Former NAR executive joins MRIS board

by Mike Audet on September 19, 2011

Press Release

MRIS Announces Industry Expert Joins Board of Directors

Terrence M. McDermott Joins Leadership In Support of Growing Mission

Rockville, MD – September 19, 2011 – David Howell, Chairman of the MRIS Board of Directors, announced today that Terrence M. (Terry) McDermott has joined the board effective immediately. Rockville, MD- based MRIS facilitates over $300 million in real estate listings and sales each day.

As a board member, McDermott brings valuable experience gained during his executive tenures at the National Association of REALTORS®(NAR), The American Institute of Architects and Cahners Publishing Company.

“McDermott is uniquely qualified to sit on the MRIS Board of Directors,” explains Howell.  “He led initiatives to make huge inroads with the brokerage community and worked tirelessly at the legislative level to be certain that consumers would benefit from the best real estate experience possible.”

David Charron, CEO of MRIS, adds, “Terry engenders such enormous respect in both the real estate and legislative arenas. He brings great depth and experience and his perspective will be of great value to us. My team and I are thrilled to have Terry join the board”.

During his tenure at NAR, membership grew by more than 490,000 to 1.2 million, and the housing market experienced the largest sustained boom in U.S. history. McDermott oversaw development and construction of the $46 million Washington, D.C., office building, and helped NAR achieve substantial legislative victories.

 “Terry is a first-rate professional and a thought leader with excellent working knowledge of the real estate business,” stated Tom Quattlebaum, CEO of the Anne Arundel County Association of REALTORS®, and an MRIS shareholder.   “We’re very fortunate to have an executive of his caliber join the board and we’re all looking forward to benefitting from his wisdom and perspective.”

McDermott and his fellow board members will guide MRIS during a time when the real estate industry faces unprecedented challenges. “I believe that MRIS represents the future of the real estate business as it pertains to how an MLS supports real estate professionals,” says McDermott. “I’m looking forward to bringing both a historical perspective and vision of the future for this industry and this company. The MRIS board is an outstanding group of real estate professionals, and I am honored to be included.”

He has also served as vice chairman of the board of the National Building Museum, as the past chairman of the board of the American Architectural Foundation and previously sat on the boards of the Audit Bureau of Circulation, The Construction Products Manufacturers Council and The Little Brothers of the Poor.  He is currently an honorary member of the American Institute of Architects and a member of the Society of American Military Engineers, the Urban Land Institute and Lambda Alpha, the land economics society in Washington and Chicago.

About MRIS

MRIS is real estate in real time™, enabling its customers to list and sell nearly $300 million in real estate each day and nearly $100 billion in listings and closed sales in 2010. A leading developer of real estate information technology, MRIS connects its customers with timely, accurate and actionable data with a growing portfolio of technology solutions, including broker and agent software products and an industry-leading consumer portal, HomesDatabase.com. MRIS also showcases unique homes and offers tailored community information through its online television network, mrisTV.com.  Behind the scenes, the CURE Solutions Group subsidiary of MRIS provides back-end technology to other MLS systems through CURE, a proprietary solution. MRIS serves nearly 42,000 real estate professionals spanning a 22,000 square mile section of the Mid-Atlantic region, including Maryland, Virginia, Washington, D.C. and markets located in Pennsylvania, Delaware and West Virginia. Visit us at www.mris.com, MRISblog.com and mrisTV.com, “Like” us on Facebook.com/MRISonFB and follow us on Twitter, @MRIS_REal_News.

About RBI

RealEstate Business Intelligence, LLC (RBI) is a wholly owned subsidiary of Metropolitan Regional Information Systems, Inc. (MRIS).   RBI is a primary source of real estate data, analytics and business intelligence for real estate professionals with business interests in the mid-Atlantic region.  MRIS serves more than 40,000 real estate professionals spanning the Mid-Atlantic region, including Maryland, Virginia, Washington, D.C. and parts of Pennsylvania, Delaware and West Virginia.

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