Thursday, March 3, 2011

New Trulia quality-control system will mean more accurate listing info for homebuyers

Kudos to Trulia—the popular real estate search and technology site--for pro-actively addressing a problem that has frustrated homebuyers for some time now: Namely, discrepancies between real estate listings data from multiple listing services and the listings info found on third-party syndication sites.

If you don’t think it’s been a problem, take note that an analysis done by Trulia of more than 500,000 listings that found that nearly 10% had incorrect data for either price or status!

Trulia’s solution: Trulia Direct Reference.” How does it work? When Trulia receives accurate data on listing details such as list price and status, the system automatically reports any discrepancies back to the MLS, the listing broker and listing agent. The real estate agent can then visit the third-party sources and correct the information.

This sounds like a good thing to me for homebuyers and home sellers. all4now

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