The announcement was made by Sharon Buckner, CEO of LUTAR and Karen Kage, CEO of REALCOMP.

Under the terms of the new agreement, in addition to data sharing and the use of Realcomp technology and support, LUTAR receives two (2) seats on Realcomp’s Board of Governors, three (3) seats on Realcomp’s MLS User Committee and will participate in governing the corporation. Shareholder status will also give Lapeer and Upper Thumb REALTORS^® a definitive voice in the direction of Realcomp’s MLS rules, regulations and technology adaptations.

"In a difficult market such as today, these strategic moves position our agents ahead of the competition and in a place to succeed," said Sharon Buckner, CEO of LUTAR. "Becoming a Realcomp shareholder provides our REALTORS^® with incredible tools and resources while also allowing us to have a voice and a representative vote in an organization vital to our overall success."

"The addition of LUTAR as a shareholder opens up an entirely new area to Realcomp, its members and the Lapeer REALTORS^®," said Karen Kage, CEO of Realcomp II Ltd. "Our REALTORS^® and LUTAR will benefit by receiving access to more information and data, all in one place. LUTAR's commitment brings Realcomp one step closer to our goal of being a statewide MLS."

The Lapeer and Upper Thumb Association of REALTORS^® officially joined Realcomp as a Shareholder when the decision was ratified by the Realcomp Board of Governors on June 26, 2009. The other eight (8) shareholders are: Dearborn Board of REALTORS^®, Detroit Association of REALTORS^®, Eastern Thumb Association of REALTORS^®, Livingston County Association of REALTORS^®, Metropolitan Consolidated Association of REALTORS^®, North Oakland County Board of REALTORS^®, Western-Wayne Oakland County Association of REALTORS^®, & Grosse Pointe Board of REALTORS^®.

Currently, Realcomp provides more than 11,000 REALTORS^® with access to more than 1 million on-market, offmarket and historical (i.e. more than 2 years old) listings for Southeast Michigan.

Important: For LUTAR Members Transitioning to Realcomp

Be sure to follow our "10 Vital Steps for a Smooth Move to Realcomp".