[ramesh31]

>what's the deal with MLS data? That sounds pretty interesting, some kind of protective moat they have in place? What's the backstory there?

It's just extremely valuable, so they won't give it out willy nilly. There's a network effect at work, where it's almost impossible to sell your home without listing with them, so everyone does. And mortgages are just about the most lucrative consumer financial transaction there is, so lots of incentive to keep it on lock.

[jxramos]

interesting, blocking out the buyers at least

""" Can buyers access the multiple listing service without a realtor?

The short answer is no, they can’t — at least not directly. In order to access the MLS, you need a real estate license, which means it’s not possible for buyers to have direct access to this data on their own. However, they can reap the benefits the MLS has to offer if they start the house buying process off right and partner with a local real estate agent. """ https://listwithclever.com/real-estate-blog/get-access-mls-w....

[Dbtabachnik]

Why do you only focus on residential PMS's? From my perspective, I think commercial property management would have a larger opportunity to leverage APIs for market analytics, pro formas analysis using KPIs talked about in earlier parts of this thread, and DD (historically one of the biggest pain points for RE).

Credentials: Sr Product Manager at Amazon in the RE Team (Amazon Fulfillment), former BTS commercial property developer, and current luxury residential Real Estate agent with MLS access.