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6 10, 2015

A TRULY Broker-Centric MLS – What a Concept!

By |2018-05-03T21:23:34-07:00October 6th, 2015|Main category, MLS Insights|Comments Off on A TRULY Broker-Centric MLS – What a Concept!

The now infamous GRIPE List issued by Craig Cheatham back in 2013 has led to a plethora of new ideas and initiatives. From the momentum of RESO Data Standards, to the Broker Public Portal and Upstream, the confrontation has led to more innovative ideas and initiatives than we’ve seen in many, many years. Last month MRIS and TREND announced a ground-breaking intention to find a way to partner with each other to create a brand new organization built with the fundamental goal to create a truly broker-centric MLS. According to David Charron, President and CEO of MRIS, “We are committed [...]

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6 10, 2015

How about MLS coverage defined by individual broker needs?

By |2018-05-03T21:23:34-07:00October 6th, 2015|Main category, MLS Insights|Comments Off on How about MLS coverage defined by individual broker needs?

Last week MRIS and TREND announced a ground-breaking intention to find a way to partner with each other to create a brand new organization built with the fundamental goal to create a truly broker-centric MLS. If the taskforce formed that has been at work for over ten months can be successful, they will open up a huge market opportunity for brokers in the Mid-Atlantic region. Collectively, TREND and MRIS cover 31,000 square miles, 17 million consumers, 7 million on and off market properties, and 10 million property parcels. The group has drafted a Shared Commitment and Vision paper to help [...]

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31 10, 2012

How MLSs and MLS vendors are failing brokers

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

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22 11, 2011

Great Vendors Embrace Rules

By |2018-05-03T21:25:22-07:00November 22nd, 2011|Broker Technology Research, Main category, Marketing, MLS Insights, Product Management, Strategic Planning, Technology Evaluation|Comments Off on Great Vendors Embrace Rules

There has been a lot of conversational concern about companies that enter into new verticals of data management and service offerings. Four such instances were announced this year. REALTORS® Property Resource contracts with LPS for data services and LPS subcontracts to Real Estate Digital. Zillow purchased an IDX vendor, Diverse Solutions. MOVE purchased Threewide, the providers of the popular Listhub syndication service. CoreLogic launched a new appraisal tool leveraging MLS data. In every case, the vendor has been virtuous and adhered to contracts and data use rules. In each of these cases, many feared that data could be misused or [...]

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15 09, 2011

RPR is in good hands with LPS and RED

By |2018-05-03T21:25:29-07:00September 15th, 2011|Main category, MLS Insights|Comments Off on 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 [...]

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14 09, 2011

Real Estate Digital Spins Out of LPS Real Estate Group

By |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 on 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 [...]

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2 08, 2011

Russ Bergeron honored as Industry Leader

By |2018-05-03T21:25:33-07:00August 2nd, 2011|Main category, MLS Insights|Comments Off on Russ Bergeron honored as Industry Leader

Today’s RE Technology Follow the Leader Series profiles Russ Bergeron. According to RE Technology, Bergeron, CEO of Midwest Real Estate Data, LLC (MRED) deserves recognition for his leadership on every level, but we’re going to be a bit more specific for this article. We’ll be focusing on his implementation of MRED’s “public service apps,” creating a new way to bring leading-edge technology and support to his customers. MRED Public Service Apps Mr. Bergeron proves that a great leader never rests on his laurels, no matter how successful his company may be. MRED is one of the largest MLSs in the [...]

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30 11, 2010

One Broker’s Case Study – Taking Back Control ( part 4 of a 5 part series)

By |2018-05-03T21:25:56-07:00November 30th, 2010|Broker Technology Research, Broker-Agent Information, Main category|Comments Off on One Broker’s Case Study – Taking Back Control ( part 4 of a 5 part series)

One Broker’s Case Study- Taking Back Control Brokers, large and small, face significant challenges they did not face 20 years ago.  Profit margins have eroded and control over their independent contractors has been minimized.   The consumer has taken on a much more vocal role in the process and is forcing transparency and responsiveness never before experienced.   Some of these challenges are related to technology and the advance of the Internet while others are cultural challenges that have come about through the changing broker/agent relationship.  WAV Group’s new white paper explores the issues behind the broker’s challenge to gain better control and [...]

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3 08, 2010

Listing Book LLC to Acquire Cyberhomes.com

By |2018-05-03T21:26:03-07:00August 3rd, 2010|Main category, MLS Insights|1 Comment

Press Release Listingbook LLC Enters into a Definitive Agreement with LPS Real Estate Group to Acquire Cyberhomes.com Listingbook will continue to operate the website as a ‘best-in-class online real estate destination powered by LPS premier data aggregation services   JACKSONVILLE, Fla. and GREENSBORO, N.C. Aug. 3, 2010 Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, announced today that its subsidiary, LPS Real Estate Group, Inc., and Listingbook LLC, a leading provider of broker and agent client servicing applications, have signed an agreement for Listingbook to take over [...]

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16 04, 2010

Russ Bergeron to Join MRED as Executive Officer

By |2018-05-03T21:26:09-07:00April 16th, 2010|Main category, MLS Insights|Comments Off on Russ Bergeron to Join MRED as Executive Officer

Midwest Real Estate Data Lands New CEO   Lisle, IL (April 16) - Midwest Real Estate Data LLC (MRED), the Chicagoland Multiple Listing Service serving nearly 40,000 real estate professionals, announced today that Russ Bergeron will be assuming the role of Chief Executive Officer at the end of May. Mr. Bergeron comes to MRED from Southern California Multiple Listing Service where he has been CEO since its formation in 1993. As head of the largest MLS in the state of California and second largest in the nation, he is known throughout the world for his leadership in bringing technological advances [...]

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1 02, 2010

MarketLinx provides online auction solution

By |2018-05-03T21:26:15-07:00February 1st, 2010|Main category|Comments Off on MarketLinx provides online auction solution

MarketLinx, Inc.,  provider of information technology to the residential real estate industry and a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has partnered with RealtyBid.com to offer an integrated online real estate auction tool to its MLXchangeTM, TEMPO® and InnoViaTM multiple listing service (MLS) customers.  Through the agreement, MarketLinx MLS users can easily upload listing data and photos to RealtyBid.com and start an online auction with just a few mouse clicks. […]

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20 01, 2010

Marketlinx wins renewal at SOCAL MLS

By |2018-05-03T21:26:17-07:00January 20th, 2010|Main category, MLS Insights|Comments Off on Marketlinx wins renewal at SOCAL MLS

Press Release (Disclosure:  Marketlinx is a WAV Group Client) LOS ANGELES Calif., Jan. 20, 2010 SoCalMLS, Californias largest multiple listing service (MLS), and MarketLinx, Inc., a leading provider of information technology to the residential real estate industry and a member of The First American Corporation (NYSE: FAF) family of companies, today announced they have signed a multiyear agreement for MarketLinx to provide MLS software products to SoCalMLS and its nine REALTOR® associations.  Serving more than 46,000 members in Southern California, SoCalMLS is one of the largest multiple listing service providers in North America. […]

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