Comments on: Is Zillow Using Our Homes As Bait?

By: listing your home on zillow

listing your home on zillow — Sun, 01 Jun 2008 20:51:19 +0000

[...] your home and put their zestimate price tag on it and … should their listing be displayed …http://blog.sellsiusrealestate.com/zillow/is-zillow-using-our-homes-as-bait/2007/04/04/All Politics is Local: Blue States Beat Out Red States in Home …&8230 Humphries of zillow with his [...]

By: Zillow’s Bogus Listings: Houses Listed for Sale Without Owners Knowledge

Zillow’s Bogus Listings: Houses Listed for Sale Without Owners Knowledge — Sat, 05 Apr 2008 23:17:54 +0000

[...] Is Zillow Using our Homes as Bait? (a good one) [...]

By: Zillow To Put Virtual Sold Signs on Homeowners Virtual Lawns

Zillow To Put Virtual Sold Signs on Homeowners Virtual Lawns — Thu, 15 Nov 2007 21:06:00 +0000

[...] Is Zillow Using Our Homes As Bait? [...]

By: Owners in Zillowland: We Want Out, Zestimates Removed

Owners in Zillowland: We Want Out, Zestimates Removed — Tue, 23 Oct 2007 14:58:33 +0000

[...] Is Zillow Using our Homes As Bait? [...]

By: Zillow Needs More Money and Gets It

Zillow Needs More Money and Gets It — Sat, 22 Sep 2007 07:59:07 +0000

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By: Zillow is still Waaaay off in Hamptons « Hamptons Real Estate Blog

Zillow is still Waaaay off in Hamptons « Hamptons Real Estate Blog — Wed, 11 Apr 2007 19:59:23 +0000

[...] Is Zillow Using Our Homes As Bait? [...]

By: Mitchell Hall

Mitchell Hall — Sat, 07 Apr 2007 23:32:43 +0000

Brian. We have Manhattan MLS a REALTOR® organization (MANAR local chapter of NAR) Manhattan MLS has only about 10 -15% of the listings. REBNY (Real Estate Board of NY) is not an MLS but is the dominant real estate board. Most major and small firms belong to REBNY. REBNY members cooperate with each other. There are also brokers in NY that don’t belong to any board but still cooperate with other brokers they don’t have to adhere to any ethics or rules other than state law. Every broker has their own website and markets their own listings on their company websites. Two firms in Manhattan together have about 60% of the listing inventory. The NY Times print and more recently NYT Online has been the media of choice for sellers buyers and brokers in Manhattan.

By: Brian Brady

Brian Brady — Sat, 07 Apr 2007 22:50:28 +0000

Thanks for the correction. Mitchell. I am completely incorrect in my assessment of Manhattan real estate. i thought Manhattan operated under a closed system when, in fact, there are many little systems cooperating. Is that correct?

By: Mitchell Hall

Mitchell Hall — Sat, 07 Apr 2007 22:33:11 +0000

Brian, I can see how this can be effective advertising for you. As a mortgage broker you are not trying to sell the home and you don’t have the ethical/legal dilemema of advertising another agents listing.

As you know Manhattan has always done business different than other markets in the country. Because we do operate different than most markets, we never had a dominant MLS and have never really shared proprietary information between brokerages other than co brokering listings. I would say we have been an open sysytem. Open to the consumer. The consumer has the same access to information as brokers. All properties for sale are marketed directly to buyers not only to other brokers. IDX is different than a website allowing
anyone to enter anything on it’s website. I have IDX on my website. I can not change any data or information on a listing in the IDX. The description comes directly from the listing agent the agent that has the knowlege about the property. While it has my contact information on my website it also gives the name and firm of the listing agent. Consumers searching MLS listings on an IDX know they are searching on a brokers website. They can still go directly to the listing agent if they don’t want to use a buyers agent. I guess since I’m not in a closed market system I don’t see how a seller would get a higher price from a third party broker intercepting traffic that would normally and probably go directly to the listing agent anyway.

By: Mitchell Hall

Mitchell Hall — Sat, 07 Apr 2007 20:30:41 +0000

I would have no problem putting my own listings on Zillow just like on Craigslist and Trulio and many other web sites.
But as both a real estate broker and a consumer I have issues with 3rd parties being able to list properties for sale. The majority of my business comes from the buy side so it would be great for me if I advertisied another listing agent’s exclusives. Ethically I could not do it. The seller did not hire me to market their home – they hired another agent. To me this is the opposite of transparency – it adds another layer between the consumer and the property without the consumer’s (sellers or buyers) knowledge or permission.

As a consumer I have a problem that my home has no protection from third parties making claims or offering it for sale. Someone can photograph my home and get copyright protection for the photo of my home but my home real proprty or personal property (coop) is not protected. Intellectual property is protected by copyright laws what about real property? Can I copyright my address? Can I get a trademark or a patent on my house or apartment?

I don’t think Zillow will have any credibility if it becomes known that anyone with or without claim can list anything on the site.