Corelogic-accused-of-inappropriately-selling-MLS-data/to Appraisers

[CANative]

I don't mind AMC's at all. I set my fee, turn time, etc. They pay without me have to send out bills and reminders. They don't pester me for value or conditions. If we don't like each other we go our separate ways. As a whole, they are just another customer and not a bad customer.

FTR... I disagree with almost everything Michigan CG posted. Maybe he should specialize in rural areas and difficult properties. I get plenty of money and only do half a dozen or so a month. If no one else will do them, I get 4 digit fees.

And that is what I find so ironic....
Not with E....

But with those who enjoy DW's responses back....
Of all of the folks pushing back on some of DW's posts....
And of all of the folks who "like" and agree with DW's posts....
I'm probably the only one who would consider working with SL....
Because I'm not an AMC basher....
While the DW "likers" refuse to work with AMCs, at least that's what they share....
And why is that?
Because they know that they don't truly set their fees....
Nor to they wish to adhere to AMC guidelines....

Isn't that a hoot and a holler!!!!

 

[Renee Healion]

....
What pertinent information does the MLS post that the agent doesn't post on Zillow? Realtor.com, etc. ? I haven't found much gap since dropping the MLS and the MLS no longer providing our board with financial and concession information. So I go to the deeds and mortgages website or the courthouse and look up the mortgage docs and deeds. Surprising what you learn.... In fact, these website often have info on properties my MLS didn't have, especially in rural areas where multiple MLSs may overlap.

I think you post that you do not do res work. If you had done work using the GSE forms (v. 2005) the preprinted certs you must sign affirm that you have access to necessary public and private data sources (Cert 12). If you are dependent on others (leaving aside the unethical aspects of access without paying) then your independence could be questioned. I think you could try to make your case that you comply without membership since now these info sources bleed out onto public sites more and more. I would not want to try it but it would be interesting to see someone try it.

Off topic, but related, I have a creeping dread that more and more transactions occur outside of MLS, rendering stats from them incomplete, and so, skewed.

 

[Terrel L. Shields]

the preprinted certs you must sign affirm that you have access to necessary public and private data sources (Cert 12)

If your MLS does not disclose information otherwise found in public records (even if you have to go to the courthouse) then what does the MLS bring to the table? I work mostly NE Oklahoma despite living in Arkansas or otherwise "do" mineral rights. Mineral rights are not in the MLS. In NE OK, there are agents who belong to the NE OK MLS, some belong to Tulsa, some belong to the NW Arkansas MLS and quite a large number do not belong to any MLS. How do you search out these properties in say, Jay, Oklahoma where the listing agent could be one of the 4 above? Zillow has a feature that allows you to find anything they have that sold in the past 2 years. So what am I missing? The info comes straight out of the agents listing info and usually you can tell who the Realtor was if you just look carefully if there is any thing else. And often if some property is really low priced, it is more than likely a private sale. I tested this idea for 2 years before I "made the plunge" and since I found virtually nothing on the MLS I couldn't find on the listings in Zillow or Realtor.com...PLUS I found that the "forsalebyowner" site and Zillows for sale by owner sales had sales the agents didn't include.

For discovery, I do start with the county compiled records from PVPLUS or ActDataScout and then take that to the court house in addition to a Zillow search by location or address...and addressing is a problem in places like Adair county where 911 addressing is incomplete. But in Oklahoma I also access deed and mortgage records thru a $25/month portal - printing off an unofficial mortgage or deed costs a $0.50 (50 documents per month) with an additional $1 per page if you want an official copy (that goes to the court clerk). In Arkansas I simply go to the courthouse.

 

[Overimprovement]

Off topic, but related, I have a creeping dread that more and more transactions occur outside of MLS, rendering stats from them incomplete, and so, skewed.

Its more than a creeping dread with me. Perhaps 30% of my purchase transactions are not MLS-related. So for those, I HAVE to rely on other sources. Add to that the fact that my main MLS is quite poor at providing both accurate, and complete information. Often, even FOR sales on the MLS, I have to go to other sources to get more than one picture (front, sometimes blurry) of the comp sale I am looking at.

 

[TRESinc]

Yes, you are certainly a curious person...take that either way.

What pertinent information does the MLS post that the agent doesn't post on Zillow? Realtor.com, etc. ? I haven't found much gap since dropping the MLS and the MLS no longer providing our board with financial and concession information. So I go to the deeds and mortgages website or the courthouse and look up the mortgage docs and deeds. Surprising what you learn.... In fact, these website often have info on properties my MLS didn't have, especially in rural areas where multiple MLSs may overlap.

sales concessions, broker remarks (not the general description), various addenda...

I think you post that you do not do res work. If you had done work using the GSE forms (v. 2005) the preprinted certs you must sign affirm that you have access to necessary public and private data sources (Cert 12). If you are dependent on others (leaving aside the unethical aspects of access without paying) then your independence could be questioned. I think you could try to make your case that you comply without membership since now these info sources bleed out onto public sites more and more. I would not want to try it but it would be interesting to see someone try it.

excellent points

Off topic, but related, I have a creeping dread that more and more transactions occur outside of MLS, rendering stats from them incomplete, and so, skewed.

i agree. i also cringe every time i do a review and the appraiser states on the 1004MC that the data encompasses all sales in the neighborhood or all sales in the market or all sales in the zip code yet the data is solely from the MLS. that leaves out every transaction that was not listed in the MLS and that number is growing everyday.

In NE OK, there are agents who belong to the NE OK MLS, some belong to Tulsa, some belong to the NW Arkansas MLS and quite a large number do not belong to any MLS. How do you search out these properties in say, Jay, Oklahoma where the listing agent could be one of the 4 above?

realist

Zillow has a feature that allows you to find anything they have that sold in the past 2 years. So what am I missing?

all the sales that were not in the MLS and all the FSBO that were not part of zaillow, not to mention anything beyond 2 years (and while this typically ins't necessary we all get orders that require lots of additional research, sometimes going back more than 2 years.

[/QUOTE]

 

[Overimprovement]

realist

I've never used realist, so these are informational questions:

If one uses realist, and they cover one's local MLS, is there any data that one would have that the other would not have?

If they are essentially the same, and one is paying for realist, what is the need/benefit to continue using the local MLS? Is there some sort of licensing agreement that says you still have to have access to one's local MLS?

 

[Evincere]

I've never used realist, so these are informational questions:

If one uses realist, and they cover one's local MLS, is there any data that one would have that the other would not have?

If they are essentially the same, and one is paying for realist, what is the need/benefit to continue using the local MLS? Is there some sort of licensing agreement that says you still have to have access to one's local MLS?

Realist is collection of aggregated data - no pictorial essay. It basically Replicates tax assessor and mortgage info sans the descriptive Realtor input or commentary that the property is so exceptional one should jump on it before Martha Stewart makes an offer. Many MLS systems do not charge an extra, itimized fee - its a built-in resource

 

[Overimprovement]

Realist is collection of aggregated data - no pictorial essay. It basically Replicates tax assessor and mortgage info sans the descriptive Realtor input or commentary that the property is so exceptional one should jump on it before Martha Stewart makes an offer. Many MLS systems do not charge an extra, itimized fee - its a built-in resource

Would you say its more of a replacement for local county assessor data than it is for MLS? Or is it better described as a supplement, not a replacement?

 

[Renee Healion]

Included here. MLS by CoreLogic. Realist by CoreLogic. I have already posted that I find it not particularly reliable and others elsewhere post that they love it. The difference seemed to be that I look to corroborate the Realist results and find it lacking and they don't look, so it's great. Maybe Realist is okay elsewhere because their public records are easier for Realist to aggregate with fewer mistakes because it is by county not by every little town. More places to look, greater chance of error. (Though some states probably have more counties than we have towns.)

 

[Overimprovement]

Does it pick up both MLS and local assessor data? IE would it cover those FSBOs and other non-MLS transactions?

So its free for you?