This is great news for realtors and great news for Rental Beast. For decades, the success of brokers and agents related to rentals was constrained by MLS systems and rules that did not support data or economic solutions that make the market work. Generally, MLS systems do not support rentals very well; so entering a rental listing in the MLS – or searching for a rental to serve a client – is not as robust as ‘for sale’ property. Moreover, the fundamental offer of the cooperation and compensation model in the MLS is not always supportive of rentals; but all of this is changing on a market-by-market basis, and now will be accelerated by the partnership between Rental Beast and the National Associaton of Realtors®.
Rental Beast offers an MLS system for rentals that sits alongside the MLS. Over the past few years it has become widely adopted by large and mid-sized MLSs – but the majority of MLSs do not have a solution in place. With the support of NAR, Rental Beast is likely to continue their expansion in serving more realtors and their clients. Now agents and brokers can gain access to the tools that they need to help consumers with their entire lifecycle of shelter – from rental to home ownership.
Please see below for the full press release.
For further information contact:
Spencer High, 202/383-1051
National Association of Realtors® Announces Partnership with Rental Beast
CHICAGO (July 12, 2022) – The National Association of Realtors® today announced Rental Beast as its exclusive recommended software provider in the rental space. Under this agreement, NAR members receive free access to Apply Now by Rental Beast, the secure FCRA-compliant online rental application and tenant screening engine.
“NAR REALTOR Benefits® aims to provide products and services that deliver value and empower Realtors® to succeed in their businesses,” said Rhonny Barragan, NAR vice president of strategic alliances. “Rental Beast created a lead-to-lease platform which brings seamless entry into the multibillion-dollar rental industry and its clientele, and we are thrilled to provide this benefit to our members.”
NAR members will also receive unlimited access to Rental Beast University, the digital education platform designed by industry experts.
Rental Beast is also integrated with many MLS platforms and association websites. NAR members within these partnerships receive additional access to rental-centric listing management tools, including listing add/edit, comprehensive rental search, rental listing syndication, rental lead generation and qualification, and renter-to-buyer conversion.
Rental Beast achieved notable success as a member of the 2022 REACH Canada cohort, a unique technology scale-up program managed by Second Century Ventures, NAR’s strategic investment arm.
“We are proud to be NAR’s exclusive provider of rental solutions,” said Ishay Grinberg, founder and CEO of Rental Beast. “This partnership will help Realtors® better serve their clients and U.S. consumers everywhere by partnering them with the nation’s more than 113 million renters. With our tools, Realtors® can also build relationships with potential home buyers by serving as their trusted advisors in the rental process.”
To claim this benefit, NAR members can sign up for a free account at nar.realtor/rental-beast. Once activated, the account will allow Realtors® to initiate applications for any rental property and access Rental Beast University content anytime.
The National Association of Realtors® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.
About Rental Beast
Rental Beast is a leading real estate technology firm with an end-to-end SaaS (Software as a Service) platform designed to empower real estate professionals and the nation’s most comprehensive database of more than ten million rental properties. Sourced directly from property owners, updated in real-time, and offering a fulfillment-grade rental dataset, the Rental Beast database provides real estate professionals with an unparalleled view of all properties and owner types.
About NAR REALTOR Benefits®
NAR REALTOR Benefits® is the association’s official member benefits program, connecting members with savings and unique offers on products and services just for Realtors® from more than 30 companies recognized as leaders in their respective industries.
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