Jim, Real Estate Pro in San Francisco, CA

What is the Online Listing Standard for real estate agents?

Asked by Jim, San Francisco, CA Sun Jan 13, 2008

I am a real estate professional (in the process of starting up my own company) and I ve read today that Trulia, Zillow & co have adopted a common listing standard for real estate agents. In addition to addresses, price, square feet, what are the other information about home listings that are included ?

Thanks,
Jim

...
http://www.nwinnovation.com/story/0013094.html
Zillow, Other Real Estate Sites Agree On Listings Standard
Yahoo! Real Estate, Zillow.com, and Trulia.com said today that the three online real estate firms have adopted a new, standard data format for distributing real estate listings online. The firms said that the standard will allow real estate franchisors, brokers, multiple listings services and others to distribute their listings data to a number of web sits in a common format. In addition to Yahoo, Zillow, and Trulia, Homes.com, Homescape, Oodle, Point2 Technologies, RealEstate.com, Vast.com, and vFlyer have also adopted the standard, the firms said.

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Answers

4
Why don't you just go to one of the websites and pull the lisitng of a home and check there?
1 vote Thank Flag Link Sun Jan 13, 2008
I don't think it's so much as what is included as to what is NOT included. All the on-line folks would LOVE to be the MLS. We have legions hacking this whole concept of the MLS hoping to hit the holy grail which wil "liberate the consumer" from we masters of the MLS!! I have noticed the effect of the on-line psuedo-MLS's as my referrals have dropped off mightily.
Our CEO, Gary Keller, noting the lack of referrals to other KW agents, lamented our lack of getting our clients referred to another agent. He failed to see that many of the Sellers we now represent, due to the internet, have already developed a relationship in the future city of their new home. They most likely have already previewed their neighborhood, the schools, shopping, demographics and the like months before they decide to call their local realtor to sell their home. When we get to them and ask if they need a referral to the relocating city they shake their heads and say, "Nope--already have on thank you!"
I really belive this is one of the major revenue generating facets of our industry that had been shifted to the on-line industry.
0 votes Thank Flag Link Wed Apr 30, 2008
Thanks Dirk for your answer. To be more specific, what I would like to know is that in addition to addresses, price, square feet, what are the other information about home listings that are included ?

Obviously, there is information displayed on any website but I would be interested in having the "full picture", from a real estate agent perspective. There is a start of an answer in http://www.trulia.com/submit_listings/ , especially in the Feed guidelines (pdf) for XML submission.

What are the complete information about home listings included in the Online Listing Standard for real estate agents?
0 votes Thank Flag Link Mon Jan 14, 2008
What they are talking about is that they will all adopt the listings via a fee dthat fetaures the Language XML which will allow them all to share this data across their Website platforms.

Basically the Standards are determined by NAR and the Boards of realtors/mls. This tells websites what they have to show at a minimum on their sites. For agents and brokers this is going to mean getting the Data to one place and than it can be distributed to all of these players. It just got a lot easier for us and for them to play this game.

This is good if you believe that more data sharing is better. Each Broker will still have to approve the syndication and placement of the listing at each site but that is a business decision. Believe it or not many Brokers and Firms are against this as what this emans is that these sites can more easily seperate us fomr our consumers.

It is all about the buyer and who gets them to sign up or log on first. Trulia and Zillow are certainly offering a more content rich enviroment than most websites. So this can be a good or bad thing depending upon how you look at it.

regards;

Dirk T Knudsen
"The Real Estate Doctor"
Web Reference: http://www.nwhomecenter.com
0 votes Thank Flag Link Sun Jan 13, 2008
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