I just learned, through Pat and Wayne Harriman, that Redfin has taken down their controversial Scouting Report, saying that it was too inaccurate to stand the scrutiny, and that without accuracy, it tainted the entire program.
I have mixed feelings about it. The Scouting Report.... A scouting report of some kind is a great idea for the public. Something of it's type should exist... it would be a boon for consumers to check on an agent's production. Granted, it's a sword that cuts both directions, but this type of information, in my opinion, should be available for the consumer to peruse.
Redfin did a beautiful job on this bit of software (no surprise, their website is excellent - they are, after all, a technology company that also happens to dabble in real estate, as opposed to most of the rest of us who are real estate companies, who are feeling their way through the internet, sometimes blindly).
Redfin claimed that their drive behind the Scouting Report was not to pick up clients, it was to offer transparency to the public. A way for the buyer and seller to see what their potential agent is really up to. Personally, I think it's a dangerous way to pick an agent... merely by their volume... but it is a facet of the indicators that you can use, and it should be available.
But, and this is a large "but"... it should not be controlled by any agency. It should be under the auspices of a disinterested party. Perhaps NAR, or something on the local level... maybe the board, or your local MLS.
If Redfin is truly serious about their motive being "transparency", I challenge them to offer the technology behind Scouting Report to NAR, and help them put it together and make it work accurately.
I'm sorry to see the demise of the Scouting Report, but not unhappy to see it off the Redfin site. In their note to the public and their own staffers, Redfin suggests that the "haters" will be dancing in the streets since the Scouting Report is now down. Not true... (okay, full disclosure, maybe a little toe-tapping)... I'm not rejoicing, neither am I unhappy that it's no longer being produced by a competitor.