MLS Insights Archives

Where is the Genius Bar for Real Estate Tech?

There is no doubt that consumers trust an expert more than they trust themselves. If you look back at breakthroughs that have lead to consumer success and major increases of consumption and adoption, it always occurs when the vendor provides a local expert. Apple was not the first company to figure this out. There are many examples, but certainly Rite-Aid did it with an in-store pharmacist; Home Depot did it with in store builders and remodelers; and Best Buy did it in technology. What Apple did was take it all to a new level with product super heros. The Strategy [...]

By Victor Lund|2018-05-03T21:24:42-07:00February 11th, 2013|Broker Technology Research, MLS Insights|Comments Off

Listing Input Forms Rise Again
Gallery
Listing Input Forms Rise Again

Broker Technology Research, Main category, MLS Insights

Listing Input Forms Rise Again

If you are like me, you recognize that it was not very many years ago that agents relied on completing a listing input form as a primary method to submit a listing to the MLS. Indeed, in many markets today, MLSs still allow agents to fax in their listing, or broker administrators enter the listing for the agent. This is all happening at a time when many agents are clamoring for MLS listing input using their mobile device or tablet. In a tale of new school meets old school, Instanet is providing a new listing input service; the very service [...]

By Victor Lund|2018-05-03T21:24:42-07:00January 31st, 2013|Broker Technology Research, Main category, MLS Insights|4 Comments

Trulia tries harder, Alon Chaver speaks up

WAV Group works with brokers and MLSs who have been fed up and frustrated with the data quality on third party listing websites like Trulia, Zillow and others. We study and measure the problem in detail - and have published countless articles, papers, and reports on the topic. Frankly, the discussion about the ills of listing syndication are getting tired and laborious. It is the same stuff regurgitated over and over again. But today, a shining light appeared in an article on RE Technology. Trulia launched a dedicated effort to make a difference. Today, Trulia announced that they are moving to a [...]

By Victor Lund|2018-05-03T21:24:43-07:00January 30th, 2013|Broker Technology Research, Main category, MLS Insights|2 Comments

TheMLS.com Senior .Net Developer Position Available

Opportunity TheMLS.com is seekng to hire a seasoned developer for the position of Senior .NET Developer . They are looking for a full time programmer with solid ASP/.NET/C# experience to design, develop, test and modify web based applications to join our Los Angeles based company. This position is looking for someone with excellent communication, organizational, analytical, and writing skills. The ideal candidate will be self-motivated, highly independent and proactive to help the company provide an industry-leading customer experience. ORGANIZATIONAL DESCRIPTION: TheMLS is one of the leading multiple listing service organizations in the country, serving approximately 11,000 real estate professionals in the Greater Los Angeles [...]

By Marilyn Wilson|2018-05-03T21:24:44-07:00January 8th, 2013|Main category, MLS Insights|Comments Off

Larson Sobotka selected as general counsel for CMLS

Minneapolis, December 26, 2012: The Council of Multiple Listing Services (CMLS) announced that it has selected the law firm of Larson/Sobotka, PLLC, as its general counsel. Larson/Sobotka, led by managing member Brian N. Larson, brings substantial experience in MLS matters to the service of CMLS, the leading association representing multiple listing services in North America. "We are pleased to assist an important leader in the real estate industry," said Larson, who was chief staff officer of an MLS for nearly a decade and has served MLSs as outside counsel for more than a decade. "We have a unique set of skills and experiences," he [...]

By Victor Lund|2018-05-03T21:24:44-07:00December 26th, 2012|Main category, MLS Insights, Press Releases|Comments Off

Cindy Miller joins NTREIS

WAV Group had the opportunity to work with North Texas Real Estate Information Systems in 2012, facilitating the company's strategic plan. NTREIS is among the largest MLS service providers in the nation, and probably covers more square miles of real estate than anyone (not fact checked). It is a great organization with a popular governance model that establishes each Association of REALTORS® as the MLS Service provider to their members, powered by NTREIS. The Associations are the first line of support, training, and billing to the agents. During our project, we had the opportunity to work closely with Cindy Miller [...]

By Victor Lund|2018-05-03T21:24:46-07:00December 4th, 2012|Main category, MLS Insights, Strategic Planning|Comments Off

WAV Group 2012 MLS Technology Survey Report – Released!

We are pleased to present the results from the WAV Group 2012 MLS Technology Survey for your review and ongoing technology evaluation. From September 29, 2012 to November 4, 2012 WAV Group fielded the WAV Group 2012 MLS Technology Survey to participating MLSs. 72 MLSs, representing 37 different states or provinces participated in the survey at both staff and user level. 15,130 individual participants filled out the survey completely making it the largest survey of its kind. WAV Group would like to thank all of the MLSs and individual respondents that participated. Download the report here! Participants Receive Additional Report This [...]

By THE WAV GROUP|2018-05-03T21:24:47-07:00November 28th, 2012|Main category, MLS Insights, Our Services, Technology Evaluation|Comments Off

Zillow expands rental offering with Hotpads acquisition

Market leading real estate publisher Zillow expanded their footprint by entering into an agreement to purchase Hot Pads today. The strategy behind the acquisition seems squarely aimed at conquering a larger audience of real estate consumers, namely consumers interested in rental properties. In October, Hotpads had nearly 2.8 Million Unique Visitors. Depending on how you add up traffic to Zillow and their other sites like realestate.yahoo.com, it adds up to less than a 5% increase in traffic. Moreover, Zillow picks up highly skilled staff that understand the real estate portal business, and how to manage data. Although Zillow already has [...]

By Victor Lund|2018-05-03T21:24:47-07:00November 26th, 2012|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|Comments Off

Data Only Brokers
Gallery
Data Only Brokers

Broker Technology Research, Broker-Agent Information, Main category, Marketing, MLS Insights

Data Only Brokers

There are lots of brokers who subscribe to MLS services. They are called participants, and as participants they are provided data rights beyond agents, and way beyond vendors or third parties. Moreover, participants are the nucleus of reciprocal offers of compensation, an agreement that if one broker represents a willing buyer and the other broker represents a willing seller, they will share compensation. There is a new brokerage model that has entered the MLS sphere, and I am not sure if it is a good thing or a bad thing. I will call this type of brokerage a "Data Only Broker" or [...]

By Victor Lund|2018-05-03T21:24:47-07:00November 20th, 2012|Broker Technology Research, Broker-Agent Information, Main category, Marketing, MLS Insights|9 Comments

CMLS brainstorms new approach for MLS Rules

The CMLS meetings (Council of MLS) were held on Wednesday, November 7th. There were numerous presentations but one in particular seemed to engage the Nation's leading MLS executives in attendance - ReThink MLS. The question before the panel was "What If We Started from Scratch?" As we all know, MLS rules (including Broker Reciprocity) provides structure for how brokers and agents will behave when sharing listings with one another: Two problems have arisen since these rules were first crafted more than a dozen years ago. The MLS rules have become cumbersome in length and somewhat unwieldy to manage and enforce. [...]

By Victor Lund|2018-05-03T21:24:47-07:00November 12th, 2012|Main category, MLS Insights, Strategic Planning|1 Comment

Your Real Estate Website is Illegal

It is November, that time of year when you need to schedule the update on your copyright to © 2013 before January 1st. But there is more that you should be considering, a revision to the way that you handle the terms of use. Most real estate websites place their terms of use conspicuously down deep in the footer of their website, along with their privacy policy. This is the way that it has been done for years. However, a court case involving Amazon.com subsidiary, Zappos just changed all of that. In the Zappos case, 24 million consumer email addresses [...]

By Victor Lund|2018-05-03T21:24:48-07:00November 1st, 2012|Broker Technology Research, Main category, MLS Insights|3 Comments

How MLSs and MLS vendors are failing brokers
Gallery
How MLSs and MLS vendors are failing brokers

Broker Technology Research, Broker-Agent Information, Main category, MLS Insights

How MLSs and MLS vendors are failing brokers

Let me begin by saying that the remarks that follow do not apply to all MLSs. There are many that do an excellent job at servicing the data needs of brokers. The focus of this article is to talk about some of the common failures seen by WAV Group consultants trying to help brokers fix complex data problems. There is a fundamental understanding of the MLS which has been lost. Although MLS systems provide excellent services through the MLS software, many are failing at providing data services to the brokers and agents to power the many applications that live outside [...]

By Victor Lund|2018-05-03T21:24:48-07:00October 31st, 2012|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|Comments Off