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Stewart¹s REI Data Inc. Launches Listing Checker

February 19, 2004

New service checks MLS listings for errors

HOUSTON ­ REI Data Inc., a subsidiary of Stewart Information Services Corp. (NYSE-STC), has rolled out Listing Checker, a new service that enhances the data quality of MLS systems.

"There is no other service of this kind on the market,² said Tom Abbate, senior vice president, strategic business development for REI Data Inc. ³The greatest challenge for MLS administrators is to keep the information accurate and consistent. Listing Checker makes it possible for administrators to provide the best quality data.²

Listing Checker helps MLS systems check the data in listings for irregularities and missing information. Such information includes missing or incorrect addresses or tax identification number (TIN) not matching the property, as well as information that should not be included in remarks sections, such as phone numbers and instructions such as ³call first.² If missing or extraneous information is found, an e-mail is sent to the person who posted the listing with items that need to be corrected. Listing Checker checks listings posted each night and also re-verifies modified listings.

³It is important for MLS data to be consistent and accurate. If it is not, Realtors® have to spend time tracking down correct information and consumers may not be getting complete information,² continued Abbate. ³Ultimately the biggest benefit for the MLS, Realtors® and consumers is that Listing Checker assures that an MLS provides high quality data on the listing.²

Source: Stewart Stewart Information Services Corp.



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