Realtor.com Loses New York Listings Over Data Licensing Concerns

August 3, 2022
Share this Post: 

The Newscorp-owned U.S. real estate portal Realtor.com is reportedly set to lose a number of key New York listings from its website due to a disagreement with the Real Estate Board of New York (REBNY).

Citing an email from Realtor.com, the New York-based real estate publication The Real Deal is reporting that due to a disagreement over data licensing, REBNY will no longer syndicate listings to the portal. A REBNY spokesperson told the publication that Realtor.com refused to sign a standard data licensing agreement which is required for portals displaying the association's listings.

REBNY has some 16,000 members consisting of agents and home builders as well as lawyers, architects and many others involved in the city's real estate value chain. The association syndicates its members' listings to several portals and is perhaps the closest equivalent to the MLS in New York where there has never been a comprehensive Multiple Listings Service.

It is not immediately clear just how many listings Realtor.com will lose from Monday. Many large real estate brokerages operating in New York such as Compass and Douglas Elliman have a direct listings syndication agreement with the portals and so will continue to list their New York properties on the country's number two portal despite the data disagreement.

The news that REBNY will no longer syndicate listings to Realtor.com comes at an interesting time in the development of the portal landscape in New York. New residential industry entrant CoStar announced that it was working alongside REBNY to build a new challenger portal in the city last October. The partnership had been an open secret for some time and last month the new Citysnap portal launched with REBNY member listings front and centre.

This is not the first time that REBNY has fallen out with a portal. Realtor.com first signed a listings syndication agreement with REBNY in 2017 at the height of tensions between REBNY and the Zillow-owned New York portal StreetEasy. StreetEasy has a history of falling out with New York agents. There was a significant disagreement with leading brokerage Douglas Elliman over the manual entry of listings on its system in 2020 and then industry-wide anger at the portal increasing prices last summer. 

August 3, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 1958725735
Spotahome Tells Staff That It Expects Another Round of Layoffs

Madrid-based on-demand rentals specialist Spotahome has announced it will go through another round of layoffs, weeks after firing two senior...

Read More
Homely And Ptg Skyline
Aussie Portal Homely Integrates with Proptech Group's VaultRE and Eagle CRMs

Australian challenger portal Homely.com.au says it will be easier than ever for agents to list in more places after announcing...

Read More
Jason Tebb Onthemarket Quote
Jason Tebb: "I dread to think where prices from the others would be if we hadn't been around" - OnTheMarket Boss Speaks Exclusively to OnlineMarketplaces.com

In an exclusive interview with Online Marketplaces, Jason Tebb admitted that OnTheMarket's mission was not to go after Rightmove... Since...

Read More
Urban.com .Au Image
CarSales Founder Steve Kloss Invests in Urban.com.au and Gets Board Seat

The Australian primary real estate marketplace company Urban.com.au has secured investment from CarSales.com.au founder Steve Kloss. Kloss joins the portal's...

Read More

Editor's Pick