Finally. Let the sun shine in.
It’s been talked about for some time, on and off-line.
– One place for Realtors and real estate professionals to search.
– All property information – and standardized data (RETS compliant)
– Offers of compensation may be offered, but will not be required.
– For Realtors, by Realtors (and therein the consumers).
The potential ramifications if this were to get implemented are far and wide.
In all honesty, I have been privileged to have been on this committee, and treasure the conversations I have had and knowledge and relationships I have gained.
Summarizing what we have done down into a three-page report is nearly impossible. There will certainly be questions; ask away.
Without further adieu – here’s the preliminary report (and in PDF format here)
Preliminary Report of the Gateway Presidential Advisory Group December 3, 2007
Vision of the Gateway: The Gateway is the preeminent source of real property information.
Defining principles and characteristics:
The Gateway provides access to a national database of real property information The Gateway gives real estate professionals the best access to real property information needed to serve their clients and customers. The scope of information is unprecedented. The Gateway is based on the collaborative efforts of REALTORS® and real estate industry partners, including MLSs. The Gateway drives development and implementation of data standards and definitions The Gateway’s collective purchasing power
benefits real estate professionals and MLSs. The Gateway expands the scope and content of information available to real estate professionals through MLSs. The Gateway is organic so it can evolve as industry needs change,
Services provided to real estate industry professionals
1.Current and historical data about all real property is immediately and easily available directly from the Gateway or through participants’ service provider of choice.
Properties available for purchase, lease or exchange will be “flagged” according to status (with the owner’s or principal’s consent). Properties listed with brokers are distinguished from unlisted properties on the market (“FSBOs”). The Gateway’s database will include information about all real property in the U.S. Ultimately the Gateway will provide information about real property worldwide. The Gateway facilitates multi-lingual access to real property information.
2.Information available to participants and subscribers is: comprehensive timely Read more