MLS & Associations

Real estate data licensing roadblocks entice illegal scraping

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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 decisions on important industrywide issues such as short sales, said Ann Hale Bailey, president of real estate consulting firm Pranix Inc. "We have to find a way to license the data legally," she said...