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Articles

Is IDX Under Fire and Are VOWs Rising from the Ashes?
The real estate socials have been buzzing the last week or so about Howard Hanna's recent decision to opt-out of IDX and switch to only using VOW feeds to distribute their listings and power their website, HowardHannah.com. Greg Robertson posted about it on Vendor Alley and then hosted a Twitter Spaces on the topic, and Victor Lund published a post on the WAV Group blog, as well. My view is that, in the end, this likely is much ado about nothing, because sites will still be able to show the Howard Hannah listings via the VOW feed. Yes, VOWs require users to create an account and be logged-in to see them, but sites like Redfin.com have proven long ago that there are effective ways to implement a combination of IDX and VOW experiences on a website. I think much of the uproar is that lots of sites rely on IDX only, including possibly some of the national portals, and so, for now, the listings are not showing at all on those sites. For example, at the time of me writing this post, 3301 E Derbyshire is an active listing on HowardHannah.com: However, that same listing shows as "off market" on Homes.com, indicating that Homes.com has not yet implemented VOW feeds (you can see I'm logged in as "MW" below): And Redfin.com, which is a combo IDX/VOW site, shows the listing and indicates that users need to log in to see it: One of the portal sites that has drawn the most attention in this case is Zillow, which also uses IDX (at least), but is still showing this listing even though HowardHannah is opted out of IDX: In announcing the switch to VOW, Howard Hannah specifically mentioned that they'd still be sending listings to Zillow, so some folks on Twitter have speculated that perhaps Zillow is still showing the listing because they have a direct feed from Howard Hannah, whereas other sites do not. However, as you can see in the above image, Zillow is saying the listing is coming from the MLSNOW data feed, and so I'm guessing this is just a case where Zillow may not have implemented the IDX opt-out requirement properly, or, if they're using both IDX and VOW feeds from MLSNOW, they're not following the VOW rules to require login for such listings as Redfin.com does. In the end, though, all of this certainly points out the complexity of IDX and VOW implementations. Sites like Redfin.com show that a combo approach can be implemented well. I'm sure sites like Zillow and Homes will follow suit, as will lots of IDX vendors providing sites to brokers and agents, such that this debate about IDX and VOW will once again fade into the background. A potentially related article was posted in Swanepoel's Real Estate News site about eXp, indicating they've been in discussions with CoStar about a partnership with Homes.com. The article later refers to "two or three other exclusive partnerships," indicating that perhaps the discussions with Homes.com were for an "exclusive" partnership as well. This might be a stretch, but for an "exclusive" to be possible, wouldn't eXp need to opt out of IDX to prevent those listings from showing on other IDX-powered portals like Zillow? Of course, as discussed above, even opting out of IDX wouldn't prevent sites from showing the listings using a VOW feed as Redfin does, so it seems unlikely the negotiations are for an "exclusive" deal unless eXp was intending to opt out of MLSs entirely, which really would be news. Regarding the question above about whether MLS policy allows a broker Participant to opt out of IDX and send their listings to a designated portal, I chime in to the Twitter thread at one point to mention that the right for broker Participants to send their own listings wherever they want appears to be covered by the mandatory NAR policy Section 18 Right of Participant to MLS Data Feed of Listing Content (Policy Statement 8.3), which says: I also mention in the thread that FBS's Spark Platform provides cost-free feeds to brokers of their own listings (though the MLS may still have a fee) and that includes contacts, saved searches, favorites, and other customer portal data in addition to listings. So, yes, brokers in MLSs using the Spark Platform certainly have the right and capability to send direct feeds of their own listings wherever they want. Is that better than IDX or VOW? I don't think so, but I think providing options to increase competition and experimentation on different models is important, and that's what the Spark Platform has always been all about. Sites can implement direct feeds, IDX sites, VOW sites, and combination IDX/VOW sites using the Spark Platform, which makes it possible to automate compliance with opt-outs and disparate MLS IDX and VOW policies. Let me close by referencing a Listing Bits podcast discussion I had a few weeks ago with Greg Robertson, Greg Fischer, and Andy Woolley from Homes.com/CoStar regarding Homes.com's switch from direct feeds to IDX. In that discussion, I recommended that MLSs create new licensing options for portals so they don't feel forced to use IDX or even VOW feeds when those really aren't a perfect fit to their use case. Even where companies like Zillow or CoStar become broker Participants and are entitled to IDX and VOW feeds, if the above discussion shows anything, it's that complying with all these varied rules is a lot of work (hopefully lessened by the Spark Platform) and MLSs could create more consistency and options for both brokers and portals at the same time by rethinking the licensing of feeds to portals. Along these lines, there's been quite a bit of discussion and even draft proposals to combine IDX and VOW policies into one and perhaps such an effort could differentiate the case for how national high-traffic portals (even those provided by broker Participants) are licensed the MLS data. Until there's a clear policy that differentiates these use cases, we'll likely continue to see independent decisions by broker Participants to opt-out of IDX and thereby creating an inconsistent experience for consumers and broker Participants alike. This is as good a time as any to dig in and differentiate and simplify these different use cases to create a more certain listing distribution platform for everyone. To view the original article, visit the FBS blog.
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Howard Hanna Opts Out of IDX and Tests VOW
Howard Hanna is the largest privately held real estate company in America, closing 113,853 transactions in 2022 – resulting in more than $36 billion in closed sale volume – ranking the firm No. 5 in the nation among all brokerages. HowardHanna.com is also among the most visited websites among all brokerages in America. Also, in the 13-state footprint of the firm, they experience consumer visits that compete head-to-head with many of the top national portals, often exceeding Redfin, Homes.com, and others in core markets. In northern Ohio, the firm has opted out of the IDX program in MLS Now. When consumers search the site HowardHanna.com in those markets on their broker website, they only see Howard Hanna listings unless they are logged in and assigned to a Howard Hanna agent. Users that are logged in see all MLS listings. That is how a VOW website works. VOW pumps up registrations and highlights company listings As you might imagine, consumers do not really understand IDX vs. VOW websites. Howard Hanna has turned this into a lead generation tool. I did a search for Rocky River, Ohio as an unregistered user and the following interstitial appears: "...Our company has 63 listings that match your search criteria out of 105 listings on the market. To view more, click here." Clicking takes the consumer to a registration page. In deploying a VOW, Howard Hanna is also promoting their listings in the market front-and-center. Many visitors to broker websites are drawn there from a yard sign or the firm's reputation. Placing their inventory first makes a lot of sense, especially when you have more than 60% of the listings in a community. For visitors looking for a Howard Hanna listing, they are more easily accessed without sorting through hundreds of listings of other firms. For buyers who want to see all homes that match their search criteria, they create an account. Howard Hanna agent websites were also converted to VOW. They operate just like HowardHanna.com, displaying company listings to unregistered users and all MLS listings to VOW consumers. Howard Hanna continues to advertise listings on Zillow.com One element of the Howard Hanna strategy is the company's commitment to advertising listings on Zillow.com. Although Zillow is a participating broker of MLS Now, the company is also an advertising platform for real estate listings. Howard Hanna maintains an advertising relationship with Zillow, local newspapers, real estate magazines, and other popular real estate advertising firms to widely market listings for sale. Worth noting, Redfin.com is also a VOW real estate website. When Redfin refreshed their feed from MLS Now, the Howard Hanna listings were not displayed unless users register to the website. Howard Hanna listings are in the MLS This should almost go without saying, but Howard Hanna listings are in MLS Now. All agents working with homebuyers can use the CoreLogic OneHome client portal and set up listing alerts. None of the MLS tools or services for agents have been impacted by the selection not to participate in IDX. If you search a Howard Hanna listing by property address, it is interesting to note how many websites are out of compliance with the refresh rules of the MLS. There are numerous sites that have not taken down the listings to unregistered users. I doubt that this is intentional, but merely a result of poor IDX data handling systems. What should other brokers and agents do? All brokers and agents in the market have the option to upgrade their website to a VOW website. Today, HowardHanna.com has a competitive advantage. Given that Howard Hanna is the leading firm in the market, consumers will quickly realize that they are not seeing all the listings from IDX only sites. They are more likely to start using HowardHanna.com. It is important that agents set up searches for their clients in the MLS to view all listings. Brokers should also look into converting their websites to a VOW site. Want to learn more about VOW? WAV Group wrote a series of articles about VOW websites: What Is a VOW and How Can It Help You Grow Your Business? How to Use Your VOW Website for New Customer Acquisition How to Use Your VOW Website to Communicate with Buyers Sell Homes Quickly with a VOW Website How to Use Your VOW Website to Retain Clients for Life In closing, it is exciting to see innovative brokers like Howard Hanna testing strategies to drive more opportunities to their real estate agents. Here are a few other link examples to tests and innovations that we have covered by Howard Hanna: Howard Hanna Syndication Announcement 'Coming Soon' Programs from Compass and Howard Hanna: Find Out How HH Sold 55 Homes in One Month with Find It First Hanna Financial Driving Real Estate Transactions with Buy Before You Sell Program In review of our posts mentioning Howard Hanna, we actually foreshadowed this strategy back in 2012. To view the original article, visit the WAV Group blog.
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Display Listing Broker Attribution at All Times
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Markt Position on Attribution in IDX and VOW
Markt has been made aware of a potential revision to the currently proposed amendments to Policy Statement 7.58 that would change broker attribution to agent attribution in IDX and VOW. Markt opposes revisions to national policy that expand the privileges granted to MLS participants to their affiliated subscribers. Markt submits the following for consideration by the industry. As an organization of multiple MLSs representing our local markets and the value of the multiple listing service, we believe that additional research and understanding of the proposed amendments is necessary before any action is taken. A statement of the problem, solutions, and prevalence has not been provided and there is little awareness that a change has been proposed. Agent Attribution Undermines the Intent of IDX According to NAR, "Internet Data Exchange (IDX), also referred to as 'Broker Reciprocity,' is the next stage in the evolution of MLS as the primary means of enhancing cooperation between REALTORS® to facilitate the purchase and sale of real property." Reciprocity is created by and between MLS participants, not their affiliated subscribers. While advancements in technology and consumer choice must continue, erasing the competitive opportunity of broker firms by national mandate does not move our industry forward nor improve consumer experience. Since the inception of IDX, cooperating brokers have allowed their listings to be displayed by their competitors with the knowledge that they could compete and generate leads with their own sites. After many have invested significant time and expense in their IDX technology as a lead generation and firm differentiator, requiring agent contact information to be listed stifles competition and innovation in broker sites. Listing Ownership and Advertising Rights Belong to the Participant Beyond lead generation and business concerns is the interest of the consumer. Listing agent contact information does not provide further transparency to the consumer as the listing agent is not the owner of the listing. The requirements of each state and their license laws regarding advertising vary but recognize that advertising and promotion of listings is a function of the listing firm. Consumer transparency is best served by directing consumers to the owner of the listing, the brokerage, to manage inquiries as they see fit within the bounds of their existing legal and ethical duties. Requiring Listing Agent Contact in IDX Display Circumvents the MLS Participant Relationship IDX is a Participant-to-Participant agreement that extends permissions for the display of another broker's listings. Further expanding this agreement to listing agents fundamentally changes the meaning of MLS participation. Listing agents, as subscribers, receive their access and privileges within the MLS system under their broker, the participant. If national policy were to mandate display and contact information of subscribers, it would interfere with the independent business decisions of the participant in the management of their intellectual property. Recommendations Markt recommends that this proposal does not advance without further research and understanding to identify what this policy recommendation is trying to accomplish in order to understand the best approach. We are strongly opposed to any modifications to IDX policy that include agent attribution and contact. Markt is a multi-MLS service organization focused on pooling resources and expertise to serve brokers/agents better wherever they may be. Serving ARMLS, Metro MLS, realMLS and other MLSs, Markt supports noncontiguous markets with customer support, marketing, technical resources and services of their choosing.
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Products

Custom IDX/MLS Solutions by Real Estate Webmasters

Real Estate Webmasters provides custom IDX/MLS solutions for real estate professionals.  Local real estate boards publish property listings in a stream (a feed) that can be directed onto an agent or broker website with "IDX" technology. IDX feeds allow online visitors to search for their new house without leaving an agent or broker’s website. This gives real estate professionals the opportunity to get leads to register in their system in exchange for access to convenient, searchable property listings. Real Estate Webmasters’ CORE install is a fully functioning IDX platform (out of the box).  Features include: Google mapping, CRM / Analytics, drip email functionality and more. Real estate professionals have the option to pay to customize the search design and functionality. Real Estate Webmasters’ custom IDX solutions are integrated into real estate website content, rather than hosted in another location and iframed onto your site (as some IDX vendors provide). Real Estate Webmasters integrates the property listings and search results pages to become part of the overall website and attract a lot of relevant search engine traffic. With a custom, integrated IDX feed, real estate professionals have the ability to put "IDX snippets" onto pages, to show lists of properties, such as foreclosures on a foreclosures page, or properties over $1M on a luxury page, or Smithville properties on the Smithville neighborhood page. Real Estate Webmasters is an approved IDX provider to almost 100 real estate boards.
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Virtual Office Websites (VOW) by SEI Systems

SEI Systems offer Virtual Office Websites (VOW). VOW is an exciting new way to offer the most listing data possible through an office or agent website. Through a VOW, website visitors must create an account and agree to certain terms and conditions in order to access VOW listing information. The listing data will display all listing data/information about a particular property with the exception of confidential fields. By providing such an array of information per listing the brokerage/agent can offer the highest level of online services currently allowed by law. Give your online visitors the information they desire by providing VOW on your NAVICA Web Solution.
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Virtual Office MLS Toolkit by Hillside Software

Hillside Software’s Virtual Office MLS Toolkit provides a combination of several of their top organizational software solutions to help make managing MLS data easier for agents and brokers.  This association management solution includes other Hillside applications such as Auto Email Alerts, EasyCMA, and Personal Market Wizard. Virtual Office MLS Toolkit integrates fully with Hillside’s HomeCards powered IDX Lead Management Website. Virtual Office MLS Toolkit allows agents and brokers to choose a common theme (branding) presenting your members with a consistent look and feel for all on-line and off-line marketing. Hillside designed this software to provide a "one stop shop" for training, SEO and customer support needs. Virtual Office MLS Toolkit Version 9 offers the following features: Newly revised reports and Hillside’s EasyCMA; Map Search with results that give turn by turn directions and even show lowest price gas stations along the user’s route; 'Keep in Touch' with past and current clients using Hillside’s Email Market Wizard; Prepare Market Trends and Charts; Links to Community & School Demographics; Price the property right with Hillside’s Financial Price Analysis. A free trial of this software is available.
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Real Estate Webmasters Broker Websites

Real Estate Webmasters develops websites specifically to meet brokerage and office needs. Real Estate Webmasters’ goal of creating a broker website is to showcase inventory and make a great first impression Broker website features include: Agent roster module– Shows off team members' photos, bios and listings (dynamically) Agent websites– Give agents their own sub-domains of the parent site so they can benefit from the broker’s authority Lead distribution & monitoring– Assign leads to agents manually, or setup a "round robin" system, or something more customized according to the broker’s leads' requirements. A broker can also check on their agents' follow-up and create email campaigns or other documents to share amongst the team. As a brokerage, the broker can leverage the volume of agents for access to different models of pricing.
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Industry News

LeadingRE Selects TRIBUS as Preferred Provider
CHICAGO – (May 8, 2018) – Leading Real Estate Companies of the World® announced today that it has selected TRIBUS for its Solutions Group program, which identifies preferred business resources for its global community of more than 565 market-leading real estate firms. TRIBUS provides brokerages with custom platforms offering a full suite of tools, including websites, IDX/VOW, CRM, email marketing and transaction management. Products are designed to help brokers meaningfully engage their clients, staff and sales associates. "We are pleased to welcome TRIBUS to the Solutions Group program. The emphasis they place on connecting with clients to fully understand their needs makes them well-equipped to develop custom solutions that add significant value," said Robin LaSure, LeadingRE vice president, corporate marketing. "And, because their entire leadership team has former real estate experience, they combine first-hand knowledge with technical innovation." "TRIBUS is proud to become a preferred provider through LeadingRE's Solutions Group program. We've worked with LeadingRE members in the past and found them to be among the most innovative and forward-thinking brokerages in their markets. Through this relationship, we will be able to serve more of their member firms to help them best engage their agents, clients and staff," said TRIBUS Vice President of Business Development Jeff Harris. Learn more about TRIBUS at www.tribusgroup.com. Learn more about Leading Real Estate Companies of the World® at www.LeadingRE.com.
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New Study on Web Scraping of Real Estate Websites Shows Serious Cause for Concern
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Listingbook Unveils Custom Offering for Its Top Agents
Greensboro, N.C. – July 29, 2015 – Top real estate agents know the power of personal brand promotion and the value of keeping brand consistency throughout all of their marketing material. That's why Listingbook LLC today announced a new offering for its Listingbook customers: My Listingbook, which will give agents the ability to personally brand Listingbook for them and their clients. "Now that agents can include their personal photo, name and custom colors throughout the site with My Listingbook, they are able to provide a seamless brand experience for their buyers and sellers," says Randall Kaplan, CEO of Listingbook, the real estate industry's proven lead nurturing and client servicing platform that allows consumers to "search like an agent." The psychology of color is powerful, researchers say, as 84.7% of consumers cite color as a primary reason they buy a particular product, and 80% believe color increases brand recognition, reports Fast Company magazine. This is why Kaplan believes that agents will especially value being able to choose custom colors to brand their Listingbook site, and even match Listingbook to their own private websites. Kaplan notes that the agent's brand value is also increased with the improved client experience created by My Listingbook, as the client associates the advanced technology experience and benefits that Listingbook delivers with the individual agent. "Our research shows that customer loyalty and customer satisfaction improves significantly when home buyers or sellers engage with an agent through Listingbook," adds Kaplan. "With My Listingbook, when clients move from the agent's website to their Listingbook home page, the look and feel of their home site remains so that Listingbook feels like it's part of the agent's private environment." "We have priced My Listingbook to encourage personalization for only $9.95 a month with a Listingbook Pro subscription." Recently, Listingbook announced the deployment of its new Listingbook system in markets that reach over 500,000 real estate agents nationally, which brings dozens of new features and innovations, including a new robust agent-branded mobile app, allowing clients to connect and collaborate with their agents no matter where they are, new embedded social share features, as well as a breadth of data sources that provide detailed local information. How Listingbook Works When buyers and sellers receive an account from a Listingbook agent, they are able to "search like an agent," getting access to the most current and complete data, directly from the MLS. Listingbook is augmented with a breadth of additional data resources, including community, school and public records information, such as current tax data. Listingbook also allows agents and clients to collaborate online, adding the benefits of the agent's expertise to the online data. Agents can share new information on a listing with buyers, or provide a personally branded digital CMA (Comparative Market Analysis) report to sellers. Everything is stored all in one place and accessible online 24/7. Listingbook Agents also have the ability to see the actual properties that their clients are viewing in real time. It's patented Client Management System (CMS) helps keep busy agents organized and informed. About Listingbook Listingbook LLC is the real estate industry's proven lead nurturing and client servicing platform that allows consumers to "search like an agent." Over 180,000 real estate agents have a Listingbook account. Because buyers and sellers register for Listingbook, their agent gives them access to the most current, accurate and complete data, directly from the MLS. Listingbook also provides consumers additional data resources, including community, school and public records information. Agents can instantly collaborate online with their clients and view their clients' search activities. For more information about Listingbook, based in Greensboro, NC, call 336-722-3456, go to http://www.Listingbook.com or Facebook.
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Listingbook Delivers a "Better than Zillow" Platform to 500,000 Agents
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Companies

realtor.com®
Realtor.com® pioneered the world of digital real estate 20 years ago, and today through its website and mobile apps is a trusted source for the information, tools and professional expertise that help people move confidently through every step of their home journey. Using proprietary data science and machine learning technology, realtor.com® pairs buyers and sellers with local agents in their market, helping take the guesswork out of buying and selling a home. Find property info from the most comprehensive source of home data online at realtor.com.
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Webinars

Video: Mobile. Local. Social.
On Tuesday, we sat down for a chat with Florida broker Richard Eimers to discuss the experience of the modern home buyer. We talked about consumer search behavior, the value of Internet leads to new agents versus seasoned agents, and the tools and resources that can make the buying process easier. If you missed our webinar, you can catch up by watching the video recording below. Readers crunched for time can skip to our notes on the next page.
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What Serious Buyers Want: Local Market Knowledge
Did you miss the kick-off of our October webinar series on Tuesday? We teamed up with Florida broker Richard Eimers and VOW provider Quantum Leads to explore how giving customers what they want--more data--is the key to capturing more leads. While consumers may start their search on big portals like Zillow and Trulia, studies show that serious home buyers prefer sites run by local real estate professionals. Why? Because consumers that are ready to buy are looking for genuine knowledge of the local market that the portals' generic AVMs simply can't provide. Watch the webinar above to learn more about an easy way to give consumers the data they're looking for, or check out our notes on the next page. Prior to using Quantum Leads, Richard Eimers worked with three third-party IDX solutions. They were all fine, he told us during the webinar, despite his feeling that there was still something missing. "Really, the only question they were addressing was what's for sale. I found that the needs and the desires of the buyers as we spoke to them after they came into the office is that they wanted more information." And information is exactly what a website like Quantum Leads provides--info on active, pending, sold, and even expired listings. For any property, a Virtual Office Website can provide complete data, including when the seller came on the market, at what price, how many times they listed, and more. "That makes for a more intelligent buyer," Eimers said. "The buyer that comes into our office when with depth and wealth of information makes our jobs much better. Rather than showing them 20 properties, we're showing them six properties, and when they come in, they're ready to buy. When they're in and they've looked at those properties, they already have a sense of value. We don't have to sit there and re-educate them--they're educated. They know what the competing properties have sold for. So when we write an offer, we're not writing lowball offers, we're writing reasonable offers and we can negotiate these things. We can negotiate fast and easy. It is an unbelievable pleasure to work with knowledgeable buyers." VOWs can be useful to sellers, too. "We have found many times that sellers have been coming to these websites and they're becoming knowledgeable about, Oh, this is why my property didn't sell," Eimers explained. "We can talk to them more intelligently also. I think that education has been the most important part of it." The consumer facing side of Virtual Office Websites is only one half of the story, though. Quantum Leads offers brokers the ability to manage their leads and their agent all from one back-end solution. You can learn more in our product review, or watch the webinar for a live demo.. Next Steps Visit Quantum Leads' website to learn more Explore more VOW solutions in our Product Directory Read more articles about Virtual Office Websites Join us on Tuesday, October 15 to learn How to optimize your workflow with Cartavi, or find more free webinars
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Rewind! 3 Videos from our October Webinar Series
Did you miss our October webinar series? Never fear--we recorded them for you! Even better, we've made it easy to catch up. Check out the recordings of each webinar below. Make Your Business Explode with a Powerful Lead Generation Program October 8, 2013 Why do home buyers end up on third party portals like Zillow and Trulia, time and again. It's because even though the data on these websites is often inaccurate, they provide a more complete market picture than agent and broker sites do. So how can real estate professionals compete with third party portals? By giving consumers what they want--more data! We teamed up with Quantum Leads to teach our readers how to do just that. Watch the video below to learn how to attract potential new clients directly to your website, and keep them there. Say goodbye to paying for promotion on third party portals! Read our Product Review to learn more about Quantum Leads.
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What Serious Buyers Want: Local Market Knowledge
Did you miss the kick-off of our October webinar series on Tuesday? We teamed up with Florida broker Richard Eimers and VOW provider Quantum Leads to explore how giving customers what they want--more data--is the key to capturing more leads. While consumers may start their search on big portals like Zillow and Trulia, studies show that serious home buyers prefer sites run by local real estate professionals. Why? Because consumers that are ready to buy are looking for genuine knowledge of the local market that the portals' generic AVMs simply can't provide. Watch the webinar above to learn more about an easy way to give consumers the data they're looking for, or check out our notes on the next page.
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