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

[Evincere]

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?

Yes to MLS data but limited to historical property data they pull directly from the MLS regarding the property’s listing history.

Yes to the Tax Assessors tax data as well.

I do not believe it picks up the FISBOs whereas the Tax Assessors website will pick up all sales.

Free? My MLS fees are down right ridiculous - to the degree an Appraiser would utilize MLS I considered them robber barons.

 

[Evincere]

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?

Yes to MLS data but limited to historical property data they pull directly from the MLS regarding the property’s listing history.

Yes to the Tax Assessors tax data as well.

I do not believe it picks up FISBO whereas the Tax Assessor website will pick up all sales. I vett, cross reference and verify with 3 sources

Free? My MLS fees are down right ridiculous - to the degree an Appraiser would utilize MLS I considered them robber barons.

 

[Renee Healion]

It comes with the MLS which I pay for but yeah I guess it is free. ;-) I wouldn't pay for it.

It shows data they pull from the MLS (owned by the same company). The property info is from the listing: rooms, BR, baths, living area, the same data the agent entered in the listing which you already have. They have a field that reports Public Record version of living area because that can conflict with what the agent entered. That info comes from assessment records but their main source seems to be MLS data.

It also draws from land records: a list of grantors/grantees for mortgages (amounts, types, lender) and transfers (buyer, seller, date). They screw up what is nominal, arms-length here, quite often. Sometimes the transactions can be conflated, or the types or dates are not referring to the correct transaction.

It is not magic. It does not permit you to read the documents in the public records. You cannot get the legal description from it. It just aggregates from these sources, not always well.

 

[Terrel L. Shields]

Realist was the only financial information our MLS gave. And it didn't work if the APN wasn't correct. And it only gave you info for MLS sales. So FSBO was completely opaque.

 

[Mejappz]

DataExpress previously owned by FNC and now owned by you know who had the best data. And that's because it would strip appraisal reports of data every time you uploaded the report through Appraisal Port. I used it years ago and found it more reliable than at that time RealQuest.Last year I called to check on the price and it was ridiculous. $150.00 per month.

 

[Overimprovement]

My MLS fees are down right ridiculous - to the degree an Appraiser would utilize MLS I considered them robber barons.

Concur 100%!

 

[TRESinc]

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?

in my area realist shows all sales regardless of how they were marketed and it labels them when it is a bank sale or a short sale. it is very similar in nature to the old metrocscan i subscribed to years ago. it is included as part of our MLS and there are no additional fees for it. from my observations it uses public records as the main source for data and then complies that with what it pulls from the MLS system. it is far superior to MLS as it is not limited to just MLS data, and in my market there are more FSBO now than i ever remember in over 20 years of doing this.

 

[Overimprovement]

I guess my MLS doesn't have it, based on the deer in the headlights look when I asked a couple agents about it, and nothing on the MLS itself. Too bad, I could use any help I can get with the poor data around here!

 

[RCA]

https://www.inman.com/2019/05/06/corelogic-accused-of-inappropriately-selling-MLS-data/

The Austin Board of Realtors (ABOR) is accusing CoreLogic, the vendor of its multiple listing service (MLS), of selling home sold data to Travis Central Appraisal District (TCAD), a county-level home appraisal organization.

“When we were made aware that our [MLS] vendor may have inappropriately sold MLS data, we demanded they stop immediately and take the steps necessary to destroy that data,” ABOR said in a statement. “They agreed.”

What happens is that CoreLogic - like many other companies- has software that allows users, with legitimate access to specific MLSs to download data via their "tool". Only they, i.e. the client, i.e. the broker or appraiser, have to supply a password for their MLS batch data access to the intermediary. The data is downloaded through given intermediary's software (e.g. CoreLogic's "Rets Connector"- which can and will then intercept and store the data on the intermediary's servers. The given intermediary (e.g.CoreLogic) has obtained the data through the possibly improper disclosure of the logon id and password by the client, - but then that is not their, i.e. the intermediary's, concern. The MLS cannot actually claim that the data was "stolen" by the intermediary, who obtained it via the legal login,
well, perhaps inappropriately supplied by the client, for which it can claim no knowledge of the specific contractual agreement between the given client and given MLS. The intermediary, e.g. CoreLogic is then in possession of said data, for which it has no contractual agreement with anyone as to disclosure, distribution,etc... So, why can it not distribute the data further? The said client, the poor appraiser or real estate broker, of course had no intent to give their data to the intermediary. Thus the MLS, takes no action against the client in question, as they, the MLS, are not only a company - but in fact represent to a large degree, their customer/clients, more specifically the brokers, via the Realtor Association to which they are invariably bound. If they let broker's off the hook, by the way, it kind of make sense to let appraisers off the hook ...although it is usually the brokers using things like Rets Connector.

But, AS A LOWLY APPRAISER (rather than a God Real Estate Broker), I would be cautious about supplying your user name and password to a download service. It may backfire one day.

 

[Carnivore]

Why do we worry about it? Well, an appraiser who is "borrowing" someone else's MLS credentials (1) has lied on their application to be on our panel, and (2) is committing theft of intellectual property. Is that the kind of person you want to hire to do appraisals? Perhaps these are not big issues for some.

Hang'em if you catch them...We All pay money for that service... Every Quarter I pay $255 bucks Maybe some don't know this but MLS is separate corp. from the board of Realtors. It cost MLS a lot of money to maintain, assemble, and create the database plus safeguard the free data all of us give them.

Its not intellectual property...Its just data... Pictures on the other hand is intellectual property owned by the MLS system.

This is why I don not participate in Corelogics Comparable sharing scheme ...It is also why I do not store any appraisals in Corelogics Vault. If they want me to store my files with them then they can PAY me to do it.