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by CareyBot

NEW YORK -- The real estate industry can throw up so many roadblocks to access its data that it can be enticing for those who want it to acquire it illegally. That's according to panelists at today's Real Estate Connect New York City in a session called "Who Owns What? The Protection of Intellectual Property in Today's Market." Some companies that want real estate data don't have any other recourse except to go through an illegal provider because getting approval from a multiple listing service and its member brokers costs a burdensome amount of time and money, said Jay Gaskill, president of real estate technology firm Real Estate Digital. "It hurts the industry," he said. For instance, some lenders use illicitly sourced data in their back-end systems to help them make deci...