Where Real Estate Gets Its Dirt

The whole magilla!

Look Before you LEAP

“I can’t say I’m an expert in content licensing outside of real estate, but I’m having a hard time thinking of content licensing where the cost isn’t driven by usage volume. For example, pretty much every RE site licenses Google or some other mapping content, and we pay based on usage. APIs like Walkscore (owned by Redfin) are based on usage and other terms. Even beyond content licensing deals, all the cloud providers, such as AWS, Azure, etc., all have usage based pricing. Given this, why is it that real estate content is licensed without terms of use based on usage?”

Interesting response from Michael Wurzer about the new LEAP Policy being floated around. This part is interesting.

“If MLSs would treat the aggregated content as the value it is with proper licensing terms, almost all of the problems LEAP is trying to address would go away. And, more importantly, there would be a sound basis for addressing the wide differences among the sites using the data. Let’s just be clear about this: There’s a HUGE difference in value being derived from the licensed MLS content by Zillow or Realtor.com versus a single agent IDX site. Treating those the same is crazy.”

Really good points here (as usual from Mike). Lots to think about.

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