You may have heard about the General Data Protection Regulation recently through broker newsletters or other real estate news sources.
While it’s always good to be aware of valid security concerns, many view this as a bit of a ‘chicken little’ attitude that has arisen from the fallout of Facebooks recent snafu with it’s user data.
In specific this regulation largely only applies if the “data subjects”, are in the EU when the data is collected. However, this regulation makes it your responsibility to handle this potential situation.
Despite the fact that our system, and your website with us is based in America and is likely not largely used by people outside of the United States these global regulations are something everyone who does business needs to be aware of as it puts a larger onus on the business owner themselves ( REALTOR® or otherwise) to handle secure storage, access, and deletion of this sort of data on their own personal machines and printed files outside of their website systems.
Regardless, the deadline for compliance is not a hard set date; the extent to which small business, and businesses with no European branches will be pursued for penalty, while not currently clear, is unlikely to be extreme.
Fortunately, as a Tour Real Estate Inc customer you are already largely compliant with these rules. Furthermore we will be updating existing systems to be compliant with these regulations in the upcoming weeks.
Should you have any questions about our services, or your data please feel free to contact us!