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Fact: Automated rank checking programs violate Google's Terms of Service. They use server resources that should be spent on answering user requests. We strongly request that you not use rank checking programs to check your position on Google.
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I take this to mean programs that search Google and others each day for their position under potentially hundreds of keywords. A simple report for one URL and say 20 keywords is essentially 200 queries (reading 10 pages of each) per search engine - on a daily basis multiplied by millions of webmasters, one can see why they aren't too happy about it.
PR checkers and the like are fine.