Redfin shares surge more than 30% in $138.5M real estate tech IPO

Re:Redfin shares surge more than 30% in $138.5M real estate ... by digikata on Friday July 28, 2017 @01:41PM (#14876058)

They could have, but I don't think the vision was there. Some Realtor associations built sometime similar at realtor.com eventually (and fairly rapidly), but I think it only happened because RedFin led the way and is/was threatening to traditional realtor model.

Before that, even large realty firms had local offices each with individual databases, with possible multiple disjoint regional MLS databases. So I think in large part, the organization just wasn't there to merge it all into a single system.

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Re:Redfin shares surge more than 30% in $138.5M real estate ... by StillBored on Friday July 28, 2017 @05:40PM (#14877809)

Wow how short people's memories are.

e-reality (among others in ~2000) fought for the right to publish MLS listings on the internet (https://www.nar.realtor/legal-case-summaries/austin-board-of...). This continued generally in favor of the MLS boards until the DOJ won big. https://www.justice.gov/atr/case-document/final-judgment-142

Redfin, is one of the largest beneficiaries of the pile of defunct companies put out of business fighting the MLS organizations.

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Re:Redfin shares surge more than 30% in $138.5M real estate ... by digikata on Sunday July 30, 2017 @10:15PM (#14889063)

I didn't forget, I never knew that. It's pretty interesting!

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