A recent industry news article caused much confusion about the similarities and differences between four various initiatives: Upstream, AMP, Retsly, and Trestle. Attempts to clear up that confusion only seemed to cause more confusion. So, we figured we would bring some clarity to the situation.
To be clear, Retsly is nothing like Upstream or AMP. The diagram below illustrates this clearly, showing what kind of data each initiative handles, the consumers of that data, and the directionality of the data flow.
To sum it up further in a tabular form:
|Other MLS Data||X|
|Other Broker Data||X|
|AVM / Analytics||X|
|Broker Back Office||X||X||X|
|Other Broker Vendors||X||X||X|
The table above shows that Retsly is most similar to Trestle, though Trestle includes AVMs and Analytics as additional data that can be licensed, and at this point, Trestle allows MLSs to license data to a wider spectrum of licensees. Both of these initiatives are also similar to Real Estate Digital’s reDataVault product, which is focused on listing data nationwide. There are also several other data aggregators and APIs, but for the purpose of this blog, we focused on the main four generating the buzz and related confusion in the real estate news this week.
Hopefully, the diagram and table also illustrate how different AMP and Upstream are, and we can avoid further confusion between those two initiatives.
The ownership of these initiatives is often confused, too. For clarity, Upstream is a separate LLC that is 100% owned by its broker members, and RPR is their vendor under contract to build Upstream’s data entry and distribution product. NAR is paying $12 million over two years to fund Upstream and AMP software, but does not have control of Upstream or its products. AMP is a product of RPR, which 100% owned by NAR. Zillow owns Retsly and Corelogic owns Trestle. Now, there is perfect clarity on these four initiatives, right?
Thanks for reading and we hope this helped!
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