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Real Estate 2.0 Terms of Use, Should You Blow Them Off?

Sep 7, 2007 Michael Wurzer

REIS Innovations, a subsidiary of the Florida Association of REALTORS®, has produced a very interesting and useful document outlining the terms of use policies of many web sites to which real estate agents and brokers submit their listing and other data. Terms of use are easy to blow off, and many times doing so is justifiable from a risk/benefit perspective. In other words, the cost of digging into the terms of use far outweighs anything bad that could happen as a result of agreeing to the terms. This may well be the case for an agent submitting a few lisitngs to a web site for advertising purposes. But is it also true for a company submitting their entire listing inventory to a site? What control do you want to have regarding what can be done with the data once you submit it?