"Broker Public Portal (BPP) and Realtors Property Resource (RPR) have announced a new collaboration that will integrate RPR's Realtors Valuation Model into BPP's Cribio consumer home search experience for participating MLSs and associations. Under the agreement, MLSs and associations partnered with BPP may authorize the display of Realtors Valuation Model values on eligible off-market properties within their local Cribio-powered search experience."
"Leaders said rollout will remain optional and controlled at the MLS level through a permissions and authorization process involving the MLS, Broker Public Portal and RPR. RPR's Realtors Valuation Model uses MLS listing information, off-market MLS data and publicly recorded sales data to generate estimated home values. The valuation estimates will appear only on qualifying off-market properties in participating markets and will not replace MLS-sourced pricing on active listings, leaders added."
"Liz Gunski, vice president of industry relations at RPR, said the integration is designed to support both consumers and Realtors while maintaining local oversight. By making the RVM available within an industry-owned consumer experience, participating MLSs can give consumers more useful home value context while helping Realtors stay connected to the conversations that matter, she said."
"Broker Public Portal said the addition of valuation data strengthens Cribio's effort to provide a consumer-facing search platform built around MLS data and Fair Display Guidelines. Cribio was created to show that the real estate industry can deliver a modern consumer search experience without compromising trust, transparency, or local control, said Dan Troup, CEO of Broker Public Portal. Adding the RVM gives participating MLSs a way to provide meaningful home value context inside an experience built to inform, not interrupt or sell"
RPR and Broker Public Portal will collaborate to integrate the Realtors Valuation Model into the Cribio consumer home search experience for participating MLSs and associations. MLSs and associations that partner with BPP may authorize the display of valuation model values on eligible off-market properties within local Cribio-powered searches. The rollout remains optional and controlled at the MLS level through a permissions and authorization process involving the MLS, Broker Public Portal, and RPR. The valuation model uses MLS listing information, off-market MLS data, and publicly recorded sales data to generate estimated home values. Valuation estimates appear only on qualifying off-market properties and do not replace MLS-sourced pricing on active listings. The integration aims to provide consumers and Realtors with useful home value context while maintaining local oversight and trust.
Read at www.housingwire.com
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