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