Zillow Realtor.com etc
- Thread starter east30s
- Start date
Direct feed if they are a REBNY RLS member. Every firm has a listing vendor that they choose to be their "middle man" so to speak, to share listings with the brokerage community and feed to public sites, etc
thanks.....
REBNY upsets portals by institution of fee for RLS feed access.
therealdeal.com
The change comes after the trade organization began offering syndication — sending listings out to brokerages and consumer websites — at no cost in 2017.
So why now? REBNY needed to offset the building and maintenance costs to run the Residential Listing Service and address the thousands of inquiries that the platform receives, a representative said. The organization declined to specify how much it spends on these costs each year.
The move comes as REBNY attempts to build out a consumer-facing side of its RLS. The group struck a deal with residential technology platform Homesnap to launch this year, as The Real Deal previously reported. The trade organization has also been working to clean up data on the platform, and last year implemented fines for inaccurate information or listings that violate discrimination laws.
REBNY declined to comment on the Homesnap deal.
Like other MLSs across the country, the RLS chose to have vendors pay a nominal fee as it spends more to “improve our data quality and transmissions standards,” said Clelia Peters, RLS co-chair and president of Warburg Realty.
REBNY has more than 37,000 active listings and brokers have the option to place their listings with 14 portals through the RLS Direct Network or 80 websites through ListHub.
Sites like Apartments.com, Realtor.com and other portals can expect to begin paying the fees sometime this year. Most of the responses have been positive, the REBNY representative said.
A representative for Realtor.com said in a statement that the company will continue to work with industry members, citing an understanding of the challenges that come with data feeds and distribution when operating an MLS.
But not everyone is on board.
Phil Horigan, founder of Leasebreak, a New York-based short-term rental marketplace, sent an e-blast Thursday condemning the fee. He called it “destructive” and argued that smaller websites might think twice before deciding to use the RLS integration system.
“This decision could stifle innovation and lessen the competition to reach more consumers,” Horigan said in the e-blast. He added that it could result in a loss of thousands of free leads to agents.
A REBNY representative argued that the decision has nothing to do with agents and brokers. Several other industry leaders responded to Horigan’s e-blast with backlash.
Stephen Kliegerman, president of Brown Harris Stevens New Development Marketing, called Horigan’s remarks “outrageous.”
“Why would it not be reasonable for the RLS to charge fees to companies that profit from the data supplied by the RLS?” Kliegerman wrote in an email to Horigan seen by The Real Deal. “Attacking the RLS like this when your company profits from the information supplied by our industry is beyond appalling.”
In response, Horigan said, “As agents know, we are 100 percent free to post and all leads go to agents for free.”
REBNY to Charge Consumer Sites for RLS Feed
The Real Estate Board of New York is charging $3,000 annually, or $250 per month for consumer sites to syndicate its Residential Listing Service.
therealdeal.com
REBNY to charge consumer sites for RLS feed
The trade organization previously offered the service for free
The Real Estate Board of New York will now charge consumer-facing portals $3,000 a year, or $250 a month, for its syndicated listing feed.The change comes after the trade organization began offering syndication — sending listings out to brokerages and consumer websites — at no cost in 2017.
So why now? REBNY needed to offset the building and maintenance costs to run the Residential Listing Service and address the thousands of inquiries that the platform receives, a representative said. The organization declined to specify how much it spends on these costs each year.
The move comes as REBNY attempts to build out a consumer-facing side of its RLS. The group struck a deal with residential technology platform Homesnap to launch this year, as The Real Deal previously reported. The trade organization has also been working to clean up data on the platform, and last year implemented fines for inaccurate information or listings that violate discrimination laws.
REBNY declined to comment on the Homesnap deal.
Like other MLSs across the country, the RLS chose to have vendors pay a nominal fee as it spends more to “improve our data quality and transmissions standards,” said Clelia Peters, RLS co-chair and president of Warburg Realty.
REBNY has more than 37,000 active listings and brokers have the option to place their listings with 14 portals through the RLS Direct Network or 80 websites through ListHub.
Sites like Apartments.com, Realtor.com and other portals can expect to begin paying the fees sometime this year. Most of the responses have been positive, the REBNY representative said.
A representative for Realtor.com said in a statement that the company will continue to work with industry members, citing an understanding of the challenges that come with data feeds and distribution when operating an MLS.
But not everyone is on board.
Phil Horigan, founder of Leasebreak, a New York-based short-term rental marketplace, sent an e-blast Thursday condemning the fee. He called it “destructive” and argued that smaller websites might think twice before deciding to use the RLS integration system.
“This decision could stifle innovation and lessen the competition to reach more consumers,” Horigan said in the e-blast. He added that it could result in a loss of thousands of free leads to agents.
A REBNY representative argued that the decision has nothing to do with agents and brokers. Several other industry leaders responded to Horigan’s e-blast with backlash.
Stephen Kliegerman, president of Brown Harris Stevens New Development Marketing, called Horigan’s remarks “outrageous.”
“Why would it not be reasonable for the RLS to charge fees to companies that profit from the data supplied by the RLS?” Kliegerman wrote in an email to Horigan seen by The Real Deal. “Attacking the RLS like this when your company profits from the information supplied by our industry is beyond appalling.”
In response, Horigan said, “As agents know, we are 100 percent free to post and all leads go to agents for free.”
yea, the portal used to be free and no there is a charge. I guess the timing is due to the rebny homesnap portal coming soon? Honestly, we likely will shut down our portal version of the data on UD as we focus on agent based tools
REBNY taps CoreLogic’s Trestle to manage RLS feed transmissions
The announcement comes weeks after REBNY announced it would charge consumer portals $3,000 annually
The Real Estate Board of New York selected CoreLogic’s Trestle as its data syndication management tool to send its syndicated feed of home listing feed data to approved vendors and Residential Listing Service members, it announced Thursday.
All RLS vendors and members with a direct feed from the RLS will be required to migrate to the new syndication tool starting July 6.
REBNY declined to provide details about how the selection process worked or why it chose CoreLogic for the job. It also declined to comment about how much the partnership would cost.
REBNY Partners With CoreLogic for RLS Data Feed
CoreLogic’s Trestle is REBNY’s new data syndication management system. It’ll be used to transport its RLS data feed to approved vendors and RLS members on the backend.
therealdeal.com