REAL ESTATE TECHNOLOGY

Bright MLS and California Regional MLS Partner to Change How Residential Real Estate Data is Collected and Distributed for Institutional Use

Bright MLS | July 15, 2022 | Read time : 03:12 min

Bright MLS
Bright MLS and California Regional MLS (CRMLS), the nation’s two largest Multiple Listing Services, announced today the launch of REdistribute, LLC, a joint venture that changes how MLS data is collected and distributed on behalf of the real estate industry for institutional use.

REdistribute will aggregate and distribute data on behalf of participating MLS organizations and brokerages, providing unbiased, up-to-date MLS data directly from the source to institutions involved with the housing industry, and puts brokers back in control of their data rights and data usage. Additionally, the revenue generated by REdistribute will be shared back with the brokers and MLS organizations who participate, ensuring that participants are compensated fairly – and at true market value – for the data they provide.

“The exchange of real estate data is currently a one-way street, Third parties are aggregating and providing MLS data to government entities and a host of other for-profit companies. What’s missing are the data rights, data management and fair market compensation provided back to the owners of the data – the brokers.”

Art Carter, CEO of CRMLS

“Today, we are rewriting the rules of engagement,” said Brian Donnellan, President & CEO of Bright MLS. “Now is the time for professional MLS organizations to invest in solutions that create additional value for brokers, while also delivering the most comprehensive, accurate and freshest data to critical participants in the housing industry. Mortgage lenders, government sponsored entities and others creating property valuations and insights and their constituents will benefit greatly from REdistribute.”

Bright and CRMLS began working collaboratively late last year on solutions that improve services for the brokerage community, including recent work on a showing services hub that supports more choice for brokers. REdistribute is the next step the two companies are taking together, and at launch aggregates the MLS data of Bright and CRMLS, with Beaches MLS in Florida also signing a letter of intent to join for the launch.

“Beaches MLS is excited to be the first ownership partner with Bright MLS and CRMLS on REdistribute to bring even more value to our brokers,” stated Dionna Hall, CEO of Beaches MLS.

In addition to distributing MLS data from the source, REdistribute will also deliver innovations that will allow licensees such as lenders, insurance companies and government-sponsored enterprises to gain real-time insights on a market-by-market basis.


About California Regional MLS
California Regional MLS is the nation's largest and most recognized subscriber-based MLS, dedicated to servicing more than 110,000 real estate professionals from 40 Associations, Boards, and MLS organizations. CRMLS provides accurate data through innovative technology solutions, empowering real estate professionals to cooperate and succeed.

About Bright MLS
Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation’s most prominent MLSs to transform what an MLS is and what it does, so real estate pros and the people they serve can thrive today and into our data-driven future through an open, clear and competitive housing market for all. Bright is proud to be the source of truth for comprehensive real estate data in the Mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia. Bright MLS’s innovative tool library—both created and curated—provides services and award-winning support to well over 100k real estate professionals, enabling their delivery on the promise of home to over half a million home buyers and sellers monthly. In 2021, Bright subscribers facilitated $141B in real estate transactions through the company’s platform.

Spotlight

Some Highlights: 85% of homes valued under $200,000 have equity, 94% of homes valued over $200,000 have equity, 10.2% of homes with a mortgage are currently underwater

Spotlight

Some Highlights: 85% of homes valued under $200,000 have equity, 94% of homes valued over $200,000 have equity, 10.2% of homes with a mortgage are currently underwater

Related News

AGENT, REAL ESTATE ADVICE

Anywhere℠ Named One of the Best Workplaces in Real Estate™ in 2022 by Great Place to Work®

Anywhere Real Estate Inc. | September 13, 2022

Anywhere Real Estate Inc., a global leader in residential real estate services (formerly known as Realogy Holdings Corp.), recently announced its inclusion on the 2022 Best Workplaces in Real Estate™ list presented by Great Place to Work®. "We're honored to once again be recognized for our investment in workplace culture, making Anywhere an environment that is collaborative, inclusive, and ripe with opportunities for growth, We owe this recognition to our employees, who share the common goal of empowering everyone's next move and consistently strive for excellence on behalf of our affiliated agents, franchise owners, and each other." -Tanya Reu-Narvaez, Chief People Officer, Anywhere The Best Workplaces in Real Estate award is in its first year and is based on analysis of survey responses from over 23,000 employees from Great Place to Work-Certified™ companies in the real estate industry. Anywhere has been a certified Great Place to Work four years in a row based entirely on employee feedback. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they had been a Great Place to Work-Certified™ organization. Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is. These companies have adapted to the challenges of an ever-changing workplace by their commitment to inclusive, high-trust cultures where employees are treated as human beings first and foremost, Congratulations to the Best Workplaces in Real Estate,says Michael C. Bush, CEO of Great Place to Work. As one of the largest full service residential real estate services companies in the U.S., Anywhere is dedicated to creating a culture of diversity, equity, and inclusion, and is a vocal advocate for equal opportunity and fair housing. In June, the company officially completed its corporate rebrand from Realogy to Anywhere, signifying a strategic emphasis on building a more frictionless and digitized home buying and selling experience for any consumer, anywhere. The transformation also represents the company's mission to further move its culture and talent strategy into the future – empowering employees' growth anywhere in their career journey. About Anywhere Real Estate Inc. Anywhere Real Estate Inc. is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, the Company supported approximately 1.5 million home transactions in 2021. The Company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, the Company fuels the productivity of its approximately 197,600 independent sales agents in the U.S. and approximately 140,600 independent sales agents in 119 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, the Company has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2021 Top Companies in the U.S., and honored on the Forbes list of World's Best Employers 2021. About the Best Workplaces in Real Estate™ Great Place to Work selected the Best Workplaces in Real Estate by gathering and analyzing confidential survey responses from over 23,000 employees from Great Place to Work-Certified™ companies in the real estate industry. Company rankings are derived from 60 employee experience questions within the Great Place to Work® Trust Index™ survey. Great Place to Work determines its lists using its proprietary For All™ methodology to evaluate and certify thousands of organizations in America's largest ongoing annual workforce study, based on over 1 million survey responses and data from companies representing more than 6.1 million employees, this year alone. About Great Place to Work® Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.

Read More

MARKET OUTLOOK, REAL ESTATE INVESTMENT

Eastdil Secured and Project Destined Launch Commercial Real Estate Bootcamp

Eastdil Secured | October 06, 2022

Eastdil Secured, L.L.C. (“Eastdil Secured”), the global real estate investment bank, and Project Destined, a leading social impact platform that provides training in financial literacy, entrepreneurship and real estate, have launched their fall commercial real estate bootcamp. The program stems from Eastdil Secured’s existing partnership with Project Destined, and consists of a five-week “bootcamp” training program, where 50 students across the U.S. will learn from more than two dozen Eastdil Secured professionals and mentors about key topics in the commercial real estate industry, including: Eastdil Secured’s History and Its Business Interviewing, Recruiting, and Professional Use of Social Media Year One as an Analyst at Eastdil Secured How to Pitch Yourself and a Deal Professional Networking This bootcamp will provide an unprecedented opportunity for Project Destined students to learn from leaders in commercial real estate investment banking, as well as earn both an ARGUS certification from Altus Group and a Financial Modeling Certification through Project Destined’s partnership with NYU Schack Institute of Real Estate and Columbia Graduate School of Real Estate. In addition to weekly bootcamp sessions, accepted fellows will receive scholarships to participate in Project Destined’s paid virtual internship and bootcamp activities, including visits to Eastdil Secured offices across the U.S. “At Eastdil Secured, creating opportunities across our industry for diverse candidates is a longstanding commitment. Our ongoing partnership with Project Destined has allowed us to deliver on that, while helping to develop the next generation of leaders in commercial real estate, Over the last year, we have watched the transformation of the students we have sponsored through Project Destined, and the training, access and experience this offers participants will serve them for years to come. We look forward to expanding our partnership with Project Destined with this bootcamp program and watching its alumni succeed – no matter where their careers take them.” -Roy March, CEO of Eastdil Secured As part of the bootcamp program, Eastdil Secured professionals and mentors will prepare, engage and guide students one-on-one to help them develop a range of fundamentals including financial, technical, presentation and leadership skills designed to aid their search for internships, certifications and full-time employment in the commercial real estate industry. We are excited to expand our partnership with Eastdil Secured and prepare this incredible group of students for a career in commercial real estate, The real estate industry provides unparalleled opportunities to build a great career while also impacting your community. The network, skills and access that this bootcamp provides will ensure that these students are ready to take on this opportunity,said Cedric Bobo, Co-Founder of Project Destined. Following the successful sponsorship of a New York-based Project Destined team in Summer 2021, Eastdil Secured helped Project Destined serve more students by sponsoring three teams for Spring 2022 in New York, Los Angeles and Atlanta. Eastdil Secured is also delighted to announce that two Project Destined program alumni will join the firm as full-time analysts in 2023, following internship program placements in New York and Santa Monica, California. Since its founding in 2016, Project Destined has worked with more than 3,500 participants in 35 cities across the U.S., Canada, the United Kingdom and Europe. Eastdil Secured’s partnership will support Project Destined and its mission to provide training in financial literacy, entrepreneurship and real estate to students from underserved communities. About Eastdil Secured As the most relevant and trusted advisor in the commercial real estate capital markets, Eastdil Secured creates value for clients through creative, actionable ideas and flawless execution. With an unrivaled combination of capital markets expertise and in-depth understanding of real estate fundamentals, Eastdil Secured delivers best-in-class advice on mergers and acquisitions, sales, joint ventures, debt placement, structured credit and loan sales to investors around the world. Headquartered in New York, Eastdil Secured has a broad global footprint to support clients with offices across the United States in Atlanta, Boston, Charlotte, Chicago, Dallas, Los Angeles, Miami, Orange County, San Francisco, Seattle, Silicon Valley and Washington, D.C., and internationally in Dubai, Dublin, Frankfurt, London, Milan, Paris, Hong Kong and Tokyo. About Project Destined Project Destined is a leading social impact platform that provides training in financial literacy, entrepreneurship, and real estate. Project Destined partners with corporations, schools, and non-profits to deliver training using its proprietary e-learning platform and love courses. Project Destined leverages a work-based learning approach where students work with executives to evaluate live deals in their community and present them in a pitch competition to industry leaders. Scholars emerge with the skills, confidence, experiences, and networks that prepare them to secure a strong first job and become stakeholders in their community.

Read More

REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

View Launches Partner Marketplace to Accelerate Digital Transformation of Real Estate

View | November 21, 2022

View, Inc. (Nasdaq: VIEW), a leader in smart building technologies, today announced the launch of the View Partner Marketplace, an app store now available to the customers of the company’s recently launched Smart Building Cloud, the industry’s first, complete cloud-native platform for smart buildings. The View Partner Marketplace enables View customers to deploy popular real estate applications, sensors, and software platforms with a single click, making it easier than ever for real estate owners and operators to quickly and securely digitize their real estate portfolios. The Smart Building Cloud provides real estate technology teams with all the software components required to connect, manage, and optimize a portfolio of smart buildings with strong cybersecurity protection and maximum flexibility. With the launch of the View Partner Marketplace, View is adding turnkey integrations with platforms and applications that make buildings healthier, more sustainable, more efficient, and easier to operate. The Marketplace now supports 15 applications and sensors with new partners being added monthly. A few recently added partners include: Mapped, a fully automated independent data layer platform that fast tracks the data integration and onboarding process down to a few hours, eliminating the need for manual integrations with vendor applications, and further accelerating project rollouts across portfolio; Nantum OS by Prescriptive Data, a building operating system that enables building owners to manage energy consumption and carbon emissions; Butlr Technologies, an anonymous people counting platform that includes best-in-class occupancy sensors addressing use cases served by View’s Building Performance and Workplace Experience applications; and Awair, an air quality monitoring platform with RESET accredited air quality sensors and long-range mesh network technology that helps enterprises cost-effectively measure indoor air quality. Kevin Cho, Co-founder and CEO of Awair, said: Partnering with View will help us further our mission to improve the health and wellness of workplaces. With our sensors as a preferred option for View’s Smart Building Cloud, we can decrease time to value for customers looking to measure and optimize indoor air quality. “We are delighted to be chosen by View to be integrated into Smart Building Cloud to enable their customers to drive operational and environmental use cases informed by occupancy and utilization data.” -Honghao Deng, Founder and CEO of Butlr Sonu Panda, CEO of Prescriptive Data, said: Partnering with View will help building owners accelerate towards ESG targets of improving energy efficiency and sustainability within their real estate portfolios. With Nantum OS running on View’s platform, customers will benefit from fast data processing at the edge and excellent cybersecurity. Shaun Cooley, Founder CEO, Mapped, said: We’re thrilled to partner with View and make building data more accessible, actionable, and secure. Mapped is committed to enabling property owners to own their data in a clean consistent format across their portfolio; this partnership will ensure customers deploying our solution also benefit from strong out-of-the-box cybersecurity protection and simplified network and data infrastructure. The View Smart Building Cloud can be deployed in both new and existing buildings, and in conjunction with or independently of View Smart Windows, View’s flagship product that uses artificial intelligence to optimize access to natural light and outdoor views while keeping occupants comfortable. Every View Smart Window installation comes with an extensible OT network, which supports a wide variety of smart building devices and applications and serves as the foundation for a complete smart building technology stack. About View View delivers optimal human experiences in buildings. We started by revolutionizing something that hadn’t changed for centuries the simple window and in so doing, built the only complete, modular, cloud-native platform to deliver on the promise of smart buildings. View Smart Glass and the Smart Building Cloud transform buildings into responsive environments that continuously adjust to meet human needs for natural light, connection to nature, fresh air, and comfortable temperatures while improving energy efficiency and increasing profits for building owners and their tenants. Today, View’s products deployed across offices, apartments, life science facilities, schools, hospitals, airports, and hotels. About Mapped Mapped is the Independent Data layer for commercial real estate. By automating the discovery, extraction, and normalization of data from building systems, sensors, devices, and vendor APIs, Mapped simplifies the integration process down to a single, standardized API. Mapped breaks enterprise data silos to empower building owners, operators, and service providers to unlock the value of their data and drive transformative business outcomes. About Prescriptive Data’s Nantum OS Nantum OS is an artificial intelligence and machine learning climate technology designed for commercial real estate operators and sustainability managers. Nantum OS allows real estate managers to visualize building HVAC systems, metering systems, people counting systems, IoT devices (air quality, lighting, shade, smart glass), distributed energy systems (battery storage, fuel cells, on-site generation equipment, solar), and third-party datasets in real time. Nantum OS uses real-time AI/ML algorithms to reduce building energy demand, suppress carbon emissions, and shrink utility costs. Each building on Nantum OS uses the least amount of energy and carbon emissions while delivering the maximum amount of health and comfort to occupied spaces. About Butlr Spun out of the MIT Media Lab in 2019 with offices in Silicon Valley and Boston, Butlr was founded by Forbes 30 Under 30 entrepreneurs Honghao Deng and Jiani Zeng with a mission to make the built environment people-aware. Butlr's People Sensing Platform anonymously infers human presence and activity via its thermal, wireless sensors to deliver rich spatial insights at a fraction of the cost and time of legacy alternatives. Since launch of its platform in late 2021, the company is already working with dozens of the largest occupiers, landlords and service providers in North America, Europe and Asia, in addition to partners in senior living and retail. About Awair Awair’s mission is to empower people worldwide to breathe safely wherever they spend time indoors. The company provides cutting edge technology that is easy to use and understand, as well as an intuitive software platform with actionable insights for IAQ improvement, enabling users to mitigate their indoor air for health and safety, be it at home, school, the workplace, or any other indoor space. The company is headquartered in San Francisco, CA and has a second office in Seoul, South Korea.

Read More