Last year, President Obama released a Climate Action Plan. In order to advance ongoing efforts and as a follow-up to the Green Mortgage Roundtable held in July, 2013, the Federal Housing Administration (FHA) in partnership with the Council on Environmental Quality has invited appraisers, lenders, Realtors®, federal agencies and other key stakeholders to this meeting. MRED and Bergeron are taking this opportunity to work with industry partners to help develop specific recommendations to address barriers to valuation in areas such as appraisal standards, data collection, analytical tools, and document standardization.
MRED is a leader in the MLS industry regarding Green/Smart home issues. MRED has made home energy costs accessible on the property listings in its MLS system, providing real estate brokers with valuable information for their clients, and appraisers with important data to help establish a credible opinion of value. Appraisers are also better equipped to do sales comparison and income approach valuation methods when this data is available to them.
“MRED’s participation in this Roundtable is an extension of a mission we already have in place – proactive involvement in cutting-edge issues that are most relevant to our customers” said Bergeron. “We are supportive of White House initiatives such as the Green Button data standard, and are proud that we are one of the first MLSs to provide a Green Button type application by making home energy costs accessible in property listings.”
Midwest Real Estate Data (MRED) (http://www.mredllc.com) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to nearly 40,000 brokers and appraisers and 8,000 offices. MRED serves Chicago and the surrounding “collar” counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana. MRED delivers over twenty products and services to its customers, complementing connectMLS™, the top-rated MLS system in the country for two years running according to the WAV Group MLS Technology Survey. MRED is the 2013 Inman News (http://www.inman.com) Most Innovative MLS/Real Estate Trade Association. For more information please visit MREDLLC.com.