NAR Integrates CompStak into RPR Platform as Benefit for Commercial Members

We have an exciting new partnership with CompStak. NAR members receive 500 credits toward CompStak data! 

WASHINGTON (October 13, 2022) – The National Association of Realtors® and CompStak announced today a partnership to integrate CompStak into the Realtors Property Resource® platform. All NAR commercial members will have access to CompStak Exchange, an analyst-reviewed comp data and analytics platform. Members will also receive exclusive promotional credits that can be used to discover timely comps in their respective markets. The CompStak platform handles millions of data points weekly to create its comprehensive commercial real estate data set.

"NAR and RPR® continue to build strategic partnerships and enhance our technology resources to advance the goal of being vital business partners to Realtors® who practice commercial real estate," said Jeff Young, RPR®'s COO and general manager. "Each asset and service we add supports their businesses and adds growth to their bottom line. We are thrilled to partner with CompStak to deliver a unique tool for brokers' toolboxes that provides valuable information for their clients and helps them close more transactions."

NAR's commercial members can sign up for CompStak and redeem this benefit by visiting the "Additional Resources" section of any RPR® commercial property page and clicking the CompStak logo, or by visiting compstak.com/realtor(link is external). Members who already have a CompStak account can email [email protected](link sends e-mail) with their names and email addresses associated with the account to receive the benefit.

"One of our goals in this collaboration is to provide NAR's commercial members with quick access to accurate and transparent data," said CompStak CEO Michael Mandel. "We are excited about CompStak's integration into RPR®, which will provide Realtors® with a competitive edge and lead to better, faster deals for everyone." 

Realtors® can log in to RPR® at narrpr.com(link is external) and visit the RPR® blog(link is external) to review updates on new RPR® product enhancements and related learning.

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Countering Fraud in the Apartment Application Process:

Four Steps Can Help Managers Avoid Trouble

Apartment application fraud is on the rise, according to a survey by Snappt, an AI-enabled fraud detection platform. Eighty-five percent of apartment managers report being targeted by fraudsters, compared to 66% before the pandemic. Falsified applications leading to negative outcomes can cost thousands of dollars per door in bad debt and avoidable eviction expenses. Institutional property managers surveyed characterized falsified documentation as a "somewhat or extremely significant challenge." They said staff spend the most screening time verifying bank statements (72%) and pay stubs (67%). Property Managers c an fight application fraud by following these four steps:

1. If reviewing financial information, request multiple months of pay stubs or bank statements. When applicants aren't able to provide such information, consider asking for other reasonable information that will allow you to protect against potential fraud.
2. Look for inconsistencies between when an employment pay stub was issued and when the deposit reached the applicant's account. Weekends and holidays can shift deposits by one or two days, but this rarely happens in consecutive months.
3. If reviewing employment information, consider calling employers to confirm that applicants work where they claim. Use the number listed on employers' websites. 
4. Incentivize your team to carefully review applications by tying future bonuses to a property's on-time rent payment score.