Where Real Estate Gets Its Dirt

UtahRealEstate.com now has over 94% of Utah’s REALTORS

UtahRealEstate.com Welcomes REALTORS® from Carbon and Emery Counties

UtahRealEstate.com, Utah’s largest regional Multiple Listing Service, recently welcomed the Carbon Emery Chapter of the Utah Central Association of REALTORS® to its MLS on February 23, 2016. This consolidation makes UtahRealEstate.com one of the most comprehensive statewide MLSs in the nation, serving approximately 94% of Utah’s REALTORS®.”

Pretty amazing stat. I know a lot of other MLS execs would love to see this.

Clareity MLS Survey: Black Knight claims top spot again, FBS closing gap.

You gotta hand it to Rich Lull, Marty Reed and the rest of the team at Black Knight for another year at the top of Clareity Consulting’s “MLS Customer Satisfaction Survey“.

Oddly enough this year’s (and last years) number 2, FBS, was not at the event. And it appears that FBS is closing the gap. While Black Knight had a 10 point lead last year, FBS closed that gap to only 4 points. FBS also had the biggest jump in points.

2015 Clareity

2014 Clareity

According to the survey,points are calculated:

“…grouped by MLS vendor and system, based on a calculated score (3 times the “Excellent” percentage plus “Good,” minus “Fair,” minus 3 times “Poor”). A higher calculated score signifies better end-user satisfaction as reported by the MLS executive.“

Nice to see Rapattoni (who was at the event) go up a few points as well.

More later on the workshop itself, but wanted to congratulate everyone above.

Sandicor chooses CRS

Sandicor, Inc. Partners with CRS Data – CRS Data MLS Tax Suite expands coverage to California

“We spent more than a year researching property tax data systems to find the right combination of timely and accurate data, cross platform usability and intuitive navigation,” said Ray Ewing, president and CEO of Sandicor, Inc. “Our members need the ability to access property tax data via their mobile device or desktop, and be able to create and utilize streamlined property reports with interactive features, such as parcel and topography map layers.”

CRS Data’s three-year agreement provides 19,000 Sandicor members with quick online access to a wide variety of property tax data and information. From customizable maps, neighborhood and comparables information to in-depth search capabilities and thoughtful prospecting features, CRS Data’s MLS Tax Suite delivers simple navigation and innovative usability.”

Congrats to the team at CRS!

Cloud Streams’ listing alerts beat all major portals

2832655241372408853I wanted to publish a little more background on Andrea V. Brambila’s article this morning on Inman News.

“How quick and reliable are portal listing alerts?”

W&R Studios did an experiment in the later part of 2015. They registered on all major listing portals, set up a saved search, and turned on their listing alerts. They started with two different cities – one covered by CRMLS in Southern California (Huntington Beach), and another city in Washington state (Auburn), covered by NWMLS. They choose these markets because they were on the same MLS system (Matrix) and wanted to test how these alerts would be affected by MLS providers that have direct data agreements with major listing portals.

In the case of Redfin and Estately they are both brokers as well as portals, so both have the advantage of getting a direct feed from the MLS. They fared well in the test, but still not enough to beat Cloud Streams.

In CRMLS listing alerts sent out via Cloud Streams came in (on average) 1 hour and 4min faster than Redfin listing alerts. Over 5 hour and 20 minutes (on average) than Zillow.

Check out the other results below:

Fastest alerts in the west

Does having a direct data agreement with the MLS make a difference? You bet. Check out below:

alert speed vs direct agreements

Also, what about “auto-prospecting” systems on the MLS? Wouldn’t these always be the fastest? Nope. Since most MLS systems send out alerts on a “Daily” basis and Cloud Streams sends alerts out in “real-time”, Cloud Streams wins again.

Plus when you add that Cloud Streams listings alerts can be sent out via text, instead of a buyer sorting through multiple emails, this increases the speed of when a buyer sees the listing.

Why does this matter? Two big reasons.

1. Being the fist to know when new listings (or updates) hit the market is a huge advantage to buyers. Especially in markets with low inventory or desirable neighborhoods.

2. This helps agents leverage their best asset, access to real-time MLS data, and gives their buyers a clear reason to use an agent, faster (the fastest) access to market data.

Want to help your MLS members compete with major listing portals?

We already have 40 MLS providers up and running with Cloud Streams. Over 200,000 agents who receive Cloud Streams as a free member benefit. Katie and I will be at Clareity’s MLS Executive Workshop this week to answer any questions. See you in Scottsdale!

What a true act of a patriot looks like

Tim Cook PatriotFrom the New York Times:

Why Apple Is Right to Challenge an Order to Help the F.B.I.

It is understandable that federal investigators want to unlock an iPhone used by one of the attackers who killed 14 people in San Bernardino, Calif., in December. And it’s understandable that the government would turn to Apple for help. But Apple is doing the right thing in challenging the federal court ruling requiring that it comply.

Tim Cook deserves all our support.

“Fun to browse”

Love this quote from Jim Harrison:

The Real Estate Equation: MLS, the Agent, and You

“Bottom line – data directly from an MLS is the most current and reliable. Sure some of the portals are fun to browse when you have a few minutes to burn. But when you’re serious about buying or selling a home, nothing beats working with a real estate professional who can access the full breadth and depth of real-time data available from an MLS.”

NEREN chooses Black Knight

New England Real Estate Network Selects Black Knight’s Paragon MLS System

Black Knight Financial Services (NYSE: BKFS) announced today that the New England Real Estate Network (NEREN), serving approximately 8,300 real estate professionals in New Hampshire and Vermont, signed a multi-year agreement to implement Black Knight’s Paragon MLS system.

NEREN conducted an in-depth product analysis of Paragon MLS and selected the system because of its flexibility, ease of use, customizable features, continual enhancements and integration with public records information. Paragon has received the top ranking in the annual Clareity Consulting MLS Customer Satisfaction Survey for the past three years, and recently was installed in numerous MLS organizations that selected Paragon MLS as their system of choice.

8,300 agents. Nice win. Congrats!

Nationstar (parent company of Xome and Real Estate Digital) is rebranding itself to….

pets_puppet.giThe company who gave us the name, “XOME“, has outdone themselves.

I’m not sure how I missed this. Ben Lane at HousingWire has been doing a bit of sleuthing again and found out that Nationstar mortgage is rebranding itself to, wait for it…”Mr. Cooper“.

The first time I heard the name it reminded me of the website “Dr Koop“, drkoop.com. Remember that?

What’s next, a sock puppet?

Looking for a new gig?

CMLS, Director of Operations

The Director of Operations is responsible for the operational and administrative management of the Council of Multiple Listing Services (CMLS), including the implementation of its strategic plan on a daily basis. The Director of Operations will take direction from the CEO and act in accordance with the guiding principles of CMLS. The position will require the development, coordination, implementation, compliance, and promotion of CMLS products and services, including webinars, workshops, meetings, and conferences.

See this job and more at the Vendor Alley Job Board!

ShowingTime Acquires RBI

SHOWINGTIME ACQUIRES REALESTATE BUSINESS INTELLIGENCE (RBI) TO PROVIDE ADDITIONAL ANALYTIC TOOLS FOR CUSTOMERS

“ShowingTime, the real estate industry’s leading showing management technology provider, announced today that it acquired RealEstate Business Intelligence (RBI) to deepen its Analytics Group offering, enabling customers to gain a richer understanding of their local real estate markets.

RBI delivers local market statistics and trends to 142 MLS organizations and nearly 500,000 agents across North America. Its SmartCharts Pro and MARKETrends Premium products and services are used by another 30,000 subscribers.”

Keep in mind that ShowingTime recently acquired 10K Research. I believe that RBI was either partly or fully owned by MRIS. 10K Research was wholly owned by the Minneapolis BOR.

A few things to comment on.

1. Consolidation is happening.
2. Love to see a vendor like ShowingTime making moves like this. It shows the confidence they have in their team and a vision for its future.
3. MLS and associations discover that its hard out there being a pimp vendor.

Sponsored By Paragon Connect