Brokers and MLSs formulate concerns over new IDX recommendations

There is a work group that recommends changes to NAR’s MLS Policy Committee on changes to the policy. This work group recently submitted suggested changes that, if adopted, would enable RSS and other electronic means of syndicating listings to third parties. Brokers and MLSs alike are very concerned about the potential infringements on the copyrights of brokers and MLSs, and the potential for law suits from home sellers. Broker participants are legally liable for the listing content as outlined in the listing contract with the seller. The broker takes on the legal responsibility for the listing through the contact. Moreover, the convents [...]

By |2018-05-03T21:25:43-07:00April 18th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
Read More

Zillow files registration for public offering

Press Releases Zillow® Files Registration Statement for Proposed Initial Public Offering SEATTLE, April 18, 2011 /PRNewswire/ – Zillow, Inc., which operates real estate site Zillow.com®, Zillow Mortgage Marketplace, and Zillow Mobile, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.  The number of shares to be offered and the price range for the offering have not yet been determined. Citi will act as the sole book-running manager for the offering.  Allen & Company, Needham & Company, LLC, ThinkEquity LLC and First [...]

By |2018-05-03T21:25:43-07:00April 18th, 2011|Broker-Agent Information, Main category, MLS Insights, Press Releases|0 Comments
Read More

The Realty Alliance and Nation’s largest brokers want IDX Reform

In a press release today, The Realty Alliance joined the ranks of Leading RE and other brokers who are making an effort to overturn the recent actions by the NAR MLS Policy Committee to extend IDX privileges to franchise organizations. Chief rationale is that only the procuring broker may authorize and share their listing data with anyone who is not a member of the MLS. Press Release: Joe Horning, Chairman of the Board, The Realty Alliance LARGE BROKERS ASK FOR REPEAL OF FRANCHISE EXEMPTION FOR IDX The Board of Directors of The Realty Alliance sent a letter yesterday to the [...]

By |2018-05-03T21:25:44-07:00April 18th, 2011|Main category|0 Comments
Read More

IDX Data Use Workgroup Submits Recommendations

I just received a copy of the Report of Recommendations of the IDX Use Work Group of the Multiple Listing Issuse and Policies Committee. I have had a blur of calls from The Realty Alliance, Leading RE, MLSs and Franchises alike today. There are many significant concerns. At the heart of the recommendations is the new rule that IDX listing content may be distributed by RSS or other electronic means (anyway you want) to any third party without any restrictions what so ever. Brokers and Agents still have restraints on the use and display of the data on their own [...]

By |2018-05-03T21:25:44-07:00April 15th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
Read More

LPS going to bat for Franchise Organizations

In an op ed column released today, LPS suggests that NAR’s MLS Policy Committee made a poor choice in forbidding Franchises (like Century 21, Coldwell Banker, RE/MAX, Keller Williams, et al) from allowing them to display advertising around IDX listings. Here is the article   Why the NAR’s IDX Policy Kills Competition By Shiraz Vartanian With the publication of the NAR Handbook on Multiple Listing Policy in January of this year, the National Association of REALTORS policy has changed to now allow national franchisors to index IDX listings on their Websites. While this is a positive development - and one that [...]

By |2018-05-03T21:25:44-07:00April 13th, 2011|Main category|0 Comments
Read More

Driving Technology Engagement

For more than a year now, WAV Group partners have been operating RE Technology. RE Technology is designed to operate inside of an MLS System supporting the role of offering education and information about technology products available to real estate professionals. The site is free to MLSs and Associations, and they may offer it to their members at no cost. Companies may list their products in the directory at no charge. WAV Group partners and other qualified contributors volunteer their educational writing for the daily publication. Today, RE Technology reaches 587,000 agents and expansion continues. The cost of operating the site is offset [...]

By |2018-05-03T21:25:44-07:00April 13th, 2011|Main category, MLS Insights|0 Comments
Read More

Tired of the state of the real estate market? Then do something about it!

I just love to see leaders of the real estate industry take an active stand in trying to impove the state of the housing market. I applaud Steve Hundley’s effort for bringing the key issues facing the San Diego real estate market to the forefront with the state and federal legislators from his area. Steve is placing his company 1ParkPlace in the forefront of influencing change by connecting community leaders and government officlals to talk about tangible methods to fix the real estate industry woes. I would love to see REALTORS and technology companies around the country come together to [...]

By |2018-05-03T21:25:44-07:00April 12th, 2011|Main category|0 Comments
Read More

Real Estate Technology Buyers Guide by RE Technology

RE Technology, Inc. released their first Real Estate Technology Buyers Guide today. It is a free and there is no registration requirement, so be sure to take a peek by clicking this link. You can view it on screen or you may download it. The goal of the publication is to allow MLSs and Brokers to schedule trade show meetings with key vendors offering interesting technologies that may be of use to you. Too often, the booth environment does not allow for a useful meeting opportunity. Full Disclosure, WAV Group partners are founders and officers of RE Technology - an information [...]

By |2018-05-03T21:25:44-07:00April 11th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
Read More

NAR getting negative feedback on #RPPSI

RPPSI, or REALTOR Party Political Survival Initiative got off on the wrong foot, so far. What NAR is trying to do as an advocate for REALTORS and property owners is admirable, but the execution of the strategy will need to improve if the initiative is to find success. They are getting almost 100% negative feedbackfrom the members on thier website. It breaks my heart to see NAR fail when good guidance in Washington is desperately needed. I learned about #RPPI on Twitter. A nice blog post that summarized the initiatives was found on the Arizona REALTORS blog here. From there I registered [...]

By |2018-05-03T21:25:45-07:00April 10th, 2011|Broker-Agent Information, Main category|0 Comments
Read More

Point 2 Announces New Syndication Partners

Point2 Announces 11 New Listing Syndication Partnerships Associations and MLSs leveraging Point2 program to enhance broker security San Diego, - April 07, 2011 - Online real estate marketing solution provider Point2 (www.Point2.com) announced  today that it has completed the technology implementation and market rollout of its listing syndication and real estate broker and agent product line co-marketing program with 11 additional real estate Multiple Listing Service (MLS) organizations and associations. The new implementations bring the number of syndication partners served by Point2 in North America to nearly 240. The Point2 program, launched more than two years ago, plays an increasingly critical role [...]

By |2018-05-03T21:25:45-07:00April 7th, 2011|Main category, MLS Insights|0 Comments
Read More

Federal Government passes GSE Reform measures

The bills approved by the Capital Markets Subcommittee are: H.R. 1223, the GSE Credit Risk Equitable Treatment Act. The legislation, introduced by Capital Markets Subcommittee Chairman Scott Garrett, helps clarify the risk retention rules required under Section 941 of the Dodd-Frank Act to make clear that Fannie Mae and Freddie Mac will be held to the same standards as any other secondary mortgage market participants.  A GSE loan purchase or asset-backed security issuance would not affect the status of the underlying assets. The legislation was unanimously approved with a vote of 34-0. H.R. 1221, the Equity In Government Compensation Act. [...]

By |2018-05-03T21:25:45-07:00April 7th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
Read More
WAV Group | Copyright © 2024 All Rights Reserved.