REALIST

What is REALIST?

REALIST is a versatile and powerful tool developed by CoreLogic, dedicated to integrating public records data seamlessly into Multiple Listing Service (MLS) systems. It helps real estate professionals obtain accurate, up-to-date information about properties and markets, enhancing their ability to make informed decisions. REALIST provides insights into various aspects such as ownership, property characteristics, market value, local demographics, and more. By leveraging this data, real estate professionals can better serve their clients and accelerate their business processes.

Key Features:

Comprehensive public records database
Property characteristics and ownership information
Neighborhood and market trends
Foreclosure information
Customizable reports and dashboards
Easy integration with MLS systems

Examples:

Property Background Check: A real estate agent can search for in-depth information about a property’s history, including ownership, mortgage details, and any foreclosure records, using REALIST, assisting in a comprehensive background check.
Market Analysis: REALIST allows real estate professionals to produce market trend reports by integrating data such as sales comparables, property values, neighborhood statistics, enabling them to provide market analysis to clients.
Property Valuation: Using the data provided by REALIST, an appraiser can enhance the accuracy of property valuations by cross-referencing public records data with current MLS listings to confirm property characteristics and market conditions.

Frequently Asked Questions (FAQs):

What kind of data can I access through REALIST?

REALIST grants access to comprehensive public records, which include property ownership, tax records, sale records, foreclosure data, property characteristics, and neighborhood demographics.

How often is the data within REALIST updated?

The data within REALIST is updated regularly to ensure real estate professionals have access to the latest and most accurate information.

Is REALIST a standalone system or integrated with MLS?

REALIST is designed to integrate seamlessly with MLS systems, allowing for a unified workflow for real estate professionals.

Can I generate custom reports using REALIST?

Yes, REALIST offers customizable report options that can be tailored to meet specific needs, enabling professionals to generate detailed and targeted reports.

Is training available for new users of REALIST?

CoreLogic provides training resources and support to help new users quickly become proficient in using REALIST effectively.

Multiple Listing Service (MLS): A database established by cooperating real estate brokers to provide data about properties for sale.
CoreLogic: A leading property information and analytics provider.
Public Records: Official records that document the activities of various governmental bodies, accessible to the public.
Foreclosure: The process by which a lender takes control of a property due to the borrower’s failure to meet the mortgage obligations.

Online Resources

References

CoreLogic. (2023). REALIST Public Records Data. Retrieved from CoreLogic.
National Association of Realtors. (2022). Multiple Listing Service Explained. Retrieved from NAR.

Suggested Books for Further Studies

“Real Estate Market Analysis: Methods and Applications” by Stephen F. Fanning
“The Art of Real Estate Appraisal” by William L. Ventolo Jr. and Martha R. Williams
“Mastering Real Estate Investment: Examples, Metrics and Case Studies” by Frank Gallinelli

Real Estate Basics: REALIST Fundamentals Quiz

### What is the primary function of REALIST? - [ ] To create blogs for real estate agents - [x] To provide comprehensive public records data to MLS systems - [ ] To assist in home staging - [ ] To offer mortgage services > **Explanation:** REALIST is designed to provide comprehensive public records data to MLS systems, helping real estate professionals access vital property and market data. ### Which company operates REALIST? - [x] CoreLogic - [ ] Zillow - [ ] Redfin - [ ] REALTOR.com > **Explanation:** REALIST is operated by CoreLogic, a leading provider of property information and analytics. ### Which type of data is NOT typically included in REALIST? - [ ] Ownership information - [x] Personal income details - [ ] Foreclosure records - [ ] Property characteristics > **Explanation:** REALIST includes ownership information, foreclosure records, and property characteristics but does not provide personal income details. ### What is one major benefit of using REALIST for property valuation? - [ ] It simplifies home decor decisions - [x] It enhances accuracy with up-to-date public records and MLS data - [ ] It allows direct purchase of properties - [ ] It offers legal advice > **Explanation:** REALIST enhances the accuracy of property valuations by providing up-to-date public records and integrating them with current MLS data. ### Who can benefit from using REALIST? - [ ] Only property buyers - [ ] Interior designers - [x] Real estate professionals - [ ] General contractors > **Explanation:** Real estate professionals benefit most from using REALIST as it provides them with critical data for informed decision-making. ### What kind of reports can users generate within REALIST? - [ ] Horoscope reports - [x] Property and market trend reports - [ ] Advertising reports - [ ] Payroll reports > **Explanation:** REALIST enables users to generate property and market trend reports utilizing comprehensive public records data. ### Which of the following describes an aspect NOT provided by REALIST? - [ ] Neighborhood demographics - [ ] Tax records - [ ] Sale records - [x] Automobile listings > **Explanation:** While REALIST provides neighborhood demographics, tax records, and sale records, it does not facilitate automobile listings as it focuses solely on real estate data management. ### How is the data in REALIST kept reliable? - [ ] It is manually updated by users - [ ] It's synchronized with social media feeds - [x] It is regularly updated by CoreLogic to ensure accuracy - [ ] It uses outdated public records > **Explanation:** The data within REALIST is regularly updated by CoreLogic to ensure that real estate professionals have access to the most reliable and current information. ### Does REALIST only operate as a standalone system? - [ ] Yes, it operates entirely independently. - [ ] No, it requires third-party integration. - [x] No, it integrates seamlessly with MLS systems. - [ ] Yes, and only specific users can access it. > **Explanation:** REALIST is designed to integrate seamlessly with MLS systems to provide a unified workflow for real estate professionals. ### Is there training available for new users of REALIST? - [x] Yes, CoreLogic provides training resources. - [ ] No, training is not needed. - [ ] Yes, but only through third parties. - [ ] No, users must learn it independently. > **Explanation:** CoreLogic provides training resources and support to help new users quickly become proficient in using REALIST effectively.