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Sign into your accountHomeFinder.com CEO August Appraisal: Learning the ABCs of Real Estate
August 29 2012
IDX? MLS? RETS? VOW? What in the world of alphabet soup is going on here?
To say my first few months in the real estate industry drowned me in a sea of confusing jargon is an understatement. I transferred to HomeFinder.com from a travel website, Orbitz.com, and vividly remember thinking, "How hard can real estate data be?" Little did I know, the real estate industry holds more confusing rules and terms than a congressional spending bill.
I am a self-confessed geek and still actively write code now and then, so you would think I did some online home schooling to answer my real estate questions. However, I quickly learned the best tutoring I could find walked the halls of HomeFinder.com every day. We employ a number of real estate agents and a host of industry veterans, and I soon quizzed them on a daily basis with questions like, What's an IDX feed? How do agents and brokers work together? How come Roost and RedFin get to have all of the listings on their sites?