Victor Lund, Author at WAV Group Consulting

Franchisor IDX issues continue

MLS System providers have been working hard on rapidly delivering a solution to support the NEW NAR policy for Franchisor IDX guidelines that is in place between June 13th and the NAR convention in November. Franchise Organizations lost the privilege extended to them at the last NAR meeting that permitted them to display broker listing data that would link to a franchise broker website. This is called Indexing. Non-Franchise brokers do not feel that the Franchisor – who is a third party and not an MLS member, should have these privileges. IDX data had previously been restricted to MLS Participants, [...]

By Victor Lund|2018-05-03T21:25:38-07:00June 22nd, 2011|Broker Technology Research, Main category, MLS Insights|Comments Off

Marilyn Wilson Presentation at MLS Cloud Conference

Thanks to so many of you who requested Marilyn’s powerpoint presentation that was delivered at the MLS Cloud Conference hosted by the Houston Association of REALTORS. It has been a pain to email given the size, so it is posted here and you can download it. Contact Marilyn directly if you would like any details, narration or publishing permissions. […]

By Victor Lund|2018-05-03T21:25:38-07:00June 22nd, 2011|Main category, MLS Insights, Reports|Comments Off

MLS Domains Association Update

Dot MLS Domains In 2009, many of the most progressive real estate technology CEOs set forth to combine their efforts around providing an internet construct that allows consumers to know when they are on an official website powered by MLS data. The problem that consumers face today is that there are so many property search websites which claim to offer MLS data, but do not. Under the current Internet guidelines and provisions, it is nearly impossible for organized real estate to put an end to these false MLS claims that hoodwink consumers. To cure this issue for consumers and [...]

By Victor Lund|2018-05-03T21:25:38-07:00June 21st, 2011|Main category, MLS Insights|Comments Off

Broker Opt Out
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Broker Opt Out

Broker Technology Research, How to Make Strategic Planning Really Work in your MLS, Main category, MLS Insights

Broker Opt Out

Broker Opt Out Buttton The practice of MLS data licensing gives rise to new questions in our industry. The question before us today is: What does Broker Opt-Out mean? WAV Group reached out to a variety of respected industry executives to get an answer to this question. None were able to cite a rule or a legal case that outlined a definition. Moreover, none were able to produce a definition in their MLS rules and regulations. As such, our industry faces a new opportunity. MLSs may define Broker Opt-out and Broker Opt-in as it relates to data licensing as [...]

By Victor Lund|2018-05-03T21:25:39-07:00June 17th, 2011|Broker Technology Research, How to Make Strategic Planning Really Work in your MLS, Main category, MLS Insights|2 Comments

RE Technology releases MLS Success Store

Success Store for MLS Arroyo Grande, Calif., (June 13, 2011) – RE Technology, Inc. (www.retechnology.com), the #1 source for real estate technology information and education online announced Success Store™, a modern, next generation ecommerce tool designed specifically to make it possible for Multiple Listing Service Providers (MLSs) and Associations to generate non-dues revenue by selling real estate technology applications online. Today, MLSs and REALTOR® Associations are actively seeking alternative means for marketing additional products and services to their customers. RE Technology’s new Success Store™ has been specifically tailored to the unique needs to Associations and MLSs. The Success Store™ allows organizations to [...]

By Victor Lund|2018-05-03T21:25:39-07:00June 14th, 2011|Main category|Comments Off

Generating Non Dues Revenue
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Generating Non Dues Revenue

Main category, MLS Insights, Strategic Planning

Generating Non Dues Revenue

Generating Non Dues Revenue MLSs and Associations of REALTORS® are facing budget woes. The decline in the housing market created a cascading impact on dues revenue. The number of subscribers to MLS service has retreated to 2006 averages, coupled with membership losses to Associations of REALTORS®. In isolated real estate markets around the country, MLSs and Associations have become creative at building revenue streams outside of subscription fees and membership dues. Advertising is chief among them. As you have read in leading real estate media sources like RE Technology, Inman News and RIS Media, there are a number of [...]

By Victor Lund|2018-05-03T21:25:39-07:00June 13th, 2011|Main category, MLS Insights, Strategic Planning|Comments Off

FBS First to comply with new IDX Rules

FBS Flex MLS For those of you who attended the NAR Midyear Legislative meetings this spring in Washington DC, you may well understand that NAR Executive Committee passed a modification to the IDX model rules and regulations. Specifically, they altered the component of the rule that refers to the rights of Franchise Organizations to receive an IDX feed. Under the old policy, Franchise Organizations would receive a feed of all IDX listings. Under the new policy, a Franchise Organization may only receive IDX listing if an MLS broker as Opted In to sharing their listings with a particular franchise. [...]

By Victor Lund|2018-05-03T21:25:40-07:00June 10th, 2011|Main category, MLS Insights|Comments Off

CoreLogic v. LPS and RPR Lawsuit
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CoreLogic v. LPS and RPR Lawsuit

Main category, MLS Insights

CoreLogic v. LPS and RPR Lawsuit

Lawsuit On the heals of settling the Civix lawsuit, MLSs are aware that litigation can have significant impacts on the services they offer to their members using third party service providers. The Civix settlement was arranged by NAR legal council and cost MLSs about $9.06 per subscriber. There are other ongoing patent infringement lawsuits for mobile that could also have significant impacts on MLS service providers, but a recent Inman article brought my attention to a suit that CoreLogic has pending against LPS, and by association, RPR™. CoreLogic® has patents on their Automated Valuations tools and claim that [...]

By Victor Lund|2018-05-03T21:25:40-07:00June 8th, 2011|Main category, MLS Insights|Comments Off

If Trulia built MLS systems

Trulia MLS Trulia made a brilliant acquisition around the beginning of 2010 when they purchased @movity. @movity was a company that specialized in taking complex data sets and layering them onto maps in a variety of brilliant ways. Today they are leveraging the skills from the @movity team to explore ways to communicate data easily, and drive engagement. The data kings in the real estate industry are CoreLogic and LPS. They are both companies that collect, warehouse, and distribute massive amounts of data. The focus of these companies has always been data quality and predictive analytics - not necessarily presentation [...]

By Victor Lund|2018-05-03T21:25:40-07:00June 6th, 2011|Main category|Comments Off

FDIC sues CoreLogic and LPS

FDIC is acting as the receiver for the late Washington Mutual Bank, which was seized by the federal government in 2008. Now they are hunting for money using their legal guns, pointing the barrel at Corelogic and LPS. The FDIC is trying to build a case that CoreLogic and LPS overvalued homes it appraised to the point of “gross negligence.”: The FDIC claims that about 75% of the appraisals it examined were inflated. Clearly FDIC has its hands full with this case given the depth of the disclaimers on appraisals, and the awareness that Washington Mutual Bank had of the [...]

By Victor Lund|2018-05-03T21:25:40-07:00June 2nd, 2011|Main category|Comments Off

The Top 10 Searched Real Estate Markets – April 2011

Real Estate SearchWhich real estate markets are getting the most Web traffic? Realtor.com recently released its rankings for April, which reveal the most searched-for markets at its site. Most Popular Real Estate Sites WAV Group decided to research what the most popular destinations for property search are in these markets. In 4 out of the top 10 Markets, Realtor.com is the most popular real estate site. In 3 out of the top 10 Markets, Zillow.com is the most popular real estate site. In 2 out of the top 10 Markets, the MLS website is the most [...]

By Victor Lund|2018-05-03T21:25:40-07:00June 1st, 2011|Broker Technology Research, Main category, MLS Insights|Comments Off

The Era of Listing Syndication Security
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The Era of Listing Syndication Security

Broker-Agent Information, Main category, MLS Insights

The Era of Listing Syndication Security

We have entered a new era in real estate called the Era of Listing Syndication Security. Listing Syndication Security is a technology solution that solves many of the legal and technical concerns related to sending listings to third party websites (Zillow, Trulia, et al) in the form of advertising. WAV Group has published numerous papers on the topic over-viewing the key issues of Terms of Use, Accuracy of Online Listings, Indexing, and so forth. Since its inception 4 or 5 years ago, Listing Syndication has been fraught with business problems typical of any circumstance where many people are sending information [...]

By Victor Lund|2018-05-03T21:25:41-07:00May 6th, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off

About Victor Lund