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|0 Comments
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If Trulia built MLS systems

Trulia MLS Trulia made a brilliant acquisition around the beginning of 2010 when they purchased @movity. @movity was a company that specialized in taking complex data sets and layering them onto maps in a variety of brilliant ways. Today they are leveraging the skills from the @movity team to explore ways to communicate data easily, and drive engagement. The data kings in the real estate industry are CoreLogic and LPS. They are both companies that collect, warehouse, and distribute massive amounts of data. The focus of these companies has always been data quality and predictive analytics - not necessarily presentation [...]

By |2018-05-03T21:25:40-07:00June 6th, 2011|Main category|0 Comments
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WAV Group Unveils New Website, Enhanced Resources for Real Estate Industry

The leading real estate consultants at WAV Group are unveiling a new, enhanced website. The new site will make their valuable content even more accessible to brokers, MLSs, and associations seeking to grow their business. For RSS subscribers, please renew your subscription by dropping the following link into your feed reader: feed://waves.wavgroup.com/feed/ WAV Group (www.wavgroup.com) has become the go-to resource for real estate industry insiders seeking guidance about strategy and technology. To make their valuable insights and information more accessible to readers, the thought leaders at WAV Group have redesigned their website. One look at the new site confirms that [...]

By |2018-05-03T21:25:40-07:00June 2nd, 2011|Main category, Our Company, Our Services|0 Comments
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FDIC sues CoreLogic and LPS

FDIC is acting as the receiver for the late Washington Mutual Bank, which was seized by the federal government in 2008. Now they are hunting for money using their legal guns, pointing the barrel at Corelogic and LPS. The FDIC is trying to build a case that CoreLogic and LPS overvalued homes it appraised to the point of “gross negligence.”: The FDIC claims that about 75% of the appraisals it examined were inflated. Clearly FDIC has its hands full with this case given the depth of the disclaimers on appraisals, and the awareness that Washington Mutual Bank had of the [...]

By |2018-05-03T21:25:40-07:00June 2nd, 2011|Main category|0 Comments
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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|0 Comments
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NAR Announces 2011 30 under 30 Award Winners

As a former winner of a “40 under 40″ award in Buffalo, New York I know what an honor it is to receive a “30 under 30″ award.  It’s a great way for the industry to recognize those that go above and beyond - the up and comers - the future of our business. Today, the National Association of REALTORS® announced its 2011 list of  “30 Under 30″ honorees. This group exemplifies the personal drive many Realtors® have to be the best and provide a high level of service to their clients, despite tough market conditions and a constantly evolving [...]

By |2018-05-03T21:25:40-07:00May 31st, 2011|Broker-Agent Information, Clients, Main category, Marketing, Our Company|0 Comments
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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|0 Comments
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Making a Change Requires Some Tension

We have always been big believers that most change occurs as a result of some “pain”.   While we all would like to create change in our lives for positive reasons, and we certainly do at times, a good deal of “major” changes in business and personal lives come about as a result of pain or some “tension” in our lives.  It’s the old aspirin vs. vitamins story. We know we should take vitamins; they are good for us right?  But, if you have a really bad headache or muscle ache you are most likely going to take something for it more [...]

By |2018-05-03T21:25:41-07:00May 31st, 2011|Broker Technology Research, How to Make Strategic Planning Really Work in your MLS, Main category, MLS Insights, Our Services, Strategic Planning, Suveys and Research|0 Comments
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The Era of Listing Syndication Security

We have entered a new era in real estate called the Era of Listing Syndication Security. Listing Syndication Security is a technology solution that solves many of the legal and technical concerns related to sending listings to third party websites (Zillow, Trulia, et al) in the form of advertising. WAV Group has published numerous papers on the topic over-viewing the key issues of Terms of Use, Accuracy of Online Listings, Indexing, and so forth. Since its inception 4 or 5 years ago, Listing Syndication has been fraught with business problems typical of any circumstance where many people are sending information [...]

By |2018-05-03T21:25:41-07:00May 6th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
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MLS Listings submits repeal request to NAR on IDX policies

MLS Listings of the San Francisco Bay area is apparantly the first MLS in the country to join The Realty Alliance, Leading RE, the Council of MLSs, Home Services and others who have sent letters to NAR requesting a denial of recent wrokgroup suggestions for IDX policies. MLSListings, Inc. operates a regional multiple listing service for 8 REALTOR® associations in the Silicon Valley and coastal regions of Northern California, encompassing a service area of over 28,000 square miles and representing more than $70 billion dollars in annual real estate transactions. We are owned by these associations, and governed by the [...]

By |2018-05-03T21:25:41-07:00May 4th, 2011|Main category, MLS Insights|2 Comments
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CMLS intensifies pressure on NAR to repeal recent IDX rules

Dear Pat and MLS Issues and Policy Members,   Please accept this letter on behalf of the Council of Multiple Listing Services (CMLS) regarding the recommendations included in the “Report and Recommendations of the IDX Data Use Work Group". The difficult task of reviewing the inclusion of social media in IDX isnt an enviable one; please know that we respect the commitment that each work group member gave to the effort.   The membership of CMLS is very diverse and includes Associations and MLS organizations from small to very large REALTOR® owned to regional to broker owned to private. Regardless [...]

By |2018-05-03T21:25:41-07:00May 4th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
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Come and Get it – FREE promotion of your market performance on MLScloud.com

I was just looking at the MLSCloud.com and noticed a few very interesting things. First, the listings of over 777,000 agents are now being promoted on the site. The site now truly has a meaningful, national footprint. Way to go HAR! I also noticed something else that I thought was a little disappointing however.  Through a terrific partnership with Terradatum’s Clarus MarketMetrics product, MLSCloud.com also provides every market that would like to participate, a FREE market snapshot, yet there are still several markets missing from this analysis. I don’t know why every MLS in the country wouldn’t take advantage of [...]

By |2018-05-03T21:25:42-07:00May 2nd, 2011|Main category|0 Comments
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