Trulia Direct Connect

Trulia provided WAV Group with information about their Trulia Direct Reference product today. They have 3 MLSs who intend to put the solution into beta. The goal of the program is to improve data accuracy at Trulia by accessing a data file from the MLS to match against the Trulia data set. WAV Group has echoed the outspoken disappointment that brokers have about data quality on third party websites. This program provides a thesis to help clear up the problem, but questions remain - namely - will the MLS data trump other business rules? Will participation in the program remove [...]

By |2018-05-03T21:25:46-07:00March 15th, 2011|Broker-Agent Information, Main category|Comments Off on Trulia Direct Connect
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Products that get adopted keep it simple! Vendors that make them, look and listen.

Over the past few weeks I have been doing a lot of work with both vendors, brokers and agents evaluating different technologies.  In some cases this involved helping vendors improve their products and on the other side involved helping brokers and agents choose new products.  Something that hit me over and over again in both cases was the fact that our industry has over engineered products over and over again.  Why?  Because we don’t really listen to what users want.  We think we know better.  We understand all of the complex features that need to be included in websites, and [...]

By |2018-05-03T21:25:46-07:00March 11th, 2011|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|Comments Off on Products that get adopted keep it simple! Vendors that make them, look and listen.
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The Real Goal of RPR and CoreLogic

I just returned from speaking at the Leading Real Estate Companies of the World conference in Las Vegas. Leading RE is an amazing group of independent brokerages from across the nation and the world. The Leading RE network represents the largest non-franchise organizations from every marketcenter - I think they have about 600 broker members. Admittedly, my talk to the brokers likely represented the most boring session at the conference - Data Licensing, Listing Syndication, and an explaination of new IDX policies from the NAR MLS Policy committee. Notwithstanding, a few hundred broker owners joined the meeting indicating that they [...]

By |2018-05-03T21:25:47-07:00March 11th, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off on The Real Goal of RPR and CoreLogic
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Do your homework before switching MLS providers

It was March 29th, 2010. CalREDD, the for profit MLS division of the California Association of REALTORS had fallen on hard times. After getting a number of Associations to switch MLS providers and join their new MLS, they were putting out fires everywhere. On a good note, they had reported that REALTOR organizations representing 120,000 REALTORS had signed letters of intent to join CalREDD, but every installation was complex and ridden with issues. To review the state of affairs, check out this post here. Since those early days, much has changed, and much has stayed the same. On a positive note, [...]

By |2018-05-03T21:25:47-07:00March 11th, 2011|Main category|Comments Off on Do your homework before switching MLS providers
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LPS Announces Release of Paragon 5

In the following press release,  LPS announces it has released the new Paragon 5 interface for its 200+ accounts, noting a number of new features including PC and Mac compatibility with cross browser access including Internet Explore, Safari, Firefox, Google Chrome and Opera.  Other notable upgrades include overall system multitasking and improved contact and client collaboration tools. PRESS RELEASE LPS REAL ESTATE GROUP GREATLY EXPANDS MLS SOFTWARE CAPABILITIES WITH COMPLETION OF PARAGON 5 MLS PHASED RELEASE Enhancements to MLS platform include cross-browser capability, multitasking options, improved CMA functionality and New Client Connect module. JACKSONVILLE, Fla. - (March 7, 2011) - LPS [...]

By |2018-05-03T21:25:47-07:00March 8th, 2011|Main category, MLS Insights|Comments Off on LPS Announces Release of Paragon 5
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MLSs and Brokers miss out on revenue opportunity

WAV Group facilitates dozens of MLS strategic plans each year. Once resounding question heard from Associaiton Shareholders and Broker Participants is “How do we generate more non-dues revenue outside of our ranks.” Last night, a new revenue source came to mind. As we all understand, distributing listings to IDX vendors and managing IDX contracts is heavy lifting. Most MLSs charge vendors anywhere from $500 in small MLS markets to $10,000 per year in large markets for RETS access to MLS data. Agents and brokers bear this fee as an added cost of the services they buy from vendors. What did [...]

By |2018-05-03T21:25:50-07:00March 7th, 2011|Broker-Agent Information, Main category|Comments Off on MLSs and Brokers miss out on revenue opportunity
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The entire real estate industry is retiring!

I was reviewing the 2010 National Association of REALTORS Member Profile today and noticed a very alarming fact!  The real estate industry is retiring! Not only has the average age of REALTORS moved from 51 to 54 year old.  While the number of REALTORS that are 60 or older has risen 32% in the past four years, the number of REALTORS that are 39 years old and younger has actually DECREASED 21%!   Not only is the industry concentrated on those that are nearly retirement age, we are LOSING those that are in their prime producing years!   Most MLSs and Associations [...]

By |2018-05-03T21:25:50-07:00March 5th, 2011|Main category|Comments Off on The entire real estate industry is retiring!
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The next horizon for real estate websites

Whats next for real estate? Back in the olden days, just after the MLS book lost its appeal and was replaced by the MLS - a rather interesting new product launched for agent and broker websites called IDX - internet data exchange. The idea behind it was that broker participants of an MLS could display the listings of other participating brokers on each other’s websites. This led to an explosion of broker websites. Everyone has one. After awhile, democratically minded MLS boards gave consideration to the agents and extended IDX privileges to them in most markets, as long as the [...]

By |2018-05-03T21:25:50-07:00March 4th, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off on The next horizon for real estate websites
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Regional MLS in Florida Looking For New Executive Leadership

The Regional MLS  (RMLS), located in Palm Beach Gardens, Florida provides comprehensive MLS services to over 11,000 members.  RMLS is owned by three shareholder associations, the Realtors® Association of the Palm Beaches, the Jupiter Tequesta Hobe Sound Association of Realtors® INC and the Realtors® Association of St. Lucie.   RMLS is currently interviewing candidates for the position of Executive Vice President/GM.  Located in the beautiful Palm Beach Gardens area, RMLS is a growing, forward thinking organization, with a full array of technology products and subscriber services. RMLS is looking for a new Executive Vice President/General Manager with the vision and industry [...]

By |2018-05-03T21:25:50-07:00March 1st, 2011|Main category, MLS Insights, Press Releases|Comments Off on Regional MLS in Florida Looking For New Executive Leadership
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ARMLS turns on Data Share with Tucson – almost statewide

With the flip of a switch or two, the data has been united in nearly every corner of Arizona. Technically this is not a statewide data share, nor was that the intent, but the two largest MLSs in the great state of Arizona have agreed to share listings. The effort was made simple by the common MLS platform, FBS Data’s FlexMLS system. Not all fields are shared, just the important ones that allow agents to get customers some information and turn them over as a referral to an agent in the other MLS. There is no offer of compensation - [...]

By |2018-05-03T21:25:50-07:00February 24th, 2011|Main category|Comments Off on ARMLS turns on Data Share with Tucson – almost statewide
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CoreLogic launches Partner InfoNet at Bankers Conference

Many Associations and MLSs are investigating data licensing options with the National Association of REALTORs REALTOR Property Resource(RPR) and CoreLogics Partner InfoNet. WAV Group has been keeping an eye over on the banker side of the industry where the licensed data will be sold as a service. Today at the Mortgage Bankers Association National Servicing Conference, Elaine Therrien of CoreLogic announced zip-code level valuations powered by MLS data. The story was covered by John Prior of HousingWire. Not sure of the pricing yet. Will keep you posted. LPS is the vendor of record for RPR offering for this type of data service. [...]

By |2018-05-03T21:25:50-07:00February 23rd, 2011|Main category|Comments Off on CoreLogic launches Partner InfoNet at Bankers Conference
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Twitter for Real Estate continues to emerge

In the world of twitter, I feel like an ancient.  I started playing around with in June of 2007 and framed it up for the real estate industry in March of 2008 with a post calledTwitterstate: Twitter for real estate. That post has received 76,404 visits - making it one of the WAV Groups more popular posts. When did twitter launch? Twitter launched in July of 2006. WAV Group is not a social media consulting firm, but we understand it, we use it, and to a great extent, we encourage our customers to use social media to communicate to customers. [...]

By |2018-05-03T21:25:51-07:00February 22nd, 2011|Broker-Agent Information, Main category|Comments Off on Twitter for Real Estate continues to emerge
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