Upstream Real Estate

5 Technical Benefits to Upstream

by Victor Lund on June 6, 2017

Upstream

I think that a lot of people are confused about Upstream. Some people think that it is a consumer-facing site like the Broker Public Portal/Homesnap. Others think that it is some kind of broker owned MLS. It is none of those things. It is a database for brokers to create, store, and distribute data. For the most part, every large firm and franchise organization is doing this today, but as an industry the process is broken. Every broker who is managing their data is doing it in different ways, and their data is not interoperable with applications without custom integration, data conversion, and data migration. Smaller firms have nothing, or they outsource it to a part time vendor. Upstream fixes all of this by delivering a solution for all brokers that better built, comes with support, provides security, gives brokers complete control over data access, and is less costly. Moreover, it makes their data a lot more valuable because it can be instantly put to work as easily as turning on a light switch. Upstream is the result of compiling the needs of brokers. The broker industry leaders and technologists developed Upstream to streamline and address inefficiencies that plague each and every one of them. Here are 5 technology benefits that Upstream provides that have nothing to do with listings. Upstream removes Vendor Dependencies Upstream Mitigates Technology Talent Challenges Upstream allows differentiation at scale and speed Upstream is fundamental to custom solutions Upstream simplifies the technology stack Vendor dependencies plague real estate brokers today. Each technology vendor organizes the customer record, and firm record with no consideration for inter-operability. For example, if a firm wanted to move from one marketing solution to another, from one CRM to another; or one transaction system to another, etc – the data migration is challenging and expensive. Upstream imagines a new path that separates the data from the application, this allows firms to run in parallel or to switch vendors without data loss. The scale effect of Upstream is significant. Since brokers representing over half of our industry are behind it, vendors will connect to open the doors to addressing that market. Over time, brokers will be able to migrate across vendors or support vendor of choice for their agents in a much better way. Brokers have technology talent challenges. Database engineers and managers who understand the complexity of managing real estate data are […]

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Upstream Adjusts and Improves

by Victor Lund on May 31, 2017

Upstream Logo

WAV Group has played a humble role in the evolution of Upstream from a concept to where it is today. The effort has been shaped by the deep involvement of leading technologists from across the brokerage and franchise community. This week, we have been pummeled by questions arising out of their recent announcement during the 2017 Midyear REALTORS LEGISLATIVE MEETINGS & TRADE EXPO in Washington D.C. Upstream is a bright concept for improving data management in real estate today. If you understand the laws of America, you understand that Licensed Real Estate Brokers supervise agent and consumer real property transactions and are responsible for the data involved. This is a serious legal obligation. The law requires that the supervising broker protects the consumer’s interest as it relates to data collected during the process of representing the consumer. The procuring brokerage is fully liable for its practices with all data – listing data, consumer records, and agent records. Upstream is the most advanced broker data management software in real estate. The very best way for Upstream to communicate with any other MLS databases or Vendor databases is by using APIs. Application Programming Interfaces are the most modern and accepted methods for managing the exchange of data. This is not a disparaging comment against MLS systems – they are excellent too. However, with some exceptions like FlexMLS by FBS, they are slow to adopt APIs until this year. Today’s modern MLS systems are highly sophisticated applications that are customized to an MLS area. They are the data repositories that allow brokers to share data in a fair and orderly way. They have common rules that govern the relationships between firms and how data may be used through shared MLS services. The only commonly designated method for using MLS data was IDX – Internet data exchange. IDX is the concept that allows brokers who are participants in an MLS to display other members’ listings. That one-way push has evolved beautifully over the years to include full MLS data pulls, Virtual Office Website data pulls, and IDX pulls using an industry specific construct called RETS – Real Estate Transaction Standard. Thanks to the inspired efforts of the volunteers and staff of the Real Estate Standards Organization, nearly every MLS in America has launched API access for the first time! This is a really big deal. Shaping the data inside an MLS system to a […]

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