Zillow seeks forgiveness, not permission: MLSs must enforce cooperation in the AI era
Zillow built its business on cooperation. Now it’s the MLS’s job to defend it.
Zillow built its business on cooperation. Now it’s the MLS’s job to defend it.
In a market where consumer engagement increasingly determines platform success, historical property photos represent just one example of how creative data applications can create competitive advantages.
Enhance buyer confidence with property-level climate data insights and drive leads on your brokerage or MLS site.
As MLSs across the country consider consolidation to strengthen their services and expand their reach, it is critical to provide tangible evidence of excellence in service delivery. The WAV Group Customer Index Survey offers a powerful tool for MLS leadership looking to showcase their strengths in technology, support, training, responsiveness, and data quality. For an MLS considering a merger or partnership, leveraging the survey results can build confidence and demonstrate your ability to deliver exceptional MLS services.
If you are considering a change to how you manage listings, prioritizing compliance to maintain listing accuracy and prevent MLS rules violations is essential.
In the real estate industry, MLS data serves as a critical resource, but full value depends on the quality of the information it contains.
From the very beginning of consumer access to home value estimates, WAV Group has echoed concerns about the damage of such a complex and unregulated data point being shared with homeowners. In the housing finance industry, home value estimates are called Automated Valuation Models or AVMs. The models are more of an art than a science - whereby economists handpick a series of data points that get mashed up into an algorithm. Below is a snapshot of my Homebot valuation, which prompted me to look at other AVMs to compare and contrast the results. The highest valuation was the Zillow [...]
Because the MLS licenses the data from the broker, they must uphold their side of the bargain.
Aidentified is a contact management enhancement tool that allows you to monitor your customer base for any changes, append customer records with missing address, phone, email, and household member information, and find new customers. Companies like Aidentified that tie BIG Data to your data using AI are seeing dramatic adoption.
If you are considering a data share, we hope you find inspiration from WARDEX. WARDEX has positioned itself for data sharing to resolve the problems of overlapping market disorder.
With half of the mortgages going to these Government Sponsored Entities (GSEs), there is an opportunity for Realtors® to be part of the solution. One of the leaders in working with realtors to collect data for GSEs is Clear Capital. They have partnered with CoreLogic to assist with the creation of more modern valuation and appraisal workflows.
CoreLogic has created a data sharing application that allows Matrix customers to add a tab in Matrix that opens a read-only-view session in another Matrix powered MLS. Northwestern Wisconsin MLS and adjacent NorthstarMLS are among the first MLSs to use the data sharing feature.