Realtor Property Resource: The Digital MLS Book?


selltoon

The coming Realtor Property Resource (RPR™ ) will provide “nationwide access to public record information such as tax and assessment data, liens, zoning, permits, environmental information, and information on neighborhoods, school district and community demographics….” (Source: NAR Press Release November 9, 2009).

This aggregation of data will make Realtors a valuable resource to consumers:

Realtors® are the first, best source for real estate information, and the RPR™ is another emphatic feature to that resource. RPR™ will give Realtors® nationwide data on all properties at their fingertips so they can respond quickly to consumers interested in residential and commercial real estate. This is exciting news and a terrific NAR member benefit. NAR is committed to keep Realtors® central to the transaction and to the buying and selling experience with their clients and customers,” said NAR President Charles McMillan, broker with Coldwell Banker Residential Real Estate in Dallas-Fort Worth. (emphasis added)

…NAR CEO Dale Stinton said, “These acquisitions will allow Realtor® interests to control the program and the content.

(emphasis added)

Source: Press Release (November 9, 2009)

But….who gets to see this data?

It will be exclusive to members of NAR who can share its information with its clients. (emphasis added) Source: RPR Fact Sheet)

OK, sharing this information with clients is good.

But HOW can this valuable information, in the exclusive hands of Realtors, be shared with consumers?

There was a prohibition against sharing the data in “listing presentations”. After pointing this out in a soupy RPR post, the prohibition on listing presentations was removed “as a mistake”.  But still, how do consumers get this information from Realtors, who have the access?

According to the NAR:

There will be no public access to the RPR® and the database and its data cannot be shared through consumer websites. (emphasis added).

Hmm…. if the Realtor Property Resource database of valuable aggregated  public information on homes across the country can be shared in listing presentations or when a consumer comes into a real estate office, but  NOT shared on Realtor websites or blogs, because they are consumer websites, it may look to consumers like a return to the old days when they had to visit a broker’s office to peek through the pages of the top secret MLS books.

Is RPR going to be the Digital MLS Book? Tell me it ain’t so.  If it can’t be shared on brokers’ blogs or websites, I think TruZillas will throw a party.  And other upstarts will be encouraged to join the party.

Technorati Tags: , , ,

Share This Post
  • Thanks abreese. That's what I figured. LPS could have crushed TruZilla by making the data completely free to the public. Putting the Realtor in the middle (in control) is a mistake IMO. I wonder what consequence will befall a Reator who publishes the report, the raw data.
  • ericbouler
    Wow! Our board will not even let us use an IDX. The brokers want to be the only ones to have this. I am sure in the end its going to be used to sell realtors leads. Just my thought!
  • This is great news Reggie. Any idea when the API will be published? Thanks.
  • Hey JF - I can confirm that RPR will provide an API for VOW operators. There is still work to be done on this piece, but as I understand it will allow a registered VOW user to go to a section of the VOW, select a report and the RPR system will deliver the link to the report back through the VOW.
  • Reggie, will the VOW API be free to brokers and agents?
  • VOW's will be able to render these reports at no charge. Again the API will only include the reports and not the raw data
  • Can the reports then be published on the broker website or blog?
  • The reports can not be published on consumer websites or blogs.
  • Bingo, Howard. If a consumer has to go through a Realtor, in person, to get this data, I don't think they will like it. And they will continue to go to the TruZillas to get this information. If Realtors can share RPR data in a listing presentation, they should be able to share it on their websites and blogs. Period. If LPS prohibits this consumer sharing, it is a fatal mistake in my book. Tell me it ain't so LPS, NAR.
  • Joe, this is exactly the thing that makes absolutely no sense to me about rpr. The consumer public will not be pleased and the NAR has clearly forgotten we are living in the information age so realtors (r) should be able to provide the information.
blog comments powered by Disqus

Blog Widget by LinkWithin