In January 1912, 43 real estate brokers organized as the Indiana Real Estate Board to pool resources and provide guidelines for local realtors. In 1914, the board introduced the city’s first multiple listing service, which revolutionized the local market with a centralized listing of properties for sale. It also organized and sponsored the first in 1922 and continued sponsorship until 1933. The board incorporated in 1924 and in the late 1920s, by which time it had been renamed the Indianapolis Real Estate Board, served approximately 400 active members.
During the next several decades, membership grew steadily, with women being admitted in 1947. In 1962, there were over 800 members.
In 1972, the board changed its name to the Indianapolis Board of Realtors. Five years later, it expanded into Hamilton County and changed its name to the Metropolitan Indianapolis Board of Realtors (MIBOR). The organization subsequently added Johnson County (1983), Morgan County (1989), Hancock County (1992), and Boone County (1992). By the late 1980s, the 4,000 MIBOR members handled about 80 percent of the sales of existing homes within their areas of jurisdiction.
By 2020, MIBOR membership numbers had more than doubled to over 8,500. In addition, the association had expanded to include Brown, Decatur, Hendricks, Madison, Montgomery, and Morgan counties. MIBOR also started servicing some other counties outside the Indianapolis area, including Bartholomew and Jennings counties, via the association’s Broker Listing Cooperative service.
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