If you didn't find what you were looking for, try a new search!
RESO Broker Advisory Group's workshop last September pushed some hotly debated topics among its members. One subject receiving a fair amount of back-and-forth dialogue was Marilyn Lund's concept of a "TSA-Precheck" program for data consumers requesting access to real estate data.
Google continues to enhance the tools available with a G-Suite subscription. My eyebrows frown when I learn an organization’s Marketing or Operation teams are not taking advantage of one of the Business Intelligence (BI) tools like Google Data Studio. Last week, the Data Studio team just released a bunch of new enhancements and training for their G-Suite customers.
I love to see it when smart MLSs get together to make it easier for brokers and agents to sell more properties! The Northeast Florida MLS and Hernando County Association of REALTORS® are the latest to find a way to collaborate to make 20,000 listings available seamlessly now that 5 organizations are contributing data to one data share. These guys are also doing something else smart! They created a simple video to describe the relationship in simple terms so REALTORS® can take full advantage of the program. Check it out by clicking on the image below! https://vimeo.com/293605769 This type of [...]
In any market, the transactions that define market trends are evident in MLS data more clearly than any other data source. However, third party companies like portals and public record firms have become the de facto source of market information to the major media outlets. A number of years ago, the Council of MLSs (CMLS) explored hiring a Chief Economist and a PR firm to position MLSs as the most valued source of market data. For a number of reasons, CMLS did not pursue the strategy, but did create a focus on establishing best practices for MLSs to effectively communicate [...]
Very few people understand the difference between the data that is in the Native database of an MLS and the data that is shipped out of an MLS. The Real Estate Standards Organization (RESO) has created a Data Dictionary of fields and field enumerations for data being shared with brokers and technology providers. The Native data in the MLS – the data that the broker’s agent enters into the MLS system is custom to every MLS. Not anymore! My Florida Regional MLS (MFRMLS) is among the first MLSs in the country to adopt the same RESO language in their Native MLS. Here’s why this is important.
Over the last month, a lot of people are talking about data. Inman Disconnect crafted a data statement as one of its Parker Principles, Real Estate Standard Organization (RESO.org) Spring 2018 Conference was all about data, and the Information Technology and Innovation Foundation (ITIF) held a panel to discuss how real estate can be more competitive with technology, which included data as a component of its theme. Here are some thoughts on the good, bad and ugly uses of data.
Realtors Property Resource® (RPR) offers a feature called RPR View™ which is now the largest MLS data share in the U.S. Since its initial Residential Platform launch in 2010, MLSs licensing their information to RPR have a choice to display their active and sold records “only to their subscribers,” or to a wider audience like “statewide,” or “all REALTORS® nationwide.” MLSs can also selectively opt into sharing with specific markets. All 1.2 million REALTORS® have access to RPR and over 700,000 REALTORS® have accounts. RPR also has over 665 licenses with MLSs and Associations, with the majority having a policy [...]
WAV Group supports brokers and MLSs in constructing data licensing agreements with users of data records that belong to the broker. When a company like Zillow ingests broker data, likeZILLOW340x230 all recipients, they must adhere to the data license agreement which typically requires that you cannot allow the data to be used by a third party. The blog McMansionHell.com is learning the hard way that using data from Zillow without proper authority is a copyright violation that Zillow will pursue. Not only will Zillow pursue the violation, but they may be contractually bound to pursue the violation. The media around the case is [...]
The data we use in the real estate industry to understand market trends and to help buyers and sellers in their real estate transactions is largely historic. Another way to look at that, is, it is dated, old news. We have real estate markets today that are changing very quickly. Changes may be driven by high numbers of distressed property sales, REOs, short sales, and foreclosures etc. or normal market activity but the results are the same. Much of the real market activity in the form of offers is currently invisible. This means there may be a huge amount of [...]
If you want something to remind you how fast things are going in our world today just think back to where things were in San Diego at the NAR Conference in 2009, when RPR was announced for real! Things have moved pretty dramatically since that first sales pitch, not just for RPR, but also for real estate data in general. In that 20 months we have seen RPR grow to have agreements with 274 MLSs and over 500,000 Realtors. RPR reports they are launched in 80 MLSs serving about 224,000 Realtors and recent months have seen some of the big [...]
CoreLogic announced today the addition of two more MLSs to their InfoNet™ program. We received confirmation from CoreLogic that they currently have a total of 49 accounts in the program, representing 260,000 agents and 860,000 listings. An interesting side note of their Partner InfoNet™ program is the fact that their DataCoop products seems to be getting some serious consideration and use. A number of MLSs are receiving their DataCoop product for free if they are an exclusive InfoNet™ partner and others are paying for it, but they note the price is not high. According to CoreLogic, they are seeing MLSs beginning to share [...]
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 - [...]
