Released July 21, 2013
Version 1.24 of the Realtors Property Resource website includes improvements to the “My Listings” and MLS ID property search functions, enhancements to valuation confidence scores and confidence score ratings, and refined property type map icons. In addition, RPR has implemented a substantial upgrade to the technical infrastructure that supports the application. Users won’t be able to see this upgrade, but the property database and related operations will benefit greatly.
A summary of the key features in this release is below. If you would like more help finding or using anything in RPR, please visit http://blog.narrpr.com/training/.
“My Listings” and MLS ID searches
Users will notice improved performance of the “My Listings” search, which allows agents to view all their active listings across all areas. And the search by active MLS ID function is now more accurate due to enhancements in how the search engine resolves the complex ID numbers that can appear in some MLS systems.
Commercial property listing data and public facts
The Property Details page for commercial active listings now properly displays listing facts as well as public facts on the Summary tab.
Valuation confidence scores and star ratings
Most every property in RPR shows an automated valuation—an AVM or RVM® estimate along with a star rating to show the level of confidence in the data used in the valuation. In markets with sparse public records, fewer recent sales or many unusual properties, such as resort communities made up of high-end homes, the confidence in the valuation (called the confidence score) may be low due to the challenge of comparing the available data on these properties to other properties.
We refined the display of confidence scores on our Property Details pages to better express when a property has a lower score. After analyzing the data, we realigned the scores and star ratings. Properties with the highest data confidence will show a five-star rating. Properties with very limited information will show a one-star rating. These changes will help users more clearly understand and factor the strength of the confidence score into their own analysis of a property.
You can learn more about confidence scores here: http://support.narrpr.com/entries/183465-what-is-an-avm-or-rvm-confidence-score.
The release also includes improvements such as refinements to the property type icons displayed on maps. The updated icons identify the property type for each property on a map more accurately.
You can learn more about Known Issues (current and resolved) in this Knowledge Base forum: http://support.narrpr.com/forums/225569-known-issues
RPR is preparing a new toolset for Associations and MLSs. You will hear more about this feature, designed for Association and MLS staff to help serve their members, when it begins beta testing in the fall.
In addition, the Sales Comparison Analysis feature, which is designed for REALTOR® Appraisers and has been in beta testing, soon will be made available for all RPR users. The Sales Comparison Analysis is a simple and powerful way to evaluate a property using area sales information, as well as competitive listings, and produce a detailed record that can be saved or printed.
For more detail and support, please review the articles here in the RPR Knowledge Base or contact the Help Desk at 877-977-7576. We welcome your feedback directly from the RPR website (click the “Live chat” link on any page) or by calling the Help Desk.