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Really? Realtors buy data to battle Zillow, etc. - Lansner on Real Estate
Lots of good reading re RPR, NAR, etc. ~ click the link below "REALLY?"
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RPR Madness! NAR unleashes national property database with Cyberhomes | 1000Watt Consulting
[What follows is my somewhat stream of consciousness take on today's events. This post is a beast. Interested in your thoughts. And please point out where you think I've missed the mark. More will follow.]
The NAR has taken over certain technology assets of Cyberhomes from LPS (formerly known as FNRES) in order to bring its RPR (Realtors Property Resource) project, as well as its consumer-facing play, HouseLogic, to market. To do this, they have created Realtors Property Resource, LLC – a wholly owned subsidiary of the NAR.
Certain LPS executives, including Cyberhomes GM Marty Frame, will be making the transition over to NAR/RPR. Frame will serve as the President of the new entity. Dale Ross, who was co-founder of MRIS, the nation’s largest MLS, will be CEO. LPS will also provide call center support and other services as part of the deal.
The RPR database will contain parcel information on nearly 150 million properties through a data license from LPS, which (along with First American) is one of the two major sources of public property data.
This is interesting news, but let’s back up a minute for those of you who have more well rounded lives than I (my fellow online RE junkies can skip down to my take on what this deal means).
Read the rest here.
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