WAV Group Report: Emerging Data Solutions in Real Estate

WAV Group is excited to contribute this report on Emerging Data Solutions in Real Estate. There is so much activity happening across the industry that it is hard to keep all of it straight. This report is written as an overview for real estate executives. There is a little bit of technical reporting to help understand some of the fine differences in some emerging data solutions that seem to be quite similar.

This paper aims to deepen the understanding of how broker listing and agent data is entered, stored, and transported. We cover the history of evolution from early data transportation using File Transfer Protocol (FTP), to the development of the Real Estate Transaction Standard (RETS) and now the emergence of Application Programming Interfaces (APIs). Each of these steps has allowed the real estate industry to leap forward in supporting the needs of our professionals and the consumers they serve. APIs are changing everything today because they allow software systems to share information and talk to each other in meaningful ways.

There are three classes of technology offerings that are lined up to deliver services to brokers and MLSs. From the brokerage class, we have Upstream. From the MLS vendor class, we have Trestle, Spark, and The Grid. From the technology vendor class, we have Bridge and ListHub. In a way, each of these data solutions have some partial overlap, but deep down they are driven by very different approaches to delivering significant improvements on how information is managed and used.

Many thanks go out to each of the vendors who took the time to review the insights produced in this paper. WAV Group founding consultant Victor Lund spent dozens of hours researching each solution and drafting an executive overview that clearly explains each emerging solution. Each company reviewed in this report edited their section. WAV Group was not compensated by any party for this effort. It is our contribution to the industry and not a sales pitch.

Download the paper HERE!

How This Paper Should Be Used

WAV Group recognizes that companies have a wide variety of strategies in how they manage their data. Without a clear understanding of the opportunities that exist in the marketplace and the inspiration behind them, it is hard to determine which company or companies could benefit your business. Please encourage your executive team and leadership to spend 45 minutes reading this paper to understand each of these solutions.

WAV Group is happy to get on a conference call to walk your team though this paper and answer any questions that you may have. Contact Victor Lund, Marilyn Wilson, or David Gumpper to schedule some time.

WAVes of Change subscribers will be getting an overview in our upcoming quarterly meeting. If you are not a subscriber to WAVes of Change, please inquire with [email protected]. Other firms may schedule a private overview for their executive team or board. Again, contact Camilla Harvey.

To view the original article, visit the WAV Group blog.