Does anyone else screw with costar/loopnet agents?
Whenever I get a call about a recent sale and they want to know how much I sold it for so give a fake number.  

Costar: "You listed it for $575k, is it sold?"  

Me: "Yes, we actually got 675k for it!" (We really got $419k).

Don't make me pay thousands to access your data to then waste my time with no incentive to get data from me for free.
[{"id": "ifdfhge", "text": "What a chode.", "replies": [], "depth": 1}, {"id": "ifdhlgf", "text": "\u2026 who benefits from this? \n\nAre you truly so hung up on the fact that you pay for a service that you just throw the social contract out the door?\n\nCoStar, for all its problems, has been one of the few semi-reliable sources of major commercial deal metrics available. At the very least, one of the most consistent. \n\nSo, just for the luls, or because you feel like \u201cI\u2019m already paying these guys so fuck them\u201d, you\u2019re intentionally inflating your sales price? That\u2019s is, literally, the exact thing that most people hate about folks in the real estate trade. \n\nGood job living up to a stereotype that only the absolute shittiest of us can identify with. \n\nI can only assume you\u2019re fairly young, because I\u2019m in my early thirties and love to cut-up, be silly in proffessional settings, but I still can\u2019t wrap my head around why someone would enjoy doing this. \n\nCan you elaborate on why this is enjoyable? Not even being a dick, I\u2019m genuinely curious what makes it seem like a good idea?\n\nNot trying to attack you here, but it\u2019s simply not in your professional interest to do this. Please consider either \n\nA. Sharing accurate market info like a proffessional. \n\nOr, if you wish to keep the deal details private:\n\nB. Decline to provide the data. \n\nPlease help, not hinder your peers, and the teams that are working to place buildings back into commerce for your local economy\u2019s sake.", "replies": [{"id": "ifdll40", "text": "1) The FTC should have never allowed the acquisition of loopnet.  I see costar/loopnet as a monopoly\n\n2) Costar has personally screwed me over in the past and I am vindictive about it (I attempted to cancel starting in early December 2020, they rep did not return any emails or calls until January) and when I pushed the matter they still attempted an early termination fee.\n\n3) Costar fights any and all competition (anyone remember xceligent?) \n\nCostar does not have a social contract with you.  If they want to profit from my data they can pay for it, but don't waste my time.", "replies": [{"id": "ifdm0wz", "text": "you aren't fucking costar, you are fucking everyone else who has to spend 10 minutes looking your comp up to figure out the data is wrong", "replies": [{"id": "ifdtiic", "text": "lol imagine anyone in CRE spending ten minutes doing anything", "replies": [{"id": "ifdufyc", "text": "depends what you are doing.  Taking a quick look at valuation comps in brokerage?  If it doesn't look off probably who cares.  For a lot of appraisal and legal work you need to verify comps or at the very least you will look like a fucking idiot if someone calls you out for being wrong", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "ifdoban", "text": "They can find virtually are they need from public records about sales price. They contact you because it saves them time. \n\nI hate costar, but I don\u2019t hate the people I interact with. They are just trying to put food on their table. I\u2019ve never understood the limp dick move to make other people\u2019s jobs more difficult, but hey, if I wasn\u2019t good at my job I\u2019d probably be a douche too.", "replies": [{"id": "ifdp6w0", "text": "That really depends on the state and county. Plenty of places do not record sales data. \n\nYou can attempt to extrapolate from a recorded mortgage but that involves assumptions.", "replies": [{"id": "ifdqmtw", "text": "you aren't wrong but their comp issues, and people doing what op does, happen in public records states too.\n\nI am in an open records state and I bet somewhere between 1/5 to 1/10 records on costar do not match the public records.", "replies": [{"id": "ifdrdru", "text": "Is costar higher or lower? Or just off ?\n\nMy take is usually to decline if anyone asks me.", "replies": [{"id": "ifdsmhw", "text": "when they ask me I just say whatever the auditor says is correct and decline to answer on leases/non public info.\n\nJust off I think?  Its usually small amounts and you see a lot of round numbers.  You see it in SF too which probably is one reason this happens.  Like say the public records say a building is 10,231 sf and sold for 1,230,500, a costar comp may say 10,000 SF $1,250,000.  A lot of it probably is brokers rounding stuff or not remembering, which I get, I am not going to pull up that shit when I'm on the phone either, which is why I just ask them what the public records say and if what they say sounds right to me then I agree with it.\n\nI'm sure a lot of people say stuff like \"125/SF\" when they mean 124.67/ SF and then again, if costar is 3% off in the sf now the sales amount is fubar", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "ifdowx4", "text": "We\u2019ll, this may be lost on you, but in the future consider something along the lines of:\n\n\u201cThis data is private and for sale, if your team is interested. Our team has begun charging $1800 per data point. Please let us know if we can provide information on any of our deals for you, under these terms.\u201d\n\nInstead of:\n\n\u201cIdk bro, like a vajillion dollars? Lol.\u201d", "replies": [{"id": "ifhd27m", "text": "$1,800 per data point? That's how it used to be done. Now you license that data point for $150 per month with a 1 year minimum term.", "replies": [], "depth": 4}], "depth": 3}, {"id": "ifdqboa", "text": "Wah wah wah Jesus Christ are you a child?", "replies": [], "depth": 3}, {"id": "ifely7h", "text": "&gt;The FTC should have never allowed the acquisition of loopnet.  I see costar/loopnet as a monopoly\n\nI agree on this point.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ifdkxvv", "text": "You sound like a douchebag.", "replies": [], "depth": 1}, {"id": "ifdl1eb", "text": "That\u2019s cool screw everyone else up", "replies": [], "depth": 1}, {"id": "ifdmkbq", "text": "Kind of a dick move not really sure how you benefit or why you\u2019re bragging but do you", "replies": [], "depth": 1}, {"id": "ifdnl8u", "text": "Wow- Residential Broker Here. Why is there no association of commercial brokers maintaining an MLS\u2014- like we do in residential? People like OP would be fined for providing false data if they did this to our local MLS.", "replies": [{"id": "ifdqeq8", "text": "the large CRE firms view access to data as a barrier to entry for smaller/independent firms or their own brokers being able to leave and be independents.\n\nResidential has many many more firms and they don't tend to have global private databases of transaction info", "replies": [], "depth": 2}, {"id": "ife0l44", "text": "I\u2019ve seen commercial deals on my local MLS. It\u2019s nice. We get an actual comp. And guess what? Usually Costar doesn\u2019t have that same data! \n\nI really dislike them and so do many of the brokers I work with.\n\nEdit: I\u2019m in a nondisclosure state so there won\u2019t be public records detailing sale price.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ifdq7t1", "text": "Why purposely fuck the data up and make more work for people.\n\nMake me understand this?", "replies": [], "depth": 1}, {"id": "ifdu0i0", "text": "Great way to fuck yourself and the brokerage community over.. CoStar has a public record database anyways.. OP is 6 years old.", "replies": [], "depth": 1}, {"id": "ifdvsnq", "text": "You sound like a newer agent who did a couple deals and thinks they\u2019re the best. My guess is Florida (I\u2019m also in Florida). Your type is seen day in and day out. Enjoy what you think is funny - you won\u2019t last. Hopefully principals know this is how you do business so they avoid you like the plague. You are a fiduciary. Act like one or get out of the field.", "replies": [{"id": "iff3rzu", "text": "It was a Porsche", "replies": [], "depth": 2}], "depth": 1}, {"id": "ifdzw63", "text": "People are mad because they use Costar.\n\nI\u2019m in a nondisclosure state and Costar rarely has data for the transactions I am looking for. My niche is land for development. There are other viable sources for data out there and I am intent on using them as in my view, Costar overcharges and in their words, \u201cwe don\u2019t care if brokers use our service\u201d.\n\nI\u2019m serious. They told me they don\u2019t try to actively woo us. They give us data because we *beg* them. Pretentious. I hope Catylist beats them out.", "replies": [{"id": "iff3yz6", "text": "Will you share your sources?  I am in the same field.", "replies": [{"id": "iffpjyh", "text": "No perfect source but catylist, crexi, LandGlide, MapRight can all help. And then lots of public data sources. And phone calls. Lots of phone calls. Our MLS is useful as well and our Realtor org has several other softwares in their package that can help you piece together a picture.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ife4s6r", "text": "Let me guess....  you bought a BMW with your first commission check, didn't ya.     \n\n\nAbsolute douche move to lie about the price.", "replies": [{"id": "iflcjjc", "text": "Haha the animosity towards BMW drivers is insane", "replies": [], "depth": 2}], "depth": 1}, {"id": "iff0jts", "text": "Truly spoken like a broker that deals with sub million dollar deals and has a chip on their shoulder", "replies": [{"id": "iff3t9b", "text": "Not smart enough to be a broker", "replies": [], "depth": 2}], "depth": 1}, {"id": "iff7xae", "text": "I don\u2019t rely on it. Costar is best for Multifamily IMO but literally anything else I verify outside.", "replies": [], "depth": 1}, {"id": "iffs95v", "text": "For context dude costar doesn\u2019t give a shit about you 499k deal. I hate them just as much as you do but the value there is in large swaths of data in which your lie just gets neutralized and filtered out. The only entity ur screwing is the new or local broker busting their ass on a local deal without a ton of data points or comps to work off of. But hey do whatever you want man just know ur not swinging the needle", "replies": [], "depth": 1}, {"id": "ig9ydl4", "text": "Sounds like a great way to get a property tax increase. You shouldn't be disclosing sale price anyways.  You probably wouldn't like it if I sent out a press release saying what a great deal and price I got on an asset you sold.", "replies": [], "depth": 1}, {"id": "igjpouq", "text": "So you are one of those brokers that makes low level agents lives at Costar suck because you have such a highly inflated sense of importance. \u201cDon\u2019t waste my time\u201d lol those calls take 30 seconds. You\u2019re an ass.", "replies": [], "depth": 1}]