Case-Shiller Trashed by, Zillow, and RBI

If you add up the comments across the real estate technology space during the past few days, you will find a resounding thunder of criticism over the quality of the S&P Case-Shiller index, powered by Fiserv data. Companies like, Zillow, and RBI were the most vocal on their blogs. LPS and CoreLogic probably have opinions similar to Zillow and RBI. They have observed the weaknesses of the Case-Shiller index for years. I think that they are just a little less apt to douse Case-Shiller publically. Talk to any of the data specialists at either LPS or CoreLogic, and you will [...]

By |2018-05-03T21:25:37-07:00June 29th, 2011|Broker Technology Research, Main category, MLS Insights|1 Comment
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CEO Opening for Greater Las Vegas Association of REALTORS

WAV Group has been retained to hire a new Chief Executive Officer for the Greater Las Vegas Association of REALTORS®. The job description is listed here. If you have any questions about the position, feel free to drop me a line at marilyn@wavgroup.com. ORGANIZATIONAL DESCRIPTION: The Greater Las Vegas Association of REALTORS® is the 6th largest real estate association in the United States serving over 11,000 members with a strong breadth of MLS services and Association benefits. […]

By |2018-05-03T21:25:37-07:00June 28th, 2011|Main category, MLS Insights|Comments Off on CEO Opening for Greater Las Vegas Association of REALTORS
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Franchisor IDX issues continue

MLS System providers have been working hard on rapidly delivering a solution to support the NEW NAR policy for Franchisor IDX guidelines that is in place between June 13th and the NAR convention in November. Franchise Organizations lost the privilege extended to them at the last NAR meeting that permitted them to display broker listing data that would link to a franchise broker website. This is called Indexing. Non-Franchise brokers do not feel that the Franchisor – who is a third party and not an MLS member, should have these privileges.  IDX data had previously been restricted to MLS Participants, [...]

By |2018-05-03T21:25:38-07:00June 22nd, 2011|Broker Technology Research, Main category, MLS Insights|Comments Off on Franchisor IDX issues continue
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Marilyn Wilson Presentation at MLS Cloud Conference

Thanks to so many of you who requested Marilyn’s powerpoint presentation that was delivered at the MLS Cloud Conference hosted by the Houston Association of REALTORS. It has been a pain to email given the size, so it is posted here and you can download it. Contact Marilyn directly if you would like any details, narration or publishing permissions. […]

By |2018-05-03T21:25:38-07:00June 22nd, 2011|Main category, MLS Insights, Reports|Comments Off on Marilyn Wilson Presentation at MLS Cloud Conference
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MLS Domains Association Update

Dot MLS Domains In 2009, many of the most progressive real estate technology CEOs set forth to combine their efforts around providing an internet construct that allows consumers to know when they are on an official website powered by MLS data. The problem that consumers face today is that there are so many property search websites which claim to offer MLS data, but do not. Under the current Internet guidelines and provisions, it is nearly impossible for organized real estate to put an end to these false MLS claims that hoodwink consumers. To cure this issue for consumers and [...]

By |2018-05-03T21:25:38-07:00June 21st, 2011|Main category, MLS Insights|Comments Off on MLS Domains Association Update
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Broker Opt Out

Broker Opt Out Buttton The practice of MLS data licensing gives rise to new questions in our industry. The question before us today is: What does Broker Opt-Out mean? WAV Group reached out to a variety of respected industry executives to get an answer to this question. None were able to cite a rule or a legal case that outlined a definition. Moreover, none were able to produce a definition in their MLS rules and regulations. As such, our industry faces a new opportunity. MLSs may define Broker Opt-out and Broker Opt-in as it relates to data licensing as [...]

By |2018-05-03T21:25:39-07:00June 17th, 2011|Broker Technology Research, How to Make Strategic Planning Really Work in your MLS, Main category, MLS Insights|2 Comments
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Generating Non Dues Revenue

Generating Non Dues Revenue MLSs and Associations of REALTORS® are facing budget woes. The decline in the housing market created a cascading impact on dues revenue.  The number of subscribers to MLS service has retreated to 2006 averages, coupled with membership losses to Associations of REALTORS®. In isolated real estate markets around the country, MLSs and Associations have become creative at building revenue streams outside of subscription fees and membership dues. Advertising is chief among them. As you have read in leading real estate media sources like RE Technology, Inman News and RIS Media, there are a number of [...]

By |2018-05-03T21:25:39-07:00June 13th, 2011|Main category, MLS Insights, Strategic Planning|Comments Off on Generating Non Dues Revenue
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FBS First to comply with new IDX Rules

FBS Flex MLS For those of you who attended the NAR Midyear Legislative meetings this spring in Washington DC, you may well understand that NAR Executive Committee passed a modification to the IDX model rules and regulations. Specifically, they altered the component of the rule that refers to the rights of Franchise Organizations to receive an IDX feed. Under the old policy, Franchise Organizations would receive a feed of all IDX listings. Under the new policy, a Franchise Organization may only receive IDX listing if an MLS broker as Opted In to sharing their listings with a particular franchise. [...]

By |2018-05-03T21:25:40-07:00June 10th, 2011|Main category, MLS Insights|Comments Off on FBS First to comply with new IDX Rules
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CoreLogic v. LPS and RPR Lawsuit

Lawsuit On the heals of settling the Civix lawsuit, MLSs are aware that litigation can have significant impacts on the services they offer to their members using third party service providers. The Civix settlement was arranged by NAR legal council and cost MLSs about $9.06 per subscriber. There are other ongoing patent infringement lawsuits for mobile that could also have significant impacts on MLS service providers, but a recent Inman article brought my attention to a suit that CoreLogic has pending against LPS, and by association, RPR™. CoreLogic® has patents on their Automated Valuations tools and claim that [...]

By |2018-05-03T21:25:40-07:00June 8th, 2011|Main category, MLS Insights|Comments Off on CoreLogic v. LPS and RPR Lawsuit
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The Top 10 Searched Real Estate Markets – April 2011

  Real Estate SearchWhich real estate markets are getting the most Web traffic? Realtor.com recently released its rankings for April, which reveal the most searched-for markets at its site.   Most Popular Real Estate Sites WAV Group decided to research what the most popular destinations for property search are in these markets. In 4 out of the top 10 Markets, Realtor.com is the most popular real estate site. In 3 out of the top 10 Markets, Zillow.com is the most popular real estate site. In 2 out of the top 10 Markets, the MLS website is the most [...]

By |2018-05-03T21:25:40-07:00June 1st, 2011|Broker Technology Research, Main category, MLS Insights|Comments Off on The Top 10 Searched Real Estate Markets – April 2011
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When It’s Good To Lose Control

Business leaders can plan and set strategies but the real key to whether these plans are executed successfully is what their organization does after the plan is released.  Do they embrace the plan?  Do they start strong and then slip back to their old ways?  Do initiatives kick off with great promise and then lose momentum?  Do you find yourself having to continually push the plan rather than seeing full engagement by your staff?  Do you find that some of your staff get on board while others resist change? Here’s the truth! […]

By |2018-05-03T21:25:41-07:00May 31st, 2011|Broker Technology Research, Main category, MLS Insights, Strategic Planning, Suveys and Research|Comments Off on When It’s Good To Lose Control
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