Data Sharing
Published on Nov 29, 2015
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PRESENTATION OUTLINE
Realtors were THE source of Information
Think back to 2002, pre Zillow. We as Realtors set appointments with buyers and then we chose which properties to show. Buyers had limited access to listing data and we were the gate keepers.
Photo by Alan Cleaver
What Led to Data Sharing In The First Place
- Disconnect Between sales area and Association/MLS boundaries.
- Inconvenience of searching and working in two systems simutoneously.
- Brokers called for it.
So what led to data sharing back in 2003? The growth and rising prices had led us to help our clients with houses further and further from our offices. This expansion in our geographic area no longer matched the boundaries of our Realtor associations and MLS's.
This lead us to find listings where they were - in two systems. This was a waste of time and brokers called for cooperation.
This lead us to find listings where they were - in two systems. This was a waste of time and brokers called for cooperation.
Photo by ransomtech
Broker Cooperative Committee
- 2003
- Made of up brokers from PPAR, Metrolist and IRES subscribers.
- Defined data sharing
- Written agreement
In 2003 brokers both large and small said cooperate or we will come up with another solution. The first agreement in data sharing was born.
Original 2003 Agreement
- All active listings
- 6 months of sold data
- FTP file transfer
- 1 transfer per day
- 6 months of sold data
- 50 fields
- 1 photo
Photo by teliko82
2007 Expansion
- Called for by brokers "we need more!"
- 150 data fields
- 90 transfers per day via RETS feed
- 25 photos
- 3 years of sold data
- Collaborative effort not put in writing
Photo by teliko82
% Of RECO Listings That Show On IRES Through D/S
Why we are here today
- Earlier this year REColorado and IRES discussed sharing sold data for 10K Reports.
- IRES was displaying more than three years of sold data.
- REColorado looked back and found only the 2003 agreement.
Photo by Aidan Jones
Cease and Desist Received From REColorado
Demand for IRES to comply with 2003 agreement
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IRES Complies
- As of yesterday all sales data is rolled back to 6 months.
- Internal reverse link in Realist Public Records removed.
- Assurances that REColorado data isn't being sent to others or displayed outside of password protected system.
Going Forward
Photo by Scorpions and Centaurs
IRES Wants to Share Data
Photo by flying white
Six Months of Sold Isn't Enough
- Appraisers need more just to do their job.
- Consumers have more information than we do.
- We need to work together in order to stay relevant.
