Paragon the preferred MLS® system replacement
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The Fraser Valley, Greater Vancouver and Edmonton real estate boards have commenced negotiations to replace our MLS® platforms (MLXchange and Fusion) with a new system called Paragon. This approval is subject to successful negotiations with Black Knight Financial Services (formerly LPS), the owner of the Paragon system. The implementation of the new system will not occur until mid-2015.
The motivation behind this project stems, in part, from necessity. Our current MLS® provider, CoreLogic, has shifted its focus and resources away from MLXchange and Fusion. They had intended to have Fusion become their key MLS® product. However, for a number of reasons they reconsidered that strategy.
Members and staff from the partner boards have been working for months to test and evaluate potential replacement systems for our MLS® software. Through that process Paragon, used by over 230 MLS® providers in North America, rose to the top as the preferred system.
After contracts are negotiated, the partner boards will move into the design phase expected to begin this summer. We’ll continue to seek your input throughout the project. Once the new system is launched in 2015, we’ll run the MLXchange and Fusion platforms in parallel with the new system for three months to ease your transition.
Our recommendation to proceed with this project and to adopt Paragon as our next MLS® supplier comes with deep consideration for the disruption an MLS® system change will cause you. As we did in 2004 with MLXchange, the Boards will provide extensive training and support to make the transition as straightforward as possible for you. Recognizing that people have different learning preferences, you’ll have access to classroom, online and a variety of other learning options and tools. We’ll keep you informed at each stage of this project.
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