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East Bay Regional Data, MLS for Alameda and Contra Costa Counties, Announces Corporate RestructuringCONCORD, Calif., Feb. 5, 2016 /PRNewswire/ -- East Bay Regional Data, Inc.(EBRD), a regional REALTOR® association-owned real estate Multiple Listing Service (MLS) for brokers and agents in Alameda and Contra Costa counties, announces its shareholders have reached a tentative agreement to restructure the corporation's ownership. The restructuring will result in the Oakland/Berkeley Association of REALTORS® (OBAR) becoming the sole owner of EBRD. OBAR will also assume management responsibility of EBRD. The shareholder associations anticipate the restructure will be complete by September 30, 2016. "EBRD shareholder associations are excited about the restructuring," says Troy Staten, EBRD board chairman. "It is in line with each association's strategic goals of ensuring their members have the best MLS services available. OBAR will have full control over EBRD to enhance services and offerings, and the other two shareholders (Delta Association of REALTORS® and Alameda Association of REALORS®) will have opportunities to obtain the best MLS services for their members, either through EBRD or other MLSs providing service to real estate professionals in the East Bay." The restructure will have no impact on current MLS services, and EBRD subscribers will continue to receive the reliable, high-quality service, support, and data through the Paragon platform to which they have become accustomed. In addition, the streamlined ownership structure and management will allow EBRD to better respond to industry changes with technological upgrades. About East Bay Regional Data Visit: http://www.ebrdmls.com, or call (925) 363-2333.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/east-bay-regional-data-mls-for-alameda-and-contra-costa-counties-announces-corporate-restructuring-300216120.html SOURCE East Bay Regional Data, Inc.; Oakland/Berkeley Association of REALTORS®; Delta Association of REALTORS®; Alameda Association of REALTORS® |