Arizona Association of Realtors to purchase ARMLS

Arizona will have the largest statewide multiple listing service in the nation following a vote Monday by the directors of the Arizona Association of Realtors to purchase the Arizona Regional Multiple Listing Service Inc. Arizona Regional Multiple Listing Service Inc. Latest from The Business Journals Phoenix-area homes could see lowest prices in a decade Phoenix real estate market starting to stage a comeback Realtors: Existing-home sales fall in June Follow this company , which serves 30,000 subscribers in Maricopa and Pinal counties. The purchase price was $4.75 million, according to ARMLS CEO Bob Bemis, who will lead the new organization. It will be named the Arizona Multiple Listing Service. A new governance will be established, and it will be a wholly owned subsidiary of AAR. With larger numbers, the AMLS will be able to purchase more technology at lower prices, and also provide highly integrated technology to more Realtors in the state. AAR serves 42,000 Realtors in 21 local organizations statewide.

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