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RPR View™ vs Data Sharing or Consolidation

With all of the consolidation that is happening in real estate today, one might think that we are well on our way to having a handful of MLSs remaining by the end of 2020. Clearly this is an exaggeration. When WAV Group works with groups who are considering their options related to MLS mergers, we always start with a deep understanding of the motivation. There is really very little economic savings once an MLS eclipses 20,000 subscribers. The savings to larger MLSs are really not that significant after that. A dollar here or there is not really going to move the needle to deliver more for less.

By |2018-08-04T18:07:18-07:00July 23rd, 2018|Main category|0 Comments

IRES and Pikes Peak Launch Data Share Using RPR View™

Realtors Property Resource® (RPR) offers a feature called RPR View™ which is now the largest MLS data share in the U.S.  Since its initial Residential Platform launch in 2010, MLSs licensing their information to RPR have a choice to display their active and sold records “only to their subscribers,” or to a wider audience like “statewide,” or “all REALTORS® nationwide.” MLSs can also selectively opt into sharing with specific markets. All 1.2 million REALTORS® have access to RPR and over 700,000 REALTORS® have accounts.  RPR also has over 665 licenses with MLSs and Associations, with the majority having a policy [...]

The Vision of AMP™ Starting to Become a REALITY thanks to Rapattoni!

A couple of years ago, two of our most progressive clients came to RPR with a new vision about how MLS systems could work. They strongly believed that MLS systems should be offered in modules to make it easier and more practical for brokers and agents to be able to choose the MLS interface that works best for them. Tim Dain from the Austin Board of REALTORS® and Walt Baczkowski from the San Francisco Association of REALTORS® both saw the opportunity to de-couple the listing input, search and reporting functions from the database that houses all of the MLS information [...]

Enabling an Ecosystem of Innovation for Real Estate

The MLS technology model has been relatively flat-footed for some time now. Many MLSs offer one MLS system, one Public Records system and other services like showing appointment software, document management, and they call it a day. In Part IV of his blog series last Thursday, Bob Bemis outlined a vision of a brand new way for MLS platforms to operate. A new program called AMP™ or Advanced Multi-List Platform™ that would leverage RPR is a very interesting and even scary concept to some. In its simplest definition, AMP would be the “back end” of an MLS. It would provide [...]

REALTOR(R) Productivity is stronger than expected

The world is looking up in real estate.  Cautious optimism abounds.  So now the real question is…how many REALTORS® are back in the game for real?  How many have captured the hearts of sellers?  How many have sold properties in the past 6 months?   We believe the information that we have just gathered is encouraging. It looks like the wealth is being spread around to more REALTORS® than expected. We thought the numbers would reflect the 80/20 rule – In reality, it looks like the 60/40 rule is running the day. Just under 60% of REALTORS have had a transaction [...]

By |2018-05-03T21:23:55-07:00November 19th, 2014|Main category|1 Comment

Top 5 Articles of the Week

As you may or may not know, RE Technology was founded by the WAV Group partners to support the role of MLSs and Associations in delivering a wide array of information and education about real estate technology. On May 5th, the company turns three years old! Since 2011, we have been able to deliver over 100,000 pages of valuable information that helps practitioners learn about technology and the companies that provide technology services to power their business.  Each week, RE Technology sends a report to more than 4500 executives and staff of the nations MLSs and Associations of REALTORS® offering [...]

RE Technology Top 5 Articles

  Which Real Estate CRM Should I Use? Are you looking for a real estate CRM? There are so many systems on the market these days that weeding through them is often difficult and time-consuming. We feel your pain! That's why we want to make it as easy as possible for you to understand what to look for in a real estate CRM.Beyond     Residential: Commercial Agents Can Use RPR, Too! Making the transition to the commercial real estate can be challenging for agents who come from a residential background. We recently spoke with Sydney Machaut, CCIM, CRE, a veteran [...]

By |2018-05-03T21:24:27-07:00September 16th, 2013|Broker Technology Research, Main category, MLS Insights|1 Comment

RPR Working to Bridge the Gap with the Mortgage Industry

Dale Ross, head of RPR published a very interesting article today that I thought would share with you about the company's efforts to have a positive impact on the mortgage industry. One of the key goals of RPR is to help improve the accuracy of the valuations of properties by providing more comprehensive, accurate and up to date information.  Here it is: Today, RPR is available to the majority of NAR’s REALTOR® members.  In 2011, RPR began to place greater focus on the communications and relationships needed to engage the entities responsible for mortgage liquidity.  With the support of NAR’s [...]

By |2018-05-03T21:24:52-07:00September 12th, 2012|Main category|0 Comments

RPR Broker Case Study – Helping Brokers Understand and Use Realtors Property Resource®

WAV Group provides consulting services brokers across the country to help them find the most effective ways to leverage the technology tools they have chosen for their agents. Some of those tools are provided by MLSs as part of their monthly subscription fees. In working with brokers we have learned how stressed the life of a broker is. Their agents, clients, accountants and office staff pull them in a million directions.  Their daily tasks make it virtually impossible to keep up on all of the latest technologies being offered to them. Today, WAV Group is introducing the third in a [...]

RPR Agent Case Study

WAV Group provides consulting services to MLSs and Associations to develop strategies and plans for business success. In working with MLSs and Associations we have learned how difficult it is to help agents and brokers understand the value of new technologies in their daily business.  Today, WAV Group is introducing the second in a series of Case Studies developed for NAR’s REALTOR® Property Resource or RPR®. These Case Studies are designed to help REALTORS® understand the unique benefits of using RPR in their daily business to help position them as THE local expert. WAV Group developed these best practices by [...]

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 [...]