Regional Multiple Listing Service
Portland RMLS is a cooperative corporation owned by its members each having one voting share. Members include but are not limited to; Real Estate Agents, Appraisers, Banks, and web site managers. The public can access and search for residential, multi-family, commercial, lots & land and farm listing data directly through www.rmls.com.
Consumers can also access listing data through a multitude of websites such as agent websites, Redfin and Zillow as RMLS allows member associate members and other industry insiders real-time listing data through IDX. These other entities are allowed IDX access to reprint and make available online listing services and sales data. Some third party websites charge agents a fee to be promoted on their sites as a neighborhood or area expert. Agents pay Redfin to be the cover agent of pages when a consumer is searching. Zillow does the same.
Realtor members are required to operate within the RMLS bylaws, rules & regulations set forth by the RMLS board of directors and are in good standing with the Oregon Real Estate Agency, the National Association of Realtors and Oregon State Association and one of the Portland Associations. Associate members have a different set of rules and guidelines.
RMLS is the generator and clearing house of listing and sales data for the entire Portland metropolitan. Each and every surrounding independent city such as West Linn Happy Valley, Beavercreek has its own independent data. RMLS generates various statistical market reports of the individual cities and the Portland conglomerate. Reports indicating monthly and year to date activity include; Days on market, Total number of new listings, Number of pending properties, number of sold properties, Median sale price, average sale price and much much more for all categories and types of properties.