Why IDX at all? A response to 7DS Associates

I cannot speak for The Realty Alliance, Leading RE or any other brokerage. But I can summarize the sentiments of WAV Groups’ broker clients.  This will hopefully shed some light on the question of IDX usefulness, and the issues that are concerning brokers across America representing 200,000 REALTORS. Brokers are upset with recent changes to NAR’s model IDX rules and regulations. Brokers claim that the two recent modifications to IDX, and a third policy revision under consideration; NAR’s MLS Policy Committee failed to contemplate (or appreciate) who owns the data and who is legally responsible for it. The first policy change extended IDX [...]

By |2018-05-03T21:25:42-07:00April 30th, 2011|Broker-Agent Information, Main category|Comments Off on Why IDX at all? A response to 7DS Associates
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Apple now the 5th best selling computer brand in the world!

According to a study released by Canalys today,  Apple fueled the 7% growth of the computer market in Q1, 2011. According to Canalys, pad shipments reached 6.4 million units worldwide. Apple accounted for 74% of these shipments, while other vendors struggled to bring competitive products to market. Canalys expects that next quarter will see a significant change in the market, with products appearing from Acer, Asus, LG and RIM. This continued growth suggests that the iPad and other pad devices are here to stay. They seem to be moving past devices that are purely for games and entertainment and into [...]

By |2018-05-03T21:25:42-07:00April 28th, 2011|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|Comments Off on Apple now the 5th best selling computer brand in the world!
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Realtor.com iPad App released

Yesterday, under the cloak of embargo, Realtor.com released the iPad app to the media. Errol Samuleson, President of MOVE provided us with a walk through of some really great technology, calling it the Etch A Sketch of mobile real estate search. If you are familiar with the popular iPhone, Android, and Windows Mobile applications by Realtor.com, then you know that they have done an admirable job of providing a top of class mobile search product. Like its mobile brethren, the iPad is no different. All in all, it is a great start. Some features I liked are the ability to [...]

By |2018-05-03T21:25:42-07:00April 26th, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off on Realtor.com iPad App released
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MOVE (listhub) renews syndication agreement with Zillow.com

ListHub operator Move, Inc., (NASDAQ: MOVE) and Zillow, Inc., today announced a long term content syndication agreement for the ListHub publishing network.  ListHub is the largest online syndicator of real estate listings to real estate web sites and provider of performance reports for brokers, franchises, and Multiple Listing Services. ListHub is Zillow’s largest listings syndication partner. This agreement confirms Zillow and Move’s commitment to the publishing and syndication of  accurate MLS real estate listings. As a result of the new agreement, ListHub will continue to send approximately two million listings to Zillow directly from 358 MLSs every day representing 40,000 brokers throughout the [...]

By |2018-05-03T21:25:43-07:00April 21st, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off on MOVE (listhub) renews syndication agreement with Zillow.com
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MLS and Cloud Computing

There are some technology companies in real estate who love Cloud Computing. Many of the nations’ most significant websites use it to host their applications, include foursquare. But be aware, there are risks - Imagine the frustration of agent and brokers would express if they tried to login to the MLS or other business critical system, and got a similar message to this.  

By |2017-08-26T02:50:59-07:00April 21st, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off on MLS and Cloud Computing
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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|Comments Off on Brokers and MLSs formulate concerns over new IDX recommendations
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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|Comments Off on Zillow files registration for public offering
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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|Comments Off on IDX Data Use Workgroup Submits Recommendations
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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|Comments Off on Real Estate Technology Buyers Guide by RE Technology
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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|Comments Off on NAR getting negative feedback on #RPPSI
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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|Comments Off on Federal Government passes GSE Reform measures
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