The Austin Board of Realtors reportedly reached a settlement with CoreLogic over claims that the data provider was improperly selling home sales data to the local appraisal district.
The details of the settlement come courtesy of Austin’s KXAN, which recently reported that the ABoR sent a letter to its members that the parties reached a settlement over claims that CoreLogic was selling actual home sales information to the Travis County Appraisal District.
The data obtained by the Appraisal District is usually reserved for realtors and companies like Zillow.
The state of Texas doesn’t require disclosure of real estate prices.
“Market values are typically higher than what the appraised values are,” said Chris Beer of Green City Realty. “And because Texas is a non-disclosure state, the data shouldn’t just be out there.”
The appraisal district said in a statement that CoreLogic to the district the company had the right to provide the sales data, but the ABoR disputed that claim, and filed a cease-and-desist letter to put a stop to CoreLogic’s alleged actions.
And the ABoR and CoreLogic recently reached a settlement in the matter, but terms of the settlement were not disclosed.