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Very true, and not all of the data we pull in our practice will give you everything on a house. It’s up to the Technical admins that implement, but I am unsure
by Otternonsenz 5y ago
Very true, and not all of the data we pull in our practice will give you everything on a house. It’s up to the Technical admins that implement, but I am unsure of how much is just set up as they bought it or working with a team to implement certain features.
I understand the wont for not having a completely standardized system or federally administered system here in the states; But in my own experience in my state, it would make work a lot easier in outlying areas where an MLS is owned by one realty group that does not make it easy for outsiders to use, even though we do regular work in that area.
There certainly could be a push in the US to have a national standard to hold MLSs to, as most loans are federally backed or are set up in such a way to be sold in secondary markets that could be bought by government backed entities. There has also been talk among lenders and those in the risk management space of real estate for more normalized data, to make it easier for things to be portable or more ready to feed into an automated value model.