Posted on 08/04/2018 1:06:02 PM PDT by AAABEST
“Real estate brokers and agents invest resources into obtaining property listings,” wrote NAR, which counts 1.3 million real estate agents as members. As such, NAR said agents have “rights and responsibilities to control the distribution of their listings.”
Any “appropriation of a commercial entity’s data, work product, or intellectual property for exploitation by another commercial entity is not justified,” NAR added.
But while Zillow argued for the “democratization” of data, NAR said calls for greater access to MLS data are “based on faulty expectations that unrestricted access to listing data will help consumers.” Instead, NAR said, “forcing brokers to provide unrestricted access to proprietary MLS information can alter important incentives for the creation of listing information.”
(Excerpt) Read more at therealdeal.com ...
That said, Zillow needs to be smacked down hard, then choked-out for good. They hold themselves out as some for of public do-gooders, but Zillow is a self-serving POS and a hazard to the public.
Please show us on this doll where Zillow touched you and hurt you.
“but Zillow is a self-serving POS and a hazard to the public. “
Nonsense.
But they will kill the Real Estate “industry”.
Good riddance.
Zillow is part of the Matrix.
Relax and enjoy.
As stated, I don't use it. I sell commercial.
Another dinosaur business attempting to put the toothpaste back in the tube.
Pithy and spot-on
Thanks
Why is Zillow a hazard ?
It’s free advertising. I sure as heck wouldn’t want MY Realtor to keep people from seeing MY listing.
No they won't.
They'll just go out of business when they have to start gathering their own data, as opposed to leeching it or demanding the court hand them proprietary material.
Any non-source seller of info should always be suspect. I didn’t know Zillow was paid by the realtors for listing leads! What a crock!
I used to work for a realtor so I got used to using realtor.com. Now I can check out the new one. Got a link? Also, how is Zillow a hazard?
My parents recently moved cross country. Last summer, they contacted and met a real estate agent in the area they were planning to move to.
The property they eventually found was not due to the hard work of their agent, but due to a Zillow listing. The house had been on the market for roughly four months and owners were just about to de-list it. It was exactly what my parents were looking for, and in the price range they had given to the agent.
I’m not why you think Zillow is so evil, but for my folks, it worked to their benefit.
lol....really? That's what you think?
Did Zillow ever touch you in your bathing suit area?
There are complex issues.
The “realtor.com” website used to be too slow to use.
They’ve made it very nice now. Therefore, third party websites aren’t as valuable to home buyers.
However, no monopoly should be able to extend its monopoly by monopoly power.
AT&T had to license the transistor.
RCA had to license color TV.
In Britain, third party websites like Rightmove and Zoopla rule the roost.
Zillow is useful in that it allows for searching by build date, so old houses for sale in say Loudoun County, Virginia are easy to find.
The selling agent should have to power to easily place information on his client’s property on appropriate websites.
I can’t “not” pay it.
In what alternate universe do you reside? Are the clouds floating below or above you?
They way you used it is exactly how it should be used. Private owner, FISBO and Zillow put the seller and buyer together. I'm all for that.
But Zillow is demanding from the courts proprietary data, their business model is to leech/commandeer data from others- who worked for it.
When the dust settles, 1% listing fee and 3% selling fee will be the norm when 6% was the norm. It’s already happening here in Southern California.
Disruption, yes but not devastation.
If this is true, and they are trying to profit off of others work products, I understand your issue with them. Thank you for clarifying.
“1% listing fee”
Listing is a lot of work, so upfront compensation is appropriate.
However, houses are often put up for sale simply because their owners are in a financial bind.
Probably, a mix of payment models will have to exist.
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