Industry Relations Whadup with dat PDAP?
Oct 9, 2024
The hosts delve into the complexities of MLS data ownership, revealing that opinions on who owns this data vary widely. They discuss the recent shift towards private MLS ownership and its significant implications. Community resilience is highlighted, especially in the wake of disasters affecting the South. Rob and Greg provide insights on brokers' rights regarding data access under the Participant Data Access Policy. This thought-provoking conversation raises crucial questions about transparency and the evolving landscape of real estate data.
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RE Colorado's Data Licensing Confusion
- The RE Colorado MLS merged various data feeds including PDAP under one licensing clause like IDX feeds, which caused confusion.
- This action challenges the traditional understanding that brokers own their listing data separately from the MLS compilation.
Brokers Must Verify Data Ownership
- Brokers should directly ask their MLS if they own their listing data and request a PDAP feed.
- If the MLS refuses or imposes restrictions, brokers need to have serious discussions or seek legal advice.
MLS Shoring Value Through Data
- The MLS value proposition shifted as compensation tracking declined after settlements.
- MLSs now aim to assert more control over data ownership to reinforce their value.