Austin MLS accuses CoreLogic of selling its data to appraisers group

Austin Board of Realtors says "actions will be taken" to ensure accountability

TRD NATIONAL /
May.May 06, 2019 05:00 PM
(Credit: iStock)

(Credit: iStock) 

The Austin Board of Realtors is accusing CoreLogic of selling home-sold data to a local appraisal organization.

CoreLogic, a vendor of ABOR’s multiple listing service, is accused of selling the information to Travis Central Appraisal District, Inman reported. Both CoreLogic, a financial services and analytics firm, and TCAD didn’t respond to Inman’s requests for comment.

In a statement, ABOR said the group is exploring options to address the situation and ensure TCAD cannot misuse MLS data.

“Actions will be taken to ensure full accountability from all parties enabling the unauthorized exploitation of MLS data,” the association said in a statement. “While we can’t comment on the details of an open investigation, we are working directly with attorneys to ensure this matter is resolved.”

ABOR has asked those who think MLS data is being used as evidence during the appraisal or appeal process in the county to contact the board, the report said. Texas’ “Residential Real Estate Listing Agreement Exclusive Right to Sell” allows the listing broker to report sale-price information with the MLS if the listing is to be filed with the MLS, but it does not authorize that information to be reported to any third party, according to the Texas Association of Realtors.

The company offers various MLS and real estate data products, including the digital MLS platform Matrix. It says its clientele includes the largest MLSs in North America, serving more than a million members, which use CoreLogic to deliver technology services and property information. [Inman]Meenal Vamburkar


Related Articles

arrow_forward_ios
Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

Masayoshi Son

Small Talk: Our foolproof plan to get SoftBank’s investments back on track

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

Warburg’s Clelia Peters (Credit: Getty Images, iStock)

Warburg’s Clelia Peters joins board of VC-backed brokerage

Igluu co-founder and CEO Martin Mucha (Credit: iStock, Linkedin)

New listing service aims to knock StreetEasy off its perch

arrow_forward_ios