IDX Company Overview

Founding Date and Background

IDX, or Internet Data Exchange, was founded in 2003 as a provider of real estate search applications. The company specializes in managing active listing data from multiple listing services (MLS) and offers integrated IDX software, customizable listing search utilities, and lead management tools tailored for real estate professionals. IDX has established itself as a key player in the real estate technology sector, providing solutions that cater to the needs of agents and brokers.

Parent Company/Ownership Structure

IDX was acquired by Elm Street Technology on June 24, 2020. This acquisition has allowed IDX to leverage additional resources and technology to enhance its offerings in the real estate market. As an operating subsidiary of Elm Street Technology, IDX continues to operate independently while benefiting from the parent company's broader strategic vision.

Headquarters Location

The company's headquarters is located at 100 East Broadway, Eugene, Oregon, 97401, United States. This location serves as the central hub for IDX's operations and customer support.

Global Business Scope

While IDX primarily serves the United States real estate market, its technology and services are designed to be scalable and adaptable for various real estate markets globally. The company's solutions have been utilized by thousands of real estate professionals, making it a notable entity in the real estate technology landscape.

Main Regulatory Bodies

IDX operates under the regulations governing real estate practices in the United States. This includes compliance with local and state real estate laws and regulations, as well as adherence to data protection and privacy laws relevant to the handling of consumer information.

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Company History and Development

Key Milestones

Since its inception in 2003, IDX has achieved several key milestones:

• 2003: IDX was founded, establishing a foothold in the real estate technology sector.
• 2020: IDX was acquired by Elm Street Technology, enhancing its capabilities and market reach.

Business Expansion Journey

IDX has consistently expanded its product offerings and customer base since its founding. The company has developed a robust suite of tools that includes IDX software, lead management systems, and customizable website solutions for real estate professionals. The acquisition by Elm Street Technology has further facilitated IDX's expansion, allowing for greater innovation and investment in technology.

Customer Base Growth

IDX has grown its customer base significantly over the years, managing over $2 trillion worth of active listing data from more than 600 individual MLSs. This substantial growth reflects the demand for IDX's solutions among real estate professionals seeking to enhance their online presence and lead generation capabilities.

Platform Development History

The development of IDX's platform has been marked by continuous innovation. The company has introduced various enhancements, including a WordPress plugin for real estate websites and mobile applications for iPhone and iPad users. These developments have made IDX's offerings more accessible and user-friendly for clients with varying levels of technical expertise.

Important Awards or Recognitions Received

While specific awards and recognitions were not detailed in the available information, IDX's reputation as a leading provider of real estate search applications speaks to its industry standing and the quality of its services.

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Trading Services Offered

Forex Trading Options

IDX does not primarily focus on forex trading, as its core business revolves around real estate technology solutions rather than financial trading services. Therefore, it does not offer currency pairs for forex trading.

Stock Trading Options

Similarly, IDX does not provide stock trading options, as it is not a brokerage firm. Its services are centered on real estate search applications and lead management tools.

CFD Trading Products

IDX does not offer Contracts for Difference (CFDs) as part of its service portfolio. The company's focus remains on providing technology solutions for the real estate industry.

Other Financial Instruments

IDX's offerings do not include cryptocurrencies or commodities trading, as its primary focus is on real estate technology rather than financial instruments.

Special Services or Unique Advantages

IDX's unique advantages lie in its comprehensive suite of real estate technology solutions, which include:

• Integrated IDX software for real estate websites.
• Customizable listing search utilities.
• Lead management tools designed specifically for real estate professionals.
• A WordPress plugin that enhances website functionality for real estate agents.

These services enable real estate professionals to effectively manage their online presence and improve lead generation efforts.

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Regulatory and Legal Background

Detailed Regulatory Information

IDX operates under the regulations applicable to the real estate industry in the United States, which includes compliance with local and state laws governing real estate practices. Specific regulatory bodies include:

• National Association of Realtors (NAR)
• Local MLS boards

Legal Entity Structure by Region

As IDX primarily serves the U.S. market, its legal entity structure is aligned with U.S. laws and regulations. The company operates as an LLC, which provides flexibility in management and liability protection.

Client Fund Protection Measures

While IDX does not handle client funds directly, it ensures compliance with data protection laws to safeguard consumer information. This includes adhering to regulations such as the General Data Protection Regulation (GDPR) where applicable.

Countries/Regions Served

IDX primarily serves the United States real estate market. However, its technology is adaptable for use in various international markets, although specific implementations outside the U.S. were not detailed.

Compliance History

IDX has maintained a strong compliance record within the real estate technology sector. The company actively adheres to industry regulations and standards to ensure the protection of consumer data and the integrity of its services.

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Competitive Landscape

3-5 Main Competitors

IDX competes with several companies in the real estate technology sector, including:

1. Redfin: A technology-powered residential real estate brokerage.
2. Placester: Provides website solutions for real estate professionals.
3. Zillow: Offers a comprehensive real estate marketplace and technology solutions.

Positioning in the Industry

IDX positions itself as a leading provider of real estate search applications, focusing on delivering integrated solutions that help real estate professionals manage listings and leads effectively. Its emphasis on user-friendly technology and customization sets it apart in the competitive landscape.

Market Differentiation Factors

IDX differentiates itself through:

• A robust suite of customizable tools tailored for real estate professionals.
• Strong integration capabilities with multiple listing services (MLS).
• A focus on lead management and user experience, making it easier for agents to capture and convert leads.

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In conclusion, IDX has established itself as a significant player in the real estate technology sector, providing essential tools and services that enhance the online presence of real estate professionals. Its commitment to innovation, customer service, and regulatory compliance positions IDX for continued growth and success in the evolving real estate market.

For more information about IDX and its offerings, please visit learn more.