UpstreamRE™, a collaborative venture between real estate brokerages, has been nominated for the coveted Inman Innovator Award. The Inman News Innovator Awards are given each year to recognize and celebrate industry innovation and accomplishments.
Over the past year, Upstream has been forging forward and capturing Inman News headlines with the nomination of their Board of Managers, selecting Realtors Property Resource® as their vendor, and hiring industry veteran Alex Lange as president and CEO, and announcing the Alpha launch of the application in their first five MLS markets: MLS Listings of San Jose and Northern California, NorthstarMLS in Minnesota and Western Wisconsin, RMLS of Portland metropolitan area, West Penn MLS of Pittsburg covering northern Pennsylvania, and North Texas Regional Information Systems of Dallas and central Texas.
Upstream is a data management solution jointly owned by real estate brokerages that operate like a cooperative. Robert Moline, Upstream Chairman of the Board, recently address the real estate industry leadership at the National Association of REALTORS® midyear meetings where he explained, “Essentially, Upstream is a database of all kinds of real estate related data that goes far beyond a listing data set. Upstream allows single entry into one place and enables brokers full control of distribution of all the expanded data.”
Inman News cites Upstream as an example of the real estate industry finally disrupting itself instead of being disrupted by outsiders. As brokers succeed in better managing their data as an asset, it opens the doors wide to future opportunities to best serve the real estate home buyer and seller.
“The concepts we are addressing are actually quite simple, but the implications if done well are powerful and far reaching. Creating efficiencies, facilitating deliberate distribution and inspiring industry-wide innovation continue to be our guiding principles,” says Alex Lange, Upstream CEO.
UPSTREAM™ is a new data management company created by brokers and their representatives and for the real estate industry and consumers to provide a central point of entry, a repository and a distribution platform for real estate property data, with the goal of improving efficiency, providing broker/agent control over data which they have generated and for which they are responsible, and enhancing the consumer’s experience by delivering more accurate, timely and consistent property information throughout the country. The UPSTREAM™ board of managers includes representatives of Better Homes & Gardens, Berkshire Hathaway HomeServices, Century 21, Coldwell Banker, ERA, Keller Williams, Leading Real Estate Companies of the World®, The Realty Alliance, RE/MAX, Sotheby’s, and non-affiliated brokerages.