All of those annoying inaccuracies that seem to be such a common occurrence on real estate listings sites may soon be a thing of the past, or at least, it could be if a Dallas-based non-for-profit group manages to get its way.
The National Association of Real Estate Professionals (NAREP) has proposed what it calls a “Syndication Bill of Rights” which aims to standardize real estate listings across major websites like Realtor.com, Trulia.com and Zillow.com, initially by ‘bypassing’ these sites altogether and posting listings to a new, national multiple listing service.
Real estate agent Ben Caballero, founder of NAREP, told Inman News that he was motivated to come up with the idea by his growing frustration with the numerous inaccuracies and often misleading price estimates published on some databases.
In order to drum up support for his idea, Caballero attended last week’s Real Estate New York City forum, meeting with agents from around the country to refine his vision of a “Syndication Bill of Rights”.
A copy of his draft proposal can be downloaded here, but the main points Caballero is calling for are as follows:
1. The right to listing attribution and a direct link to the listing owner’s website.
2. The right to bar brokers and agents from advertising on a listing they do not own.
3. The right to comprehensive reporting with audit capabilities.
4. The right to prohibit unauthorized use of listing data.
5. The right to ensure the publisher implements anti-screen scraping mechanisms.
6. The right to unbiased and comprehensive data display of all listings.
7. The right to accuracy.
8. The right to prohibit of automated property valuations.
9. The right to ensure ratings, titles, and superlative designations are based on accurate and objective criteria.
Caballero says that his initial draft bill of rights came about following discussions held during a National Association of Realtors meeting held in Orlando last year, and was partly based on a previous Real Estate Syndication Bill of Rights published in 2011 by Clareity Security.