MLS Insights Archives

WAV Group Week in Review September 18 2011

The predominant buzz in real estate this week was focused on successful and unsuccessful buyouts. On the successful side of buyouts, a talented team of managing executives from LPS was able to complete a buyout of non-MLS products and form a new company called RED, an acronym for Real Estate Digital. In a more straightforward buyout, CoreLogic purchased MLS provider Tarasoft, rolling that system under their Marketlinx brand. On the unsuccessful side of buyouts, the Arizona State Association of REALTORS was unsuccessful in its bid to purchase the shares of ARMLS, its first leg in a course to develop a [...]

By Victor Lund|2018-05-03T21:25:28-07:00September 18th, 2011|Main category, MLS Insights|Comments Off

CoreLogic purchases Tarasoft MLS

WAV Group wants to congratulate Corelogic for the successful purchase of Tarasoft. Although the official announcement has not been released, both companies are in the process of advising their clients of the transaction. Like most CoreLogic acquisitions, the independence of Tarasoft as an operating entity is likely to remain consistent with Tarasoft practices. Over time, CoreLogic will supply resources where necessary to grow, support and improve the already excellent relationships the company has with its clients. Tarasoft has significant market share in Canada, along with some of the largest MLSs in America – including CRMLS and MLS Listings in California [...]

By Victor Lund|2018-05-03T21:25:28-07:00September 16th, 2011|Main category, MLS Insights|Comments Off

Arizona Statewide MLS initiative fails

With great hopes, a terrific plan, and strong leadership – the Arizona State Association of REALTORS set forth to unite the independent Associations of REALTORS under a common MLS. The dream was unification – all of real estate under one state law, operating on one MLS data system with one set of rules. It was August 8th, 2011 that the confederates of the initiative first waived their bunting. Sadly, it was announced today that there will be no United MLS of Arizona. As it turns out, only 2 of the 4 shareholders of ARMLS agreed to sell their state in [...]

By Victor Lund|2018-05-03T21:25:29-07:00September 15th, 2011|Main category, MLS Insights|Comments Off

RPR is in good hands with LPS and RED

It would seem that some MLSs were a bit concerned about the bifurcation of service being provided to RPR by LPS. According to the announcement, Real Estate Digital, or RED will be continuing to do what that group has always done in terms of data aggregation. Only now, RED will be a subcontractor to LPS. In a letter today, RPR CEO Dale Ross submitted the following: This e-mail is a courtesy message from RPR about the press release issued yesterday from Real Estate Digital (RED), announcing a management buy-out of select assets of LPS Real Estate Group and the formation [...]

By Victor Lund|2018-05-03T21:25:29-07:00September 15th, 2011|Main category, MLS Insights|Comments Off

LPS issues announcement on MLS Services division

Transfers Products to Newly-Formed Real Estate Digital (RED), and Enters into a Joint Marketing Agreement with RED. In an effort to expand its commitment to and focus on the MLS market, LPS has merged its MLS business unit into LPS Applied Analytics and has sold a number of its real estate products to Real Estate Digital, LLC (RED), with whom LPS entered into a joint marketing agreement. This new alignment will enable LPS MLS Solutions to expand and streamline its current offerings to enhance MLS solutions and better serve our customers and their clients. “Our assimilation into LPS Applied [...]

By Victor Lund|2018-05-03T21:25:29-07:00September 14th, 2011|Broker Technology Research, Main category, MLS Insights, Press Releases|4 Comments

Real Estate Digital Spins Out of LPS Real Estate Group

Real Estate Digital (or RED), announced a management buy-out of select assets of LPS Real Estate Group and the formation of the new company. RED, the new privately-held corporation, will focus on the support of 12 core technology products offered to the real estate industry today: rDesk® Websites, rDesk® CRM, rDesk® CMA, rDesk® IDX, Real Estate & Living Media®, reDataVault, TransactionPoint®, DocCentral, FormCentral, Data Aggregation System, Neighborhood and School Reports and MLS Portal. Executive leadership of the company includes current LPS Real Estate Group President Jay Gaskill, CTO John Hensley, CSO Prem Luthra, and CFO Mike Kovar. The company expects [...]

By Victor Lund|2018-05-03T21:25:29-07:00September 14th, 2011|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights, Press Releases, Strategic Planning|Comments Off

National Representative for Listing Copyright Infringement
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National Representative for Listing Copyright Infringement

Main category, MLS Insights

National Representative for Listing Copyright Infringement

I read a funny story over the weekend that embarrassed a rather “less than upstanding” member of the legal community representing newspapers in copyright infringement cases. I will recap that story in a minute, but it did make me think about a few rather important comments made by Brian Larson of Larson/Sobodka at recent conferences. I cannot paraphrase Larson effectively, but summarize that he believes that MLSs should take the issue of Copyright infringement very seriously. (Larson and other legal colleagues are sure to be discussing this at the Legal Symposium as part of the upcoming CMLS Conference). MLSs need [...]

By Victor Lund|2018-05-03T21:25:29-07:00September 12th, 2011|Main category, MLS Insights|Comments Off

WAV Group Week in Review September 10 2011

In real estate technology this week, there were two announcements that caught our attention regarding Automated Valuations (AVM). Trulia launched Trulia Estimates, their version of property valuations for consumers that competes with public website rival, Zillow and Zestimates. Along the same lines, CoreLogic announced this week that they have licensed more than 1 million active property listings from MLSs through their Partner InfoNet program (PIN) powering their institutional AVM products. CoreLogic is in a race with NAR’s initiative called Realtors Property Resource or RPR. Lender Processing Service (LPS) licenses active listing data from RPR to power their commercial AVM product. [...]

By Victor Lund|2018-05-03T21:25:29-07:00September 10th, 2011|Broker Technology Research, Main category, MLS Insights, Press Releases|Comments Off

Communication Strategy for Real Estate
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Communication Strategy for Real Estate

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

Communication Strategy for Real Estate

One of the fundamental core values of the MLS (beyond offers of compensation) is the organization and communication of property information database. The role of the MLS as a communicator is a hotly debated topic, because the communicator becomes the identity and spokesperson to a wide range of agents and consumers alike. The MLS as a communicator is largely predicated by the governance of the MLS, its bylaws, and the standards set by the MLS shareholders and board of directors. Today, most MLSs have one or more REALTOR Associations as their shareholders. The board of directors is typically appointed by [...]

By Victor Lund|2018-05-03T21:25:30-07:00August 30th, 2011|Broker Technology Research, How to Make Strategic Planning Really Work in your MLS, Main category, Marketing, MLS Insights, Strategic Planning|Comments Off

Melanie Blakeney Selected as MAAR’s New Leader

MEMPHIS, Tenn., August 25, 2011 – Today the Memphis Area Association of REALTORS® Board of Directors named Melanie Blakeney as its Executive Vice President, effective Dec. 1, 2011. She succeeds long-time Executive Vice President Jules Wade, who will be retiring this fall. Blakeney currently is Executive Vice President over MAAR’s Commercial Council and MLS. She came to MAAR in 1999 from the Lafayette Board of REALTORS® in Louisiana, where for a decade she served as President/CEO. Previously, she was Executive Officer over the Norman Board of REALTORS® in Oklahoma. She is a graduate of the University of Oklahoma in Norman. [...]

By Marilyn Wilson|2018-05-03T21:25:30-07:00August 29th, 2011|Main category, MLS Insights, Press Releases|Comments Off

Dot MLS is the right side of the dot

Dot MLS Domains I was provided with a couple of previews of articles written by Judith Lindenau of the .MLS DomainAssociation today. Judith is a key member of the team volunteering their energy to pursue a top level domain name for the real estate industry called .MLS. You will see them on RE Technology next week (email me if you need an account). A Top Level Domain is what happens on the “right side of the dot.” a metaphor that I really like. On today’s internet, .com or .net are pretty meaningless. The concept of the new [...]

By Victor Lund|2018-05-03T21:25:30-07:00August 26th, 2011|Main category, MLS Insights|Comments Off

Marty Reed Promoted at LPS

WAV Group would like to extend a sincere congratulations to our friend, Marty Reed of LPS. LPS Executive Rich Lull announced today that Marty Reed has accepted a new position expanding her role with LPS Real Estate Group’s MLS business. “Marty and team has done an incredible job with the development and launch of Paragon 5, currently being deployed by LPS’s 200+ Paragon accounts, and being presented to a number of MLS’s for consideration for conversion,” says Lull. Effective immediately, Ms. Reed will assume the role of VP ParagonSolutions, taking on responsibility for P&L management of the Paragon suite of [...]

By Victor Lund|2018-05-03T21:25:31-07:00August 17th, 2011|Main category, MLS Insights|Comments Off