Quantcast

February 23rd, 2010

Z57 Inc. Reports New Client Acquisition Based on Industry-Leading IDX Solutions from Onboard Informatics

pressrealeaseZ57 Inc., a leading provider of real estate online marketing services, announced the company has transitioned thousands of their clients to the Onboard Informatics’ Listings Web Service platform, their Internet Data Exchange (IDX) solution. With the 2009 integration of Onboard Informatics’ state-of-the-art IDX solution, Z57 REALTORS® websites deliver timely, accurate and useful consumer listing information.

These newly integrated services combined with the historically available products from Onboard Informatics, such as home sale values, comparative values, local information on schools, community, businesses and more, have led to an industry-leading complete solution for both REALTORS® and consumers. This product provides MLS-approved Z57 clients and their site visitors the ability to search for home information based on a variety of parameters including, but not limited to: address; zip code; and local community — with filters for distance, time periods, price range, and property types with relevant localized content.

Z57 recognized the need for REALTORS® websites to meet the changing times and demands of buyers and sellers. With the addition of these data-rich tools, Z57 clients now have a competitive advantage throughout the real estate cycle.

Some of the key benefits of Onboard’s Listing Web Service platform include:

* Fully integrated branding, to convey a consistent message, look and feel.
* Administrative tools are easily accessed in the host’s Marketing Control Center (MCC).
* Visually compelling search forms invite visitor interactions.
* Property search results are integrated with Google maps.
* Comprehensive IDX statistics track results for valuable feedback.

“Over five years ago Z57 identified in Onboard Informatics a technology partner we could grow with — one that provided enterprise-class data gathering, processing and distribution,” said Ryan Whitlock, Z57 COO. “In 2010 we anticipate the expansion of our long-term partnership with Onboard based on new client acquisition from the superior functionality of their IDX solution.”

“Since 1998, Z57 has proven that stamina and technological innovation in the business of real estate website marketing is a winning combination,” stated Marc Siden, Onboard Informatics CEO. “Our strategic partnership with Z57 further supports their commitment to providing their clients with industry-leading content through powerful end-to-end solutions, helping them gain strong advantages in a highly competitive marketplace.”

About Z57 Inc.
San Diego-based Z57 Inc. is a personal Web marketing company for thousands of real estate professionals. Founded in 1998, the company specializes in feature-rich designed websites, with content, listings, lead capture and conversion tools, buyer/seller traffic generation through effective online marketing plans, listing syndication, Search Engine Optimization, drip e-mail marketing and a highly trained and responsive customer service team. Z57 provides clients nationwide with proven real estate solutions matched with personal service from more than 150 dedicated employees. The Southern California Internet marketing firm was recognized as an Inc. 5000 company and San Diego’s No. 1 Web Development and Design Company. For more information, call (800) 899-8148 or visit http://www.Z57.com.

About Onboard Informatics
Since 2001, Onboard Informatics has provided comprehensive local, regional and national real estate data solutions, powerful Web tools and Web services to some of the most innovative companies in the real estate, publishing, and technology. Onboard delivers seamless integration of property listings, community, school, neighborhood, geographic and demographic information to support clients in achieving business objectives on Web and mobile platforms. Privately held since its founding, Onboard is located in the heart of the world’s financial center in the Wall Street area of New York City. For more information about Onboard Informatics, visit http://www.onboardinformatics.com.

Media Contact:
Sue Almon-Pesch
For Z57, Inc.
Phone: 858-205-0516
E-mail: sue@speschialpr.com

Tags: , , , , .

January 6th, 2010

Building a Listings Platform with Trust and Transparency

climbing

You may recall that in September, we announced our new Listings Web Service. Our team has been working relentlessly in Q4 to enhance this product while fostering trusting relationships with MLSs and bringing you inside our doors to understand the progressions, we as a company, have made.

Onboard began delivering IDX capabilities in early 2009. Since then, we have built direct relationships with each MLS, in our pipeline, to gain access to IDX data on behalf of our clients. We host and maintain the listings data as well as administer secure access. All of our neighborhood content is also available with various standardized search parameters. We feel these two pieces of information are vital to anyone involved in any stage of a property transaction.

As data providers we understand the importance of data integrity and potential misuse of data. We take extra measures to ensure listings on our clients’ websites are presented in compliance with MLS rules and regulations and only available to approved members of the various MLSs. We have also recently introduced additional security measures to ensure MLS data is even better-protected against unauthorized use.

Although we are not new in the real estate space, entering the world of listings presented some challenges. However, we believe in determination and perseverance, and most importantly, that the foundation of any strong and lasting relationship is built on trust and transparency. This is just one of the key ingredients to our success, which has enabled us to gain over 100 MLS boards nationwide.

Building a fully-functional and innovative Listings/IDX platform from the ground up takes time to ripen, so our team was also strategic in developing our coverage plans. Fifty percent of our coverage is concentrated in the two hottest real estate areas of the country: the West and the South.  Today, we can provide clients with access to over 1.8 million listings or roughly 50% of the estimated total U.S. inventory, a number growing each week as we continue to expand coverage.

Thousands of board-approved agents are now supported by our Listings Web Service. We look forward to providing the benefits of our one-of-a-kind Listings Web Service to even more real estate professionals in the coming year. We also look forward to building new relationships and working alongside great people supporting this effort who don’t normally get the recognition they deserve – you know who you are.

As always, feel free to reach out to me with any questions you have regarding the product itself or our coverage areas.

Tags: , , , , .

November 20th, 2009

Weekly Roundup

The best mobile apps of the future, going green beats being blue, a perspective on Google listings, and more in this week’s Roundup.

• A look at how information providers (like us!) are reshaping the MLS community (via Inman):

“With consumers now expecting to see a comprehensive set of for-sale listings, agents, brokerages, multiple listing services and third-party aggregators are seeking to differentiate themselves from their competitors by pulling onto their Web sites anything and everything from the growing universe of information that might conceivably be connected with a home purchase.”

• Can green properties impact employee health and productivity? A new CB Richard Ellis/U of San Diego study thinks so (via Hot Property Blog):

“A new study found that tenants in green buildings experience increased productivity and fewer sick days. The research also found that that green buildings have lower vacancy rates and higher rents than non-green counterparts.”

• ReadWriteWeb profiles the top 10 mobile applications of 2012 according to Gartner:

“For many of the categories on this list, there are a number of mobile apps that are already available today. But what Gartner makes clear is that we’re just getting started when it comes to their use.”

• Google is incorporating listings into map applications (via 1000Watt blog):

“Forget the RPR. If you’re interested in the future of real estate, you need to be watching Google closely these days. A couple weeks ago we noted the company’s move to include a real estate overlay on Google Maps, which put listings smack-dab in front of millions of Google users who likely had no idea the company has spent the last several years quietly aggregating this content.”

Tags: , , , , .

September 2nd, 2009

FAQ: The Industry’s Only Property Listings IDX Delivered Through A Web Service

We have been receiving a lot of questions regarding our new Listings Web Service and are excited to answer.  I’ve put together the following FAQ but please don’t hesitate to reach out to me or our sales team if you have further questions.

What is Onboard’s Listings/IDX offering?
Onboard provides access to listings (IDX content) via a  Listings Search Web Service for use by agents and brokers who participate in and have credentials for the respective MLS they are accessing.  This is NOT an offering to allow those without MLS approval to access listings content.  Clients must still have appropriate MLS credentials and must still follow all MLS compliance rules in order to access, use and display the respective MLS content.

What does Onboard’s Listings/IDX product currently do?
Onboard Informatics builds direct relationships with each MLS to gain access to IDX data on behalf of our clients. We organize and clean the data and enhance it with various standardized search parameters, tagged with Onboard content and make it available for searching on our customers’ websites while ensuring compliance with MLS rules and regulations.

Why should I use Onboard’s Listings/IDX (Internet Data Exchange) solution?
• Quality. Dependability. Support. And the simplicity of accessing the data from a single interface no matter how many feeds needed
• Integration of Onboard’s additional product offerings
• Minimize technology & licensing costs
• No hidden fees for photos and other services
• Minimize internal maintenance costs
• The benefit of additional features to the product, as they are developed

How is Onboard’s Listings/IDX product offered?
There are two ways a client may access this content:

1) We provide a web service that allows search across all MLS feeds through one consistent interface.
2) We provide individual bulk data feeds that allow clients who are MLS approved participants, to load the data into their own databases for search and other purposes. Clients can choose what works best for them.

Who are the target clients for Onboard’s Listings/IDX offering?
There are two main audiences that will benefit from Onboard’s offering:

1) Real estate brokerages that provide services in multiple geographies (typically regional or national brands)
2) Real estate application developers who build websites, CRM solutions and other systems for agents and brokers that require IDX content

What makes Onboard’s offering unique?
There are three primary differentiators of Onboard’s offering:

1) Onboard is the only company that provides access to IDX listings via a web service
2) We undergo a rigorous process to ensure the data associtate with these listings, is cleansed and mormalized to ensure it is consistent, acurate, and searchable.
3) We optomize the listings with our own content to enable unique search based on parameters that are currently not offered in the marketplace.

How long will it take to implement Onboard’s Listings/IDX offering?
Once approval from the MLS to use IDX on a client’s website is completed, which can take several days, the technical integration of the search web service can be accomplished in a few weeks time, depending on the technical abilities of the development team. If a client chooses bulk feeds, the integration to the client’s database may be completed in even less time.

What is the pricing model for Onboard’s Listings/IDX offering?
There are pricing models designed to fit both the needs of value-added reseller partners and direct clients. We also offer discounts for current customers and multi-year commitments.

For more information on our Listings Web Service or for how our solutions can best fit your needs contact us at 646.747.3899 or info@onboardinformatics.com.

Tags: , , , .

August 26th, 2009

Onboard Informatics Selects LPS Real Estate Group to Deliver Data Aggregation Services

pressrealeaseNew York, NY. August 26, 2009 – Onboard Informatics, the premier data services provider to top-tier real estate, media and technology companies, has selected LPS Real Estate Group, Inc.’s Data Aggregation Services to process and standardize real estate data for Onboard Informatics’ clients. Formerly known as Cyberhomes and FNRES MLS, LPS Real Estate Group is a wholly owned subsidiary of Lender Processing Services, Inc. (NYSE:LPS), a leading provider of integrated technology and services to the mortgage and real estate industries.

The agreement between the two companies helps to speed the delivery of Multiple Listing Service (MLS) Internet Data Exchange (IDX) data to Onboard and its customers. LPS Real Estate Group provides data services for clients using its standardization process for millions of active property listings from more than 400 MLS boards across the country.  When Onboard completes its licensing agreement with a new MLS area, LPS Real Estate Group will quickly deliver its comprehensive data aggregation services, which include importing MLS listing data from hundreds of different systems, placing the data and photos into standardized formats, checking the files for corruption and validating key elements like addresses. By completing the “heavy lifting” of complex data aggregation and formatting, LPS Real Estate Group will dramatically reduce Onboard’s set-up time and expense.

The highly successful January 2009 launch of Onboard’s Lifestyle Listing Engine (LLE) resulted in a dramatic increase in demand to expand MLS market coverage. Onboard responded to their customers’ requirements by working with LPS Real Estate Group to reduce the time and expense needed to meet the expansion demand.

Marc Siden, CEO of Onboard, said: “Onboard’s new agreement with LPS Real Estate Group will allow our clients to quickly gain the benefit of a national MLS footprint. Our analysis determined that LPS Real Estate Group provided the most reliable, timely, cost-effective data aggregation service in the market. The relationship also will enable our highly qualified internal teams to continue to focus on what we do best – providing the best solutions to our client base through our unique and ever-evolving products and services.”

Commenting on the agreement, Larry Ross, General Manager of Listing Aggregation for LPS Real Estate Group, said: “We are delighted that Onboard has chosen us as their listing aggregation solution.  We are confident that our data aggregation service, which is the most comprehensive in the industry, will allow Onboard to successfully meet its business objectives, and we look forward to a long and mutually beneficial relationship.”

About Onboard Informatics

Since 2001, Onboard Informatics has provided comprehensive local, regional and national real estate data solutions, powerful web tools and web services to some of the most innovative companies in real estate, media, and technology industries.

Onboard combines its expertise in data aggregation, standardization, and integration with expert consulting, transforming the complexity of data into meaningful solutions to support their clients in achieving business objectives.  Privately held since its founding, Onboard is located in the heart of the world’s financial center in the Wall Street area of New York City.  For more information about Onboard Informatics or to request a demo, visit www.onboardinformatics.com.

About Lender Processing Services

LPS is a leading provider of integrated technology and services to the mortgage industry. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop) portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by volume are serviced using LPS’ Mortgage Servicing Package (MSP). In fact, many of the nation’s top servicers rely on MSP, including eight of the top 10 and 14 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, please visit www.lpsvcs.com.

The LPS Real Estate Group has relationships with more than 300 MLS organizations, 250 broker companies, settlement services companies, and more than 350,000 real estate professionals. The technology applications include innovative tools such as Paragon™;  the reInsight™ collection; rDesk® Broker & Agent Suite of products; TransactionPoint®; DocCentral; Cyberhomes; the Real Estate & Living Media Network that generates revenue for its  publishers; as well as a robust real estate property and tax database that includes 285 million residential and commercial property, ownership, sales, assessment and mortgage records. This represents detailed information on at least 92 percent of U.S. property ownership records in more than 2,000 counties with over 648,000 new ownership records added monthly.  For more information about LPS Real Estate Group, please visit www.lpsreg.com.

# # #

Onboard Informatics Contact:

Stacey Ret, Director, Marketing
Onboard Informatics
sret@onboardinformatics.com
646-747-4395

LPS Real Estate Group Media Contact:

Laura Buser, VP, Marketing & Communications
Laura.buser@lpsvcs.com
949-681-4852

Tags: , , .

January 27th, 2009

Unity of Content: Unsolicited but Free Advice

Keeping in mind the maxim, “Advice is worth what you’ve paid for it” I thought it would be fun and interesting to look at what unity of content means in the context of an actual website.  This is unsolicited advice — indeed, the site owner has no idea I’m even writing this up. :)

Geek Estate (a great blog, if you’re interested in web, technology, and real estate) recently posted an interview with a realtor, Lisa Barton, from Ponte Vedra, Florida about her website redesign experience.  Go check it out in full; it’s worth your time.  (Lisa’s website is here: http://lisasellspontevedra.com/ )

What I found fascinating is this part:

Q: What do you think the best feature is on your new web site?

A: I think the Communities and Neighborhoods pages are a good feature. Our city is made up of several separate towns or communities. The site features an introduction to each Community and then provides additional information about the Neighborhoods within each Community. The search feature allows people to search for homes in each specific Community and Neighborhood (whatever page they’re on). That feature was time consuming from a programming standpoint, but I think it will make searching for properties easier for customers.

Now, Lisa’s website is extremely attractive, well-designed, with good layout and good usability.  Everything is laid out extremely well, and the website design is very clean, with great colors, and good use of type.  Take a look:

Lisa Barton's lisasellspontevedra.com homepage

Lisa Barton's lisasellspontevedra.com homepage

However, if she believes her best feature is her community and neighborhoods page, then she’s got some work to do.

On Community Pages

Recall that I had mentioned earlier that there are three big buckets of content for real estate websites:

  • Listings
  • Statistical Content
  • Dynamic Content

If you look at Lisa’s site, her community pages have the first covered: you can search for listings within that particular community (e.g., Atlantic Beach) by clicking a link.  Nice, simple, and elegant.  It doesn’t hurt that while this sort of community-based search isn’t a full-on lifestyle listings search, it does help the consumer think first about where they want to live, then find homes within that area, which is how most human beings think about their future home.

However, the section is pretty much devoid of statistical content and dynamic content.  Here’s her community section for Atlantic Beach:

Click to Enlarge

Click to Enlarge

The text says:

Bordered by the pristine beaches of the Atlantic Ocean, the woods of Hanna Park, and the marshes of the Intracoastal Waterway, Atlantic Beach provides a wonderful setting for outdoor activities, shopping, and nighttime entertainment. Stretching only about 25 blocks from north to south, Atlantic Beach is a closed-end community of about 14,000 with a neighborhood feeling.

The newly renovated Town Center offers conveniently located fine dining, upscale retail shops, boutiques, and entertainment.

Atlantic Beach is dominated by single-family homes, with some townhomes and duplexes.  The city is committed to acquiring land for recreational purposes, so citizens and visitors alike can enjoy acre after acre of wonderfully preserved parks.

Schools around Atlantic Beach

Students attend Atlantic Beach Elementary School (A rated in 2007, 2006), Mayport Elementary School (A rated in 2007, C in 2006), Joseph Finnegan Elementary School (A rated in 2007 and 2006), Mayport Middle School (C rated in 2007, B rated in 2006) and Fletcher Middle and Senior High schools (B rated in 2007, 2006).

First, the written paragraphs mostly recite statistical facts, such as school information.  But because the section does not provide sources, it is impossible to know who rated Atlantic Beach Elementary School as an “A”.  Was it the parents?  The authorities?  Lisa herself?  Who?

Second, there are no explanations posted by Lisa or anyone else.  Why did Mayport Middle School drop to a “C” from a “B”?  What happened?  The ratings themselves are unexplained: What does it mean to be rated an “A” or a “B”?  How are the ratings calculated?  Is it based on academic performance only?  On student-teacher ratios?  On expenditure per pupil?  It isn’t clear what these ratings mean, so the ratings themselves have minimal value.

Third, if you’re going to write, “The newly renovated Town Center offers conveniently located fine dining, upscale retail shops, boutiques, and entertainment” then you really ought to back that up.  Otherwise, it reads like vacation brochure copy, and can (and will) be immediately disregarded by the average advertising-immune consumer.  Lisa has a great map integration on the site with some custom-coded Google Maps.  Why not add these “fine dining, upscale retail shops, boutiques and entertainment” locations right on the map, with Yelp reviews or even her own reviews of each establishment?

Fourth, the single paragraph about Atlantic Beach provides little insight into the character of the community.  Is it full of old retired people or are there lots of young families there?  (A relevant question for Florida, no?)  What’s the median income?  Median age?  Ethnic diversity?  What about the education levels of the residents, so I as a consumer can get a sense of what the community is like?  How’s the employment picture?  Is this a commuter town to nearby Jacksonville?  Or is this more of a resort-beach town with lots of tourism?

Statistical content can help answer many of those types of questions, and can help Lisa’s visitors get factual information about Atlantic Beach.

Last, but by no means least, where are the relevant blog posts about Atlantic Beach?  Lisa maintains a blog on her site, and posts useful articles on hiking in Guana State Parkfor example.  She could do a simple feed from her blog directly into her community pages by tags (e.g., “Atlantic Beach”, “Ponte Vedra”, etc.), and post the dynamic content directly into her community pages.

With those changes, Lisa would achieve a far stronger community and neighborhoods section, providing even more useful, informative content to her visitors, driving user loyalty while establishing herself as a true local expert in the communities she covers.  That is unity of content.  Listings, statistics, and dynamic content all work together to reinforce the central message and theme: “This is what these communities are like, and here are the homes in those communities.”

Prioritizing Doesn’t Mean Monomania

To be fair, Lisa’s website does appear to achieve her stated objectives:

Q: What was your goal going into the project?

A: My goal was twofold. First, I wanted a site that my customers could use to look for properties, and then save those properties and forward them on to friends or family. I also wanted my customers who were new to this area to be able to use the site as a source of information, both about homes and also about the community. The second goal was to help me generate new potential customers. One of the side benefits has been the advertising for my listings. Sellers are pleased when their property is presented as a featured listing on the home page of the site.

Her goal was to help her customers work with her more effectively: search properties, save them, and forward them on.  She also wanted her customers get information about the area.  And her third (not second as above) goal was to generate new leads.

All three are predicated on generating interest in listings, in properties.  And Lisa’s new website does do that and does it well.

But prioritizing customer service and lead generation does not, in my view, mean excluding everything else.  With such a wonderful site design, Lisa can easily brand herself as a true local experton Ponte Vedra and nearby communities.  Why not add that as an objective, and get the content to support such an objective?

She can build a following in her local community by becoming much more than a source for listings; that in turn can lead to new opportunities via referrals, word of mouth advocacy, and social media.  Why not take advantage of all of those things?

To be even more fair, fact is that we at Onboard Informatics don’t even really offer a solution for individual realtors like Lisa Barton.  Our partners and clients do, but we work with enterprise clients for the most part.  At the same time, the idea of unity of content applies whether you are a multi-billion dollar enterprise brokerage network or a solo practitioner.  There is no reason why the independent broker or small company could not put these principles into practice.

Recap

Fact is, Lisa Barton’s website is better than a great deal of “enterprise” websites out there.  She and her web design team have done a great job, and ought to be congratulated.

To make her site even better — especially in the section she considers the best feature of her new website, the community & neighborhoods section — Lisa should look at unity of content, using Listings, Data, and Dynamic Content together to drive her website goals and objectives.  Further, she should broaden those goals slightly beyond just lead-generation and marketing properties to create recognition of her local knowledge.

Of course, keep in mind, advice is worth exactly what you paid for it. :)   Caveat lector.

-rsh

Tags: , , , , , , .

December 19th, 2008

IDX, VOW, WTF? The techno-ninja perspective.

I would have thought by now I’d be starting a blog post with the phrase “I get a lot of questions about VOW feeds”. Um…not so much, and I’m wondering why. I think it must be because folks are still trying figure out exactly what the real world implications of that NAR/DOJ agreement are.

I’m no lawyer (not bragging or anything, just saying), and maybe my good friend Das Hahn (The Hahnster? Robtastic?) will chime in if I say something completely wrong or idiotic (always a possibility), but if anyone’s interested in plowing through some inadvertently alliterative parenthetical prose about what a data-geek who’s been in the RE space for longer than he cares to remember thinks about this, here you go. If you want a much sharper legal mind’s take on this, check out Rob’s post. FYI, if you actually are interested in my thoughts on this, you should consider a hobby–I hear free running is a lot of fun, and great cardio.

So what the deally yo with VOW? Some background for the uninitiated (just skip this whole next paragraph if you’re generally familiar with VOW), and here I’m just going to just quote Brian Larson who knows what we in the business call a “crap-load” more about this than I do:

For purposes of the DOJ/NAR settlement, a VOW is:

A web site, or feature of a web site, operated by a Broker or for a Broker by another Person through which the Broker is capable of providing real estate brokerage services to consumer with whom the Broker has first established a Broker-consumer relationship (as defined by state law) where the consumer has the opportunity to search MLS data, subject to the Broker’s oversight, supervision, and accountability. (See Policy Section I.1.)

So, basically, any broker with an MLS participant relationship can serve up listing data online to someone they’ve got a “Broker-consumer relationship” with (more on that momentarily). Well…so what? Isn’t that just IDX?

VOW...one baaad mutha--shut yo mouth!

Duck!

Nope, and the differences are critical and potentially very useful. It may look like a duck, but it quacks like a Hell’s Angel. IDX, Internet Data Exchange, is an agreement brokered by the MLS among its members to allow the limited display of limited listings data on each others’ sites–a marketing quid pro quo. The biggest of those limitations involve the number of attributes (data-geek-speak for “fields”) of which some MLSs only allow a handful in IDX feeds, the outright elimination of certain record types (e.g. most off-market data), restrictions on the display and enhancement of listing data ranging from the merely problematic to completely draconian, and–only in some cases, admittedly–the ability for brokers to opt-out of the program rendering the data-set incomplete.

This is in stark contrast to VOW feeds, which are meant to replicate the brick-and-mortar experience of eons past when listings books lived in every office and could be given to customer to take home and peruse. No really, actual books that were printed on something they called paper–yeah, I know. Those feeds are complete and whole, i.e. the majority of useful-to-the-consumer info about the listing is still there and (critical!) brokers cannot opt-out.

Additionally, these feeds are relatively unencumbered by a user-experience-destroying and ever-changing display policy. Meaning you can take the Christmas tree that is the listing and hang some truly kick-ass ornamentation on it, like really relevant contextual content, interesting search, maybe some tools to improve lead generation/distribution/management for brokers, etc.–even the potential for re-margining broker business in advantageous ways (hopefully we’ll hear more on that later from our resident broker biz expert, Dave Collins).

Say! I might know some folks who can help you with all that stuff. Sweet! Tree-trimming party at Onboard’s!

Before we start doing tequila shots, though, there are a couple of hiccups–some real, some merely perceived–that we need to address. Remember that “Broker-consumer relationship” thing? That’s the one folks seem most concerned with, including our own inestimable Rob Hahn. He sees a threat to brokers here–the prevailing theory being if you have to make people sign-up you kill a site’s “throughput”, providing an overwhelming competitive advantage to sites that don’t (i.e. Realtor.com, IDX-based sites, etc.). Me? I only see advantage, provided they can either negotiate some of the technical (not legal!) hurdles or partner with someone who can.

Between the time that I left eNeighborhoods and when Marc and Jon came and drafted me back into the fray, I spent two years as CTO of a pure leadgen company outside of RE. Reg-path management is somewhere between a science and an art, and I won’t claim it’s easy, but there are a variety of ways to overcome the objection of consumers to signing up, including some technology-based sleight of hand. Frankly, handled right registration can be converted from being a barrier into being a feature. Think velvet ropes and VIP rooms. Also, that consumer objection to signing up is just generally getting quieter and smaller every day as people’s use of social networking mediums that demand sign-up for participation grows. Add single sign-on mechanisms, either individual or one of the social media platform initiatives like OpenID, etc. and this becomes negligible.

And BTW? There’s nothing in the language of the VOW agreement or any other I know of (big caveat on that one) that precludes a broker from maintaining both of those feeds. That introduces some interesting hybrid UX/reg-path possibilities. This is a very solvable problem.

Another point Rob and I disagree on is whether brokers can be prohibited by their MLS from giving their listings to the Zillow’s of the world–he thinks they can be, I think brokers can do what they please with their listing and tell whoever says otherwise to pound sand. It should be noted that this point is pretty much all legal ground not technical, so Rob’s far more qualified than me to assess it. The only point I’ll make is that from a broker-site functional/operational perspective, I think his point is basically moot (and I want bonus points for using legal terminology!).

Even if his premise is borne out, the only “feature” really compromised is syndication, which was only ever engaged in by brokers out of desperation (though I would contend that more enlightened brokers shouldn’t feel threatened by alternative marketing channels). If brokers can get that traffic back from Zillow, et al, into their site (or potentially some other VOW-enabled broker site for the standard split which defines the central value proposition of the MLS to its members) by creating better destination sites, with SEO-friendly content, a better toolset, etc. as a result of having more robust listing data–that sounds like a win to me.

Good, bad...I'm the guy with the gun.

Good, bad...I'm the guy with the gun.

People in the space–brokers, agents, the MLSs, etc.–are going to make arguments that VOW feeds are good for this, bad for that, whatever. I feel the same way about this as when I hear arguments from developers about which language is “the best” for coding in, or from infrastructure folk debating the virtues of one OS over another. I tend towards the agnostic for abstract mechanisms of any stripe, and save my judgments for how appropriate a specific application of that mechanism is or how well it’s been implemented.

Long story short (too late!), smart management of this newly available mechanism could allow brokers to drive back the interlopers (their word, not mine) who are building businesses on the back of listings that brokers spend time and money farming. And they can do it by using that unshackled listing data to create a far more compelling user experience for the consumer, and ultimately a better buyer/home match and more ideal result all around. The natural traffic generated by (properly deployed and supported) listings comes home like the prodigal son, ready to courted and managed into leads by intelligent brokers, and handed off to caring and knowledgeable agents ready, willing and able to put families in their new homes. Happy brokers, happy agents, happy buyers, happy sellers.

Either way–VOW, IDX…I’m the guy with the listings.

- Liam Dayan

Disclaimer: No lawyers were harmed in the making of this blog post.

Tags: , , , , , , , , , .