I just got a quote from them and holy cow I'm blown away at what they want me to pay. We're adding new sales transactions to our database every single day. Cookie Notice They stopped calling me after I told them what I think of their business model. 15. CoreLogic simply compiles sales records from the public record and resells the information. Licensee may also in the ordinary course of its business share or distribute to clients limited amounts of Information and limited excerpts and discrete portions of Analysis, including limited excerpts and discrete portions from CoStar Market Reports (CoStar Excerpts) that are contained in or incidental to its own reports, analyses or presentations for clients (Client Materials), provided that: (i) such CoStar Excerpts are only supportive of the substance of the Client Materials; (ii) Licensee shall be liable for any such distribution of the CoStar Excerpts; (iii) Licensee shall always acknowledge CoStar as the source of the CoStar Excerpts within the Client Materials; (iv) the Client Materials shall not include full copies or substantial portions of any CoStar Market Reports and may contain only limited amounts of building-specific and tenant-specific Information; and (v) the Client Materials are not commercially or generally distributed. Comparables database management is one of the features offered. See a detailed breakdown of loans issued against the property. Ownership. A deep and detailed view of commercial tenants across asset types and geographies. Solomont at eb@therealdeal.com. It is worth it if the agent paying for CoStar Ads has at least a million dollar worth of listings that are located in a seller's market area. Whoopiskin 5 yr. ago. (a) Licensee will designate a person authorized to determine and change the level of each Authorized Users access to the Licensed Product and designated to ensure that Licensee complies with this Agreement. All notices given hereunder will be in writing and delivered by email, personally mailed by registered or certified mail, return receipt requested, or delivered by a well-recognized overnight courier company. Licensee irrevocably consents to the jurisdiction and venue of the federal and state courts located in the District of Columbia, or in any State where Licensee's Authorized Users are located, for purposes of any action brought against Licensee in connection with this Agreement or use of the Licensed Product. While some chalk up CoStar's subscription fees to the cost of doing business, others accuse it of exploiting monopoly status to charge high prices. CoStar is one of the most popular online destinations for property data, however, there are several attractive alternatives. The Agreement may not be amended, modified or superseded, nor may any of its terms or conditions be waived, unless expressly agreed to in writing by all parties. Learn more about how we process your personal data, read our privacy policy. That is insane. Every time they call my office I offer them information as long as they tell me where to send the bill. Comps are only accepted from verified commercial real estate professionals working in a brokerage or appraisal. 10 [deleted] 2 yr. ago [removed] I just asked a CoStar rep last week. Those portions of the Software, Database, Analysis and CoStar Market Reports that are licensed hereunder, including any updates or modifications thereto, and any information derived from the use of the Database, Analysis or CoStar Market Reports, including as a result of the verification of any portion of the Information, Analysis or CoStar Market Reports by Licensee, are collectively referred to herein as the CoStar Product. The CoStar Product and the STR Benchmark Product are collectively referred to herein as Licensed Product. (b) During the term of this Agreement, CoStar hereby grants to Licensee a nonexclusive, nontransferable license to use only those portions of the Licensed Product that are expressly identified on the Subscription Form into which these CoStar Product Terms and Conditions and STR Benchmark Terms (if "appliable") are incorporated by reference, subject to and in accordance with the terms of this Agreement. Still not sure about COSTAR? Community Regulation - Members receive more comps when they help us complete missing comp information. CoStar Product Terms and Conditions. All payments received after the due date may be subject to a late payment charge from such due date until paid at a rate equal to the maximum rate permitted under applicable law. You can compare data such as average rent, location, building class, building size, and other parameters. These consist of a national lab (lot 1) and up to 3 network labs (lot 2). Licensee will comply with all laws related to emails Licensee and/or its employees, Authorized Users and Exclusive Contractors send using the Licensed Product, including, but not limited to, the United States anti-spam law (CAN-SPAM), Canadas anti-spam law (CASL), the United Kingdoms General Data Protection Regulation and Data Protection Act 2018 (UK GDPR), the Data Protection Act 2018 and Privacy and Electronic Communications (EC Directive) Regulations 2003 (PECR), and the European Unions General Data Protection Regulation (EU GDPR) and any other applicable EU directives (as implemented within the relevant EU member state(s)). Check out alternatives and read real reviews from real users. One-million leases are going to expire this year, translating to virtually one lease every six seconds, the spokesperson said. RCA transaction data is limited only to sales of over $2.5M which excludes a large majority of transactions. How much does 42floors cost?For appraisers, the basic database is free. (c) Notwithstanding any other provision herein, Licensee shall not: (1) upload, post or otherwise transmit any portion of the Licensed Product on, or provide access to any portion of the Licensed Product through, the Internet, any bulletin board system, any electronic network, any listing service or any other data sharing arrangement not restricted exclusively to Licensee and the Authorized Users, except that (i) Licensee may e-mail a report containing Information or CoStar Excerpts that complies with Section 2(a) to a limited number of its clients and prospective clients, and (ii) for brokerage or other similar commercial real estate Licensees, Licensee may display solely on its own website photographs from the Licensed Product that depict properties that Licensee owns, controls, represents or holds exclusives, provided that under no circumstances shall such photographs be posted on any website that may compete with the Licensed Product; (2) use any portion of the Licensed Product to create, directly or indirectly, any database or product without the express written permission from CoStar; (3) access or use the Licensed Product if Licensee is a direct or indirect competitor of CoStar or provide any portion of the Licensed Product to any direct or indirect competitor of CoStar; (4) store, copy or export any portion of the Licensed Product into any database or other software program, except as set forth in Section 2(a); (5) modify, merge, scrape, disassemble or reverse engineer any portion of the Licensed Product; (6) use, reproduce, publish or compile any Information or Analysis for the purpose of selling or licensing such information or making such information publicly available; (7) use or distribute Information or Analysis that has been verified or confirmed by Licensee for the purpose of developing or contributing to the development of any database, product or service; (8) use any portion of the Licensed Product in a manner that would violate any U.S., United Kingdom, Canadian, European Union or other international, provincial, state or local law, regulation, rule, ordinance or common-law principle, including real estate practice, competition, marketing, advertising, defamation, securities, spam and privacy laws; or (9)(A) use any portion of the Licensed Product in any securities offering materials, registration statement, prospectus or other filing with the U.S. Securities and Exchange Commission or a foreign securities regulator (or other materials in each case), (B) incorporate by reference any portion of the Licensed Product into any such registration statement, prospectus or other filing or (C) use any portion of the Licensed Product in any filing with any federal, provincial, state, local or foreign governmental authority; each case of (A), (B) and (C) being in connection with the offer or sale of securities. (a) This Agreement between CoStar Realty Information, Inc. and/or STR, LLC, a wholly-owned subsidiary of CoStar Realty Information, Inc. (collectively, CoStar), and Licensee concerns one or more products developed and maintained by CoStar consisting of one or more of the following: (1) a proprietary database (the "Database") of commercial real estate and/or lodging industry information, including but not limited to, the information, text, photographic and other images and data contained in or supplied from the Database(collectively, the Information) and the proprietary organization and structures for categorizing, sorting and displaying such Information; (2) forecasts, evaluations, simulations, assessments, models, processes, methods, techniques, applications, procedures, formulae, algorithms and other analyses related to real estate, lodging industry and/or securities, including but not limited to those related to the Licensees portfolio or otherwise resulting from the performance of services rendered in connection with any consulting agreement between CoStar and Licensee (the Analysis); (3) commercial real estate and/or lodging industry market reports, which may contain elements of the Database or the Analysis (for the purposes of this Agreement, the CoStar Market Reports); (4) related software (the Software) and (5) the STR Benchmark product, including, but not limited to, hotel and lodging reports and benchmarking services (the STR Benchmark Product), which, if Licensee receives such product, shall be subject to additional terms and conditions located here: https://www.costar.com/CoStarTerms-and-Conditions/STRBenchmarking (the STR Benchmark Terms). Licensee is responsible for providing all hardware, software and Internet access necessary to obtain and use the Licensed Product. Trrend3. Without CoStar, I dont know how we could have done that.. Steven Burton Retired Soldier Upvoted by Michael Cheng , Real estate broker since 2010. In a matter of 24 hours we had to retrieve information on the Colorado market, and then sit down with the executive team to provide a strategic plan to handle their Colorado project. I am interested in the full package with comps, lease comps, tenants, etc. Their information is not accurate. CoStar connects you directly to the celebrities you love. In all cases, the amount of License Fees shall be paid by Licensee to CoStar in full without any right of set-off or deduction. Search for and explore commercial properties listed for sale, including upcoming Ten-X auction listings. This Agreement shall continue thereafter for successive periods of one (1) year (each such successive period being a Renewal Term) commencing on the day after the last day of the Initial Term or any Renewal Term, unless at least sixty (60) days prior to the last day of the Initial Term or any Renewal Term, either party has provided the other written notice of an intent not to renew. This Section shall survive the expiration or termination of the Agreement for any reason. CoreLogic9. (a) Either party may terminate any portion of this Agreement in the event of: (1) any breach of a material term of this Agreement by the other party which is not remedied within thirty (30) days after written notice to the breaching party; or (2) the other party making an assignment for the benefit of its creditors, or the filing by or against such party of a petition under any bankruptcy or insolvency law, which is not discharged within 30 days of such filing. Miscellaneous. This Agreement shall be construed under the laws of the District of Columbia without regard to choice of law principles. Do you use any alternatives? If such notice is being delivered to Licensee, such notice shall be delivered to Licensees physical address specified on the Subscription Form, email address or to such other address as Licensee may specify, and if being delivered to CoStar, shall be delivered to the physical address set forth on the Subscription Form, Attention: CoStar Sales, or to the email address or such other address as CoStar may specify. Reonomy4. The first month's subscription is completely free, then each month costs 4.99 with no limit to orders on click and collect. No Authorized User may access the Licensed Product using any Passcode other than the Passcodes assigned to such Authorized User. Machine learning helps detect, compare, and verify different versions of the same comp. As a CoStar alternative for appraisers, Trrend is actually a CRM (customer relationship management) package designed for CRE. To see commission rates, you need a paid membership.Some of the drawbacks to the platform are the lack of filtering and advanced analytics. You must have JavaScript enabled to use this form. (a) This Agreement between CoStar Realty Information, Inc. and/or STR, LLC, a wholly-owned subsidiary of CoStar Realty Information, Inc. (collectively, CoStar), and Licensee concerns one or more products developed and maintained by CoStar consisting of one or more of the following: (1) a proprietary database (the "Database") of commercial real estate and/or lodging industry information, including but not limited to, the information, text, photographic and other images and data contained in or supplied from the Database(collectively, the Information) and the proprietary organization and structures for categorizing, sorting and displaying such Information; (2) forecasts, evaluations, simulations, assessments, models, processes, methods, techniques, applications, procedures, formulae, algorithms and other analyses related to real estate, lodging industry and/or securities, including but not limited to those related to the Licensees portfolio or otherwise resulting from the performance of services rendered in connection with any consulting agreement between CoStar and Licensee (the Analysis); (3) commercial real estate and/or lodging industry market reports, which may contain elements of the Database or the Analysis (for the purposes of this Agreement, the CoStar Market Reports); (4) related software (the Software) and (5) the STR Benchmark product, including, but not limited to, hotel and lodging reports and benchmarking services (the STR Benchmark Product), which, if Licensee receives such product, shall be subject to additional terms and conditions located here: 4. 12. Reis subscription comes with a fee, and depends on the number of users and the type of data access one selects. Unfortunately, the platform does not provide deal by deal lease comps. Users are incentivized to update and correct data. A CoStar spokesperson defended the companys pricing, saying it has provided payment relief to thousands of clients and has continued to pay thousands of employees to provide the services its clients need. This Agreement contains the entire understanding of the parties with respect to the Licensed Product and supersedes any prior oral or written statements by Licensee, CoStar, or their respective representatives and documents with respect to such subject matter; provided, that this Agreement does not supersede any other written license agreement between the parties unless expressly provided herein. Any translated version shall serve for information purposes only. Quickly locate and analyze independently verified data on key details including. The CoStar Suite, which includes CoStar COMPS, is available by paid subscription only. I used to work for them.it aint just you, they are very expensive. Reis does not publicize pricing on its website. Also, commercial sales comps in non-disclosure states arent listed. LoopNet is only paid premium ads now, CoStar property has all the stuff people don't pay to put on LN and the stuff they capture from individual owners via their field research team, etc. Also, Crexi is primarily a listings platform. Its important to understand that RCA is a sales comps resource only (no lease comps). THE EXCLUSION OF DAMAGES IN THIS SECTION 10(c) IS INDEPENDENT OF LICENSEES EXCLUSIVE REMEDY AND SURVIVES IN THE EVENT SUCH REMEDY FAILS. I am interested in the full package with comps, lease comps, tenants, etc. All notices will be deemed given if delivered personally or by email, on the day of delivery, if mailed by registered or certified mail, three days after the date of mailing, if delivered by a well-recognized overnight courier company, one day after dispatch, and if delivered by overnight international mail, four days after mailing. Licensee shall be liable for any violation of the provisions of this Agreement by any Authorized User and by Licensees employees, Exclusive Contractors, affiliates and agents and for any unauthorized use of the Licensed Product by such persons. CoStar will send invoices for the License Fees by email, regular mail or both.