With the passing of the Clear Cooperation Policy, many MLSs around the nation created a new status called ‘Coming Soon’. Included is the press release from MLS Now detailing the unanimous approval of the board to end the policy.
The great unsolved challenge for real estate professionals is cracking the code to staying in touch with the people in their database. I am sure that agents across America found a bunch of unsubscribe notices in their inbox this morning - depleted databases.
Broker Public Portal Chairman, Alon Chaver, has written an excellent overview of how Corporate Home Buyers pose an immediate threat to home ownership which is having a ripple effect across the industry.
The Broker Resource Network (“BRN”) issued their first press release today. Since January, the network has been forming through the efforts of one broker calling another, then another, and so on. In a short number of months, the group took shape and through accounting, these firms combine to represent the fourth largest group of brokers in real estate.
In a release today, Lone Wolf has provided structure to their leadership offerings by organizing their outward facing executives by customer audience. “Our technology has always been built for real estate professionals, by real estate professionals,” said Jimmy Kelly, CEO and president of Lone Wolf.
In the early 90s, John Giaimo founded HomeSeekers and took the company public. Since then, Giaimo has been an active real estate entrepreneur launching Realty Times, Realty Times TV, cable and satellite TV shows, and numerous other ventures. I was able to catch up with John to learn a bit more about his new venture, BringitHomeCommunities.com.
The California Association of REALTORS® deserves recognition for solving one of the most significant pain points in real estate – digital forms management. When the real estate industry began the slow conversion from paper transactions to digital transactions, California led the way with the creation of a for-profit company that became zipLogix. Along the way, the National Association of REALTORS® joined CAR as an investor.
Five MLSs with a combined subscriber count of over 100,000 announced that they have pooled their resources and purchased a real estate technology company called Agent Inbox. As a result of the acquisition, these five MLSs will now have a solution that fits their mutual needs for a messaging-and-showing solution to serve their subscribers. Moreover, these five will be able to make their showing and messaging solutions available to other MLSs as a vendor.
If there is an emerging trend in broker websites today, it is collaborative search. TRIBUS had the functionality a decade ago, but really improved the product with a release announced this week called Households Collaborative Search; it is the beginning of home ownership portals. One spot for everything that includes all members of the household.
The cost of homes, heavy traffic, and high taxes and gas are driving Californians to reassess their shelter choices, now that “work from home” is probably going to be an option for most workers. At some point, California is going to need to draw back from their excessive commitments to government spending that is making the state unaffordable for so many. As always, CoreLogic brings incredible insights on these movements. I received their permission to share this article that shows what is happening.
On Tuesday of next week, eXp will be releasing their earnings. By all accounts they are expected to join their peer group and beat analyst estimates. If you look at the trends, you would say that eXp is likely to stay flat when they issue their quarterly results. Apparently, the larger looming financial influence of COVID on the market is dampening the market performance of companies who have clearly benefited from COVID. Real Estate is at an all-time record high.
Conferences are the most fundamental learning opportunities for business leaders. WAV Group was built on conferences, relationships, conversations, and sorting out the direction of each business throughout the year.