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WHO Is The Authority on Listing Syndication?

Reblogger Gita Bantwal
Real Estate Agent with RE/MAX Centre Realtors

This is a great post by Missy. I had a similar experience with Trulia where my listing showed the wrong price. The price was reduced but I could not change it because it was syndicated from another site where I could not make changes. It took me a few days to make the changes and the seller was upset.

Original content by Missy Caulk

Sara Bonet, from Zillow wrote a post today where she asked for our imput as Realtors on inaccurate data on Zillow.

Which has authority? I had a lenghy answer and thought it would be good to post it here.

First let me say, I have no issues with Zillow. They are one arsenal or portal that a home buyer might use to find their new home and land on your listing.

Here is my response to Sara's question:

Sara, there is nothing more frustrating for a consumer to ask about a listing, then we go to our MLS and find it is sold, expired, withdrawn. This applies to all the national companies not just Zillow.

I work it for my good, I tell them the data is NOT accurate there, and it is best to let me set up a search for them and they will only be sent accurate Active listings, or they can sign up for my IDX search and it also pulls from the MLS nightly. 99% are happy to do this.

Then you get a call that someone wants information on another house, or they send a MLS number they found on Zillow or Trulia. Once again we go to the MLS, and it is sold, expired or withdrawn.

"hey we told you to stop wasting your time there, there is too much inaccurate data."

Your feeds from the MLS will be the most accurate, as I have found most Realtors don't monitor their data anywhere out there, some even in the MLS.       Ex..."showings start June 1st, and it is Sept in the MLS."

So you are not going to be able to change Human Behavior ie...agents monitoring their listings.

Who is the authority site for listing syndication? Here is a question I asked Jeff Turner years ago.

How do sites know which is the authority site? Let's say I list a home, it goes in the Ann Arbor Area MLS, then I do a Vflyer, then I do a RealEstateShow, then it goes in Point2Agent, then it goes into KW which feeds to listhub.

All of these sites give us the syndication feature.

So who is the authority site in terms of sites like Zillow, Trulia,Vflyer et all...????

In my mind the MLS is the authority and should be the authority for a company like Zillow or Trulia, if it is gone from there, then it should be gone from all the syndicated sites.

It is the consumers we are trying to please, right?

They want accurate data.

Since it is not always right, then I take advantage of it by having them search my site or I set up a Saved Search in my MLS for them.

I don't not like Zillow or Trulia, heck you never know where a buyer (which portal) they are going to find my listing on. So I have no issues with Zillow or Trulia.

I applaud you for trying to find a solution, but the solution is to get Brokers to get you their MLS feed like Remax did.

Does anyone know who decides which of your sites will get the listing out on Zillow or Trulia?

Is it Point2, VFlyer, your Brokers site, I would still like to know....

Posted by

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

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Marcia Kramarz
Re/Max Executive Realty - Medway, MA
CDPE,LMC,CBR

This is rediculous - It's because of a poor initial design - We should have one MLS site like there's one Realtor.com site and MLS s/be the authority - It's the rediculous culture of hundreds (thousands?) of mls systems out there that makes it nearly impossible for sites to connect to the authority -

Sep 18, 2010 12:32 AM
Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

I think the more important problem with Zillow is the zestimates.  They often use comparables that are in totally different communities.  In our area, sometimes they use a house in a gated community on 1 acre compared to a home in a non-gated community on 1/4 acre.  

Sep 18, 2010 12:39 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

My website host syndicates my listings to other sites and I have the option of opting out of the ones that are not "mining" my listing data routinely to snatch any listing changes.....when they migrate BEYOND my control, I don't like it and when prospects call on old/rented or stale listings, I ask where they saw the listing and attempt to correct the information.

Sep 18, 2010 12:41 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Excellent re-blog Gita.  I missed it the first time...bookmarking it now.

Sep 18, 2010 12:51 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

I agree with Anita...great reblog and  wealth of info!  Enjoy your weekend too!

Sep 18, 2010 03:45 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Marcia, It would be great if these sites were linked to our mls so they would be updated automatically.

Dawn, I wonder why sellers do not price the home according to zestimates and why buyers make offers based on zestimates.I lost a deal for $10,000 last year because the buyer would not agree to my suggested comps and was firm and so was the seller who later took it off the market.

Wallace, I get calls from listings that sold a year ago.

Anita, Thank you. This is a great post by Missy.

Krsitin, Thank you.You too.

Sep 18, 2010 10:22 AM