Now
to news!!
Some of you may have
heard or even been affected by Teranet's tightening up access to
information through the Real Estate Boards.
Teranet has a contract
with each of the Boards that set out specific requirements for access
to the data. That contract specifically defines an authorized
user and the purposes for which the data may be used.
The wording in the contract
is: "Authorized User" means:
I) a Board Member that also is a licensed Realtor (broker or agent)
in the Province of Ontario whose membership with the Board is in
good standing, or
ii) a permanent employee of the Board accessing GeoWarehouse for
exclusively administrative or maintenance purpose,
in both cases each of
whom have accepted the GeoWarehouse Online Terms and Conditions
of Use. Without limitation, "Authorized User"shall
not include Persons whose primary commercial activity consists of
any of the following: financial institutions, government agencies,
credit bureaus or reporting agencies, collection agencies, lawyers,
law firms, paralegal service firms, conveyancers, mortgage brokers,
investment analysts, marketing companies, mapping or geospatial
services companies, MLS system vendors, software developers, re-marketers,
re-sellers, assemblers, wholesalers or distributors of information
or data products, media companies, appraisers,
surveyors, or honorary members of the Board; (emphasis added)"
When Teranet set up their
sub license agreements with the individual boards it was for agents
to carry out their daily business of buying and selling properties
for their clients. Many of us in the appraisal business have had
access either as a licensed agent or through other means. As well,
there are a number of our members who have "Associate"
memberships with specific Boards.
Some of these memberships
allowed the same access to Teranet data for the associates as it
does for agents, some did not. The problem for Teranet was that
the agreement did not cover access to data for appraisal purposes
and that the number of searches far exceeded what was considered
to be reasonable under the contract. As a result Teranet is currently
carrying out an audit of use Board by Board. They have sent out
letters to all Real Estate Boards in Ontario explaining the limits
of the contract and asking them to comply. Those individuals who
are accessing data for purposes other than buying and selling real
estate will lose their access to the above information in the near
future. In fact the Kitchener-Waterloo Board turned off the tap
without any notice.
Some members currently
have one or more commercial licenses with Teranet. These individuals
or companies will be able to carry on business as usual.
Representatives of OA-AIC
met last week with representatives of both Teranet and MPAC to discuss
the development of cost effective products specifically for OA-AIC
members. The meeting was informative and quite productive and Teranet
and MPAC together, and in consultation with OA-AIC, will be moving
forward quickly to develop a couple of packages/price plans for
members. Make no mistake, we as members will no longer have a free
ride in terms of gaining the information. Paying the real estate
board fees for an individual will not guarantee you the information
you require. However, we are working on a
one stop solution for members that will be
designed specifically for appraisers and should be more cost effective
than the current commercial agreements.
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