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21 07, 2016

Will Zillow Win The MLS Data Aggregation Wars

By |2018-05-03T21:23:11-07:00July 21st, 2016|Broker-Agent Information, MLS Insights|Comments Off on Will Zillow Win The MLS Data Aggregation Wars

A new war over data management has broken out among America’s largest technology firms, and no clear winner is in sight. To begin, it may be best to level set around what data aggregation is. For brokerage firms or technology companies that leverage MLS data in software, they are pulling MLS data feeds. When you are pulling more than one feed, you are aggregating MLS data. Brokerage firms and software companies that have hired WAV Group to streamline their data aggregation systems know that we have always focused on the three leading firms that have been aggregating MLS data for [...]

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6 03, 2013

Monetizing Listing Data…Is it Possible? Let’s find out in 2013

By |2018-05-03T21:24:40-07:00March 6th, 2013|Broker-Agent Information, Main category, Marketing, MLS Insights, Product Management|1 Comment

To Syndicate or not to Syndicate, that is NOT the question! WAV Group Response What an exciting day in real estate media. 1000Watt Consulting is having a spirited discussion blog to blog with Dale Ross of NAR's RPR. And, in an exciting development, Zip Realty did a data accuracy study that somewhat mirrored the WAV Group data accuracy research performed for brokers, Redfin, Windermere, and Long and Foster. They concluded that 30% of the listings on Zillow and Trulia are not on the market. To keep things rolling along, my friend Saul Klein from Yardi published a spirited article about [...]

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20 11, 2012

Data Only Brokers

By |2018-05-03T21:24:47-07:00November 20th, 2012|Broker Technology Research, Broker-Agent Information, Main category, Marketing, MLS Insights|9 Comments

There are lots of brokers who subscribe to MLS services. They are called participants, and as participants they are provided data rights beyond agents, and way beyond vendors or third parties. Moreover, participants are the nucleus of reciprocal offers of compensation, an agreement that if one broker represents a willing buyer and the other broker represents a willing seller, they will share compensation. There is a new brokerage model that has entered the MLS sphere, and I am not sure if it is a good thing or a bad thing. I will call this type of brokerage a "Data Only Broker" or [...]

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16 11, 2011

Why MLS sold data is bad, and a note about the comma

By |2018-05-03T21:25:22-07:00November 16th, 2011|Main category, MLS Insights, Virtual Office Website Series|Comments Off on Why MLS sold data is bad, and a note about the comma

Oversights are interesting. They are even more interesting when they are fixed.  Let me explain a little bit about “reporting Sales to the (MLS) Service” in the model MLS rules. Up until the recent meeting of the MLS Issues and Policies Committee meeting at the NAR Annual Convention, agents were required to change the listing status to Sold when a transaction closed. This is a case whereby the rule did not clearly indicate the behavior. As written, the agent was required to update the status of the listing, not enter the sale price from the contract. This is a significant [...]

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4 10, 2011

CMLS News: Clareity Safe Syndication and RED reDataVault

By |2018-05-03T21:25:26-07:00October 4th, 2011|Main category, MLS Insights|Comments Off on CMLS News: Clareity Safe Syndication and RED reDataVault

Today, October 4th, 2011 two vendors announce separate but complementary solutions leading up to the Council of MLS conference: CMLS. Both companies issued press releases of software that effectively works together to handle data syndication. Safe Syndication is a new product launch and reDataVault is a 2.0 release. Both reDataVault and Safe syndication have similar goals in mind – they both seek to support MLSs in managing data outside the walls of the MLS. reDataVault actually distributes data, Safe Syndication does not..  reDataVault goes a bit further by automating the process of managing RETS/IDX/VOW/DataLicense agreements. Safe Syndication has a document repository, but is not a transaction [...]

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20 07, 2011

Data for Money – What Have We Learned Since NAR – San Diego in 2009

By |2018-05-03T21:25:34-07:00July 20th, 2011|Main category|Comments Off on Data for Money – What Have We Learned Since NAR – San Diego in 2009

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 [...]

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3 02, 2011

CoreLogic Marketlinx publishing InfoNet Licensing partners

By |2018-05-03T21:25:53-07:00February 3rd, 2011|Main category, MLS Insights|Comments Off on CoreLogic Marketlinx publishing InfoNet Licensing partners

The places one finds business intelligence these days….. Twitter! If you follow@marketlinxnews on twitter, you will see their rather casual announcements of each instance that an MLS or Association enters into a licensing agreement for InfoNet.InfoNet is CoreLogic’s data licensing program whereby they license active listing content from MLSs (and pay them for it) then sell access to the data via their AVM products to the federal government, banks, freddie, fannie, insurance companies and the like. Their only competitor in this marketplace is NAR’s subsidary, the Realtor Property Resource. They also build an AVM called the RVM (Realtor Valuation Model) [...]

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8 01, 2021

News Alert – Zillow Publishes New Terms Of Use – Read the Fine Print

By |2021-01-08T14:41:45-08:00January 8th, 2021|News, Security and Privacy|5 Comments

In the early days of listing syndication, WAV Group investigated the terms of use on third party advertising websites like Zillow.com®, Trulia.com® and others. Zillow® and Trulia®, who received data through listing syndication feeds rather than though data licensing terms with MLSs like Realtor.com® and Homes.com® had some shocking language.

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27 10, 2020

Just released: MLS Grid Paper, The Power of One

By |2020-10-27T09:40:05-07:00October 27th, 2020|MLS Insights, Research|Comments Off on Just released: MLS Grid Paper, The Power of One

A recent study conducted by WAV Group underscores the reason this collaboration is so important for the real estate industry. According to the study, nearly three-quarters of brokers and vendors said they want a centralized data licensing approval process with ONE standardized data licensing approval form.

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20 09, 2024

REAL AI: KW and practical AI, AI washing, facts, headlines and AI quote of the week

By |2024-09-23T07:36:41-07:00September 20th, 2024|Agent Recruitment, Artificial Intelligence, Computer Vision, PropTech, Real Estate Technology, Technology, Uncategorized|Comments Off on REAL AI: KW and practical AI, AI washing, facts, headlines and AI quote of the week

By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 38 REAL AI is a human-created weekly roundup of all things related to artificial intelligence in real estate and emerging AI innovations in other sectors likely to impact our industry. We post a new edition every Friday, and our free newsletter is delivered every Monday. KW and practical AI At the burgeoning Blueprint VC-tech conference in Las Vegas this week, I had a chance to meet with Chris Cox, Chief Technology and Digital Officer at Keller Williams. KW is the world's largest real estate franchise by agent count, with over [...]

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10 06, 2024

MLSs Not Endeavoring to Protect Broker Listings are in Copyright Breach

By |2024-06-09T23:33:59-07:00June 10th, 2024|Broker Information, Data-Driven Culture, MLS Insights|Comments Off on MLSs Not Endeavoring to Protect Broker Listings are in Copyright Breach

Because the MLS licenses the data from the broker, they must uphold their side of the bargain.

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