In a recent blog post, Amy Geddes presented a case study demonstrating some of the ways we can measure the success of Scout for SAFEMLS based on the first forty days of remediation and averaged across multiple customers. While we believe these results demonstrate our product is successful, apparently it lead others to ask, “How do those measurements for success look at the individual MLS level?”. Well, we are glad you asked.
Enter RealTracs.com, as an example. Realtracs.com is a Nashville based regional MLS that feels Scout for SAFEMLS has delivered success. As many are aware RealTracs.com develops, supports and maintains their own MLS system. In 2011 they modified their billing model from broker-based to agent-based and implemented Scout for SAFEMLS to compliment this effort.
Scout for SAFEMLS creates a secure login environment. Additionally, Scout for SAFEMLS adds revenue assurance through the analyzing of shared accounts and the SAFEMLS Remediation Manager. This service empowered RealTracs.com to monitor and take action against account sharing and abuse through the remediation process.
At a time when the economy is challenged and the real estate market is down, many have chosen to cut office overhead and/or avoid MLS fees by account sharing. RealTracs.com was able to significantly grow their member base by almost 10%. In addition to the demonstrable increase in active MLS users, RealTracs.com experienced a sharp decline of 54% in account sharing and non-paying (unauthorized) users accessing the MLS, and a decrease in account abuse of over 65% (the number of users abusing an account). For MLS organizations like RealTracs.com (who develop, support and host their system), this carries a clear cost savings and direct return on their Scout for SAFEMLS investment. By reducing the volume of users and the unique IP addresses accessing the MLS (and securing access to only those members paying their dues), RealTracs.com saves on hardware expenses and other costs associated with hosting their MLS system.
When speaking with another MLS customer, Clareity Security was informed of interesting results based on that customer’s internal data. They discovered that when a brokers’ office has had agents enter into remediation they are 34% more likely to add the agent as a new subscriber/member to the MLS within 30 days, than those that do not have agents in remediation.
Is this success measured at the individual MLS level? We at Clareity Security believe so, and more importantly, so do our customers. Subscriber growth and retention are key components in the MLS business model but it is just one piece of our measured success story. What about the story behind the numbers? Sure we can measure decreases in unauthorized account use and account sharing. While these factor largely into converting unauthorized users into new subscribers (when utilizing remediation best practices), a decrease in these two components also means an increase in security of your subscribers’ data and listings. When unauthorized users enter into your system they may not be doing so with malicious intent, but they are still accessing information that is controlled by your license agreement and these users have not agreed to your terms. Therefore, they can break your rules without fear of recourse. By not subscribing appropriately, they are in essence stealing from you, your paying subscribers and the consumers who provide the information (but that’s another story).
Share this post: