ground floor. RFEI also wanted to remind our members that while they explicitly reserve the right to hold a subsequent round of submissions, participation may be restricted to first round submitters. Moreover, NYCHA may designate a developer based on its RFEI submission and forgo another round. You may download needed documents by going to www.nyc.gov/nycha and clicking on “Preserving Public Housing.” Then click on “Land Lease Opportunity” and then “RFEI” for the documents. For more information, contact REBNY’s Michael Slattery at mslattery@rebny.com.