MRED to help consumers afford homes in the Chicagoland area

One of the key goals for the long-term survival of MLSs is to identify tools that can help create tangible results for their subscribers.  The best way to “move the needle” on customer satisfaction is to provide agents with something that DIRECTLY affects their ability to sell homes.  As MLSs review new services to consider they need to prioritize programs that will help agents and brokers be more successful.  MLS systems are a given now - the progressive MLS has to become a partner with its brokers and play a valuable role in delivering services that make the entire industry [...]

By |2018-05-03T21:25:45-07:00March 31st, 2011|Main category, MLS Insights|0 Comments
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QRM – not to be confused with QR

The FDIC is rolling out QRM. It is a new banking rule that requires that a bank must put aside a 5% retention on any loan that does not include a 20% downpayment. I do not have a PHD in Economics, but I can imagine a few implications that may crop up as a result of QRM. If banks must retain 5% as a result of QRM, they will need to make fewer loans either as a result of consumers not being able to put down 20% or as a result of the bank needing to retain the 5%, reducing their [...]

By |2016-07-01T04:19:04-07:00March 31st, 2011|Broker-Agent Information, Main category|0 Comments
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Council of MLS released their annual benchmarking study today

The Council of MLS released their annual MLS benchmarking study today. You can download it for free from the CMLS website at CouncilofMLS.com. The survey involved the participation of 141 of the nations’ leading MLS providing services to more than 750,000 agents and brokers. The survey provides an update of the key issues facing MLSs today - great data. Be sure to take a look and share it with your staff and board of directors.  

By |2018-05-03T21:25:45-07:00March 31st, 2011|Main category, MLS Insights|0 Comments
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Jeffrey Wheeler steps down from President and COO of Coldwell Banker United

      In a letter today, Jeffrey Wheeler announced that he is stepping down from his role of President and Chief Operating Officer of Coldwell Banker United. Over the past five years Mr. Wheeler has successfully managed one of the great brokerages South Carolina, among the best Coldwell Banker franchises in the nation and around the world. Real Trends ranks Coldwell Banker United as the 4Th largest brokerage in America. Although details of the next chapter of Wheeler’s life was not detailed in the letter, you can imagine that he will continue to deliver his brand of inspired leadership [...]

By |2018-05-03T21:25:45-07:00March 30th, 2011|Broker-Agent Information, Main category|0 Comments
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Roost to share real estate lessons with other professionals

Real Estate agents are mighty in numbers and skilled in communicating thier services to consumers. Eventhough many are critical of REALTORS, they are leaders in many ways - social media being one of them. Today Roost announced that they are planning to extend the same services they provide to real estate agents to other professional ranks. Here is the letter announcing their expansion. I’m very excited today to announce the next generation of Roost.com.  We’ve taken everything we’ve learned in the last year of building Social Marketing products for Real Estate brokers and agents and put it into this product.  And [...]

By |2018-05-03T21:25:46-07:00March 29th, 2011|Broker-Agent Information, Main category|0 Comments
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LPS Real Estate Group launches new website by 1000Watt Consulting

LPS launched their new real estate group website over the weekend.Http://www.lpsreg.com. The site is rich with information for their four primary product consumers: Brokers & Franchisors; Real Estate Agents; MLS; Data and Media. Drilling into any product group allows you to visualize the solutions. This is an interesting tactic - they are focused on solutions rather than products. Once a user selects the solution that meets their needs, the products that fill that need appear. I like the site.  Hugely improved over the last site. 1000Watt Consulting worked with LPS to put all of the pieces together, even added some [...]

By |2018-05-03T21:25:46-07:00March 27th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
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Book Review – the Thank Your Economy by Gary Vaynerchuck

I am exactly 111 pages into Gary Vaynerchuck’s new book, The Thank You Economy. The book talks about the role that Social Media plays in corporations. Usually a good business book gets my juices going on page 1. This one took me awhile to find a new thought. Nevertheless - I would say that the book is a must read. As the earlier post suggests (I was Linkedin user 153,000ish), I am bullish on social media. My passion dates back to my first electronic rolodex, then to my first palm pda, and so on and so forth. I like to [...]

By |2018-05-03T21:25:46-07:00March 26th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
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MLS Mobile Game Changer – Smarter Agent

Mobile Search has been a keynote service by MLSs now for many years. The first platform that saw significant adoption was Most Home (now called Kurio). With the emergence of the smartphone, the Mobile Search industry has sprouted mobile search companies like weeds. RE Technology has a list of80 companies providing mobile applications. The typical business model for MLSs purchasing mobile applications is a fee per member per month. Some service providers offer a basic version and a pro version for those who want to generate non-dues revenue. Today, Smarter Agent looks to change all of that. They are launchiing [...]

By |2018-05-03T21:25:46-07:00March 24th, 2011|Broker-Agent Information, Main category, MLS Insights|0 Comments
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CoreLogic Awarded Patent for ParcelPoint Technology

Technology Provides First Standardized Nationwide Parcel Database CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced the U.S. Patent and Trademark Office has awarded a patent to the company for its unique ParcelPoint® technology. CoreLogic ParcelPoint technology provides access to a single source for comprehensive, accurate and current parcel, property and tax data for the insurance, energy, utilities and telecommunications industries. The patent is the 13th patent awarded to CoreLogic and the second for the Spatial Solutions team, which previously operated as First American Spatial Solutions. U.S. Patent Number 7,890,509 is titled “Parcel Data Acquisition [...]

By |2018-05-03T21:25:46-07:00March 18th, 2011|Main category, MLS Insights|0 Comments
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Trulia Direct Connect

Trulia provided WAV Group with information about their Trulia Direct Reference product today. They have 3 MLSs who intend to put the solution into beta. The goal of the program is to improve data accuracy at Trulia by accessing a data file from the MLS to match against the Trulia data set. WAV Group has echoed the outspoken disappointment that brokers have about data quality on third party websites. This program provides a thesis to help clear up the problem, but questions remain - namely - will the MLS data trump other business rules? Will participation in the program remove [...]

By |2018-05-03T21:25:46-07:00March 15th, 2011|Broker-Agent Information, Main category|0 Comments
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Products that get adopted keep it simple! Vendors that make them, look and listen.

Over the past few weeks I have been doing a lot of work with both vendors, brokers and agents evaluating different technologies.  In some cases this involved helping vendors improve their products and on the other side involved helping brokers and agents choose new products.  Something that hit me over and over again in both cases was the fact that our industry has over engineered products over and over again.  Why?  Because we don’t really listen to what users want.  We think we know better.  We understand all of the complex features that need to be included in websites, and [...]

By |2018-05-03T21:25:46-07:00March 11th, 2011|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|0 Comments
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