FOR IMMEDIATE RELEASE
July 9, 2014
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REDPLAN™ ANNOUNCES ESTABLISHMENT OF LEGAL RESERVE FUND AND NOMINATION FOR 2014 INMAN INNOVATOR AWARD
Scottsdale, Ariz. (July 9, 2014) – REDPLAN™ an association owned and run by its members for the purpose of protecting the intellectual property of member companies and promoting the common interests of the real estate information industry announced that the Board of Directors voted at its June meeting to establish a Legal Reserve Fund to support its members.
The Legal Reserve Fund will be financed by a portion of membership dues and provide funding for both offensive and defensive situations involving intellectual property issues such as IP theft, copyright violations and patent troll protection. As the organization continues to grow its membership, its operating costs are becoming a smaller portion of REDPLAN’s annual budget. The Board has set a goal to allocate 50% of total income to the Legal Reserve Fund in 2015 and increase the percentage in 2016.
“REDPLAN just celebrated it’s first anniversary and the industry is realizing that this new association is a collective, cooperative force to be reckoned with, supported by the many upstanding citizens of the real estate information world. The establishment of the Legal Reserve Fund proves REDPLAN is willing and able to stand behind our members in a very real way,” explains founder and Chairman of the Board, Gregg Larson of Clareity Consulting and Security.
“There is a groundswell of support that has been growing for REDPLAN™ this year. We have seen a phenomenal membership growth of 90% in the first half of 2014 and we’ve only just begun,” said Darity Wesley, Esq. and REDPLAN™’s Administrator. “Our growing circle of real estate information industry members is presently comprised of two-thirds REALTOR® associations/MLSs and one-third real estate information companies. Our Board of Directors has grown to seven members this year and we look forward to filling all seats within the next 12 months.”
REDPLAN™ is also honored to announce it has been nominated for the prestigious 2014 Innovator Year award in the category of Most Innovative MLS or Real Estate Trade Association by Inman News, the award-winning publication known for accurate, innovative and timely information about the real estate industry. The winner will be announced at Inman’s signature event, the Real Estate Connect conference in San Francisco, July 16-18, 2014.
REDPLAN, Inc. an organization dedicated to protecting the real estate information industry’s copyrighted materials and intellectual property rights. Along the lines of the Business Software Alliance and ASCAP, REDPLAN™ supports members in all aspects of intellectual property protection including their pursuit of data pirates, scrapers, bootleggers, etc. which will help shut down the data black market. REDPLAN™’s Board of Directors and member companies are comprised of Associations of REALTORS®, Brokerages, Franchises, Real Estate Information Companies and those who compile real estate data.
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