Industry NewsNews Brief

A deeper dive into real estate data controversy

Customer, market, property data sets at play in franchisor IDX discussion
Published on May 18, 2011

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by CareyBot

Recently, in a note to tech vendors working in the real estate space, I mentioned how an understanding of industry policies is required to have any success. The technology and the data are often the simplest parts. The "human factors" in getting buy-in to unlock the value in data is the hard part.

The latest kerfuffle at the National Association of Realtors Midyear Meetings between the NAR Executive Committee and the group's multiple listing service committee, regarding the ability of real estate franchise companies to display Internet Data Exchange (IDX) data on their websites, is about as perfect an example of this as any.

In this column I'm going to briefly outline the issue and then present some thoughts about why this issue matters, fro