CARETS partners with NAR to offer competition to Loopnet

LoopNet™ has 4 Million members and they are the dominate player in offering MLS like services to the commercial real estate industry.  Their business model is different.  Commercial Sales agents and consumers all pay for subscriptions.  Some would say that LoopNet is highly successful, others would say that they are holding the commercial real estate industry hostage. As we have seen in the past, the National Association of REALTORS® has done plenty to intercept these types of trade concerns in real estate.  Perhaps the best example is the formation of Sentrilock™ as a competitor to GE Supra’s lock box domination. [...]

By |2018-05-03T21:26:05-07:00June 22nd, 2010|Main category, MLS Insights|Comments Off on CARETS partners with NAR to offer competition to Loopnet
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RBI – Real Estate Business Intelligence Launches

MRIS and RBI are pleased to announce the launch of the data analytics company, RealEstate Business Intelligence, and its new website, www.rbintel.com.  RBI is a wholly owned subsidiary of MRIS, the nation’s largest MLS provider to agents and brokers. Agents, brokers, appraisers and other real estate professionals can now receive the most reliable housing market data in the Mid-Atlantic region via www.rbintel.com - empowering them to make more educated decisions for their clients. RBI provides an in-depth understanding of real estate activity at the regional, county and local levels in the Mid-Atlantic housing market that has not previously been available. Based upon data [...]

By |2018-05-03T21:26:05-07:00June 17th, 2010|Main category, MLS Insights|Comments Off on RBI – Real Estate Business Intelligence Launches
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Is an MLS Like a bank?

I have been rather absorbed with the problems with Intuit the past couple of days.  They went down tuesday night and we had to switch our payment processing over to paypal during the outage.  Thankfully, we had a backup plan. Our back up plan gets simulated monthly across all systems.  Thankfully it worked when it needed to, but not without the full on efforts of the development team. I was able to sit down with David Charon of Metropolitan Regional Information Systems (MRIS) last week.  I am not sure how it came up, but he mentioned that his MLS system produces around [...]

By |2018-05-03T21:26:05-07:00June 17th, 2010|Main category, MLS Insights|Comments Off on Is an MLS Like a bank?
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CoreLogic Launches Partner InfoNet

CoreLogic made it official today with the launch of their  Partner InfoNet program.  The program allows participating MLSs to share revenue that results from its inclusion in various risk management products.   Press Release SANTA ANA, Calif., June 14 /PRNewswire-FirstCall/ – CoreLogic (NYSE:CLGX - News), a leading provider of information, analytics and business services, today officially launched the Partner InfoNet, a special program for sharing revenue with multiple listing service (MLS) organizations. Through the program, an MLS licenses its listing data for use in a variety of new risk management products for mortgage lenders, servicers and the capital markets. Until [...]

By |2018-05-03T21:26:06-07:00June 14th, 2010|Main category, MLS Insights, Press Releases|Comments Off on CoreLogic Launches Partner InfoNet
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Divorce and Real Estate

WAV Group performs volumes of research for MLSs and Associations each year.  As part of collecting subscriber and member surveys, we also collect basic demographic data - Male or Female, Age, etc.  Much of this demographic information allows us to associate general age group trends of American demographics and apply them to our understanding of the culture within an MLS or Association.  We have never asked marital status, but I wonder what role that plays in understanding the mindset of today’s REALTOR. One of the research instutitions that we value for information is Pew Research Center.  Today they released a [...]

By |2018-05-03T21:26:06-07:00June 8th, 2010|Main category, MLS Insights|Comments Off on Divorce and Real Estate
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New Jersey MLSs step up data sharing

I caught this on the Real Town blog today.  It was published by Thomas Wissel, Information Technology,  Toms River,  NJ   Jersey Shore MLS, Middlesex County MLS and Trend MLS are now using the MarketLinx Data Co Op to efficiently share listings between 3 different MLS platforms. This may be “old hat” to other MLS operators in the country, but NJ has been rooted in the past by forcing agents to subscribe to multiple services. There are 9 MLS services that cover the state and right now only 3 have fully embraced the notion of making it easy on the users by [...]

By |2018-05-03T21:26:06-07:00June 4th, 2010|Main category, MLS Insights|Comments Off on New Jersey MLSs step up data sharing
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John Heithaus to lead Marketing at MRIS

06/01/2010– Press Release On June 1, John L. Heithaus joins MRIS as chief marketing officer. Bringing more than 30 years of real estate and executive experience, Mr. Heithaus will lead all marketing efforts for MRIS and be responsible for marketing operations, product management, partnership marketing and customer relations. He will also lead MRIS media and industry relations, advertising, interactive programs, communications and market and customer research. Prior to joining MRIS, Mr. Heithaus served as senior vice president of sales, marketing and REALTOR®alliances at SentriLock. He also served as senior vice president of partner and product development at Prudential Real Estate, [...]

By |2010-06-01T18:50:24-07:00June 1st, 2010|Main category, MLS Insights|Comments Off on John Heithaus to lead Marketing at MRIS
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FBS – A Model For Cooperation

Having grown up in the MLS business and seeing it evolve from the days when we replaced books with MLS systems to today, where MLS sales are only made through taking a competitor’s account, I know how competitive the MLS technology landscape is.  Over the past 20 years or so, we have also seen this market mature and with that maturation we have also seen intense price pressure placed on our MLS vendors to the point today where I question whether we have gone too far.  MLS vendors today are the cornerstone of our entire real estate technology industry.  Nothing [...]

By |2018-05-03T21:26:07-07:00May 6th, 2010|Broker-Agent Information, Main category, MLS Insights, Technology Evaluation|Comments Off on FBS – A Model For Cooperation
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FBS – A Model For Cooperation

Having grown up in the MLS business and seeing it evolve from the days when we replaced books with MLS systems to today, where MLS sales are only made through taking a competitor’s account, I know how competitive the MLS technology landscape is.  Over the past 20 years or so, we have also seen this market mature and with that maturation we have also seen intense price pressure placed on our MLS vendors to the point today where I question whether we have gone too far.  MLS vendors today are the cornerstone of our entire real estate technology industry.  Nothing [...]

By |2018-05-03T21:26:07-07:00May 6th, 2010|Broker-Agent Information, Main category, MLS Insights, Technology Evaluation|Comments Off on FBS – A Model For Cooperation
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New Ways to Leverage MLS Data

It is an exciting time for Multiple Listing Services.  The announcement of REALTOR® Property Resource by NAR has spawned many debates and several new programs allowing MLSs to leverage local property information in many new ways.  The programs are exciting, but are evolving quickly and thus can be a bit confusing and even overwhelming at times. In an effort to help every MLS understand the unique values of each of the programs now available, the Council of Multiple Listing Services (CMLS), commissioned WAV Group to complete the attached evaluation.  Ideally, the paper will assist each MLS and their governing boards [...]

By |2018-05-03T21:26:07-07:00April 30th, 2010|Main category, MLS Insights, Our Company, Reports, Sales Advisory|Comments Off on New Ways to Leverage MLS Data
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Rapattoni becomes Mac compatible

WAV Group performs dozens of strategic planning sessions for MLSs each year.  As part of our strategic planning sessions, we survey members on satisfaction with the MLS system.  One of the chief complaints among MLS Participants and Subscibers across all surveys is the desire to have Apple computers supported my MLS systems. LPS, Marketlinx, FBS, and now Rapattoni have all been focused on achieving this functionality.  Rapattoni issued a press release confirming their support of Mac based browsers this morning.  This is great news for MLSs who are delivering data services on the Rapattoni platform - a move that is sure [...]

By |2018-05-03T21:26:07-07:00April 29th, 2010|Main category, MLS Insights|Comments Off on Rapattoni becomes Mac compatible
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Marketing 101 for Real Estate Companies

Do you have a marketing and advertising department?  For most MLS, Associations and Brokerages today, the answer is NO.  For the largest companies, the answer is Yes.  Marketing and Advertising is typically the first “Cut Back” made by an organization facing uncertain economic times - but is also the most fundamentally destructive place to try and reduce costs in your business, especially for real estate Brokers. Studies show this is the reason why large companies gain more market share durring cyclical economic recessions and small companies fade or disappear. If you are of the ilk to appreciate and agree with this position, here are a couple of solutions for [...]

By |2018-05-03T21:26:08-07:00April 26th, 2010|Broker-Agent Information, Main category, MLS Insights|Comments Off on Marketing 101 for Real Estate Companies
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