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So far Victor Lund has created 1299 blog entries.

Did you miss RESO, RETS Standards, and You: News from the RESO Certification Front?

MLS data services for brokers, agents, and their technology providers are changing at a very rapid pace. The RETS Standards that are used by an estimated 97% of IDX and VOW solutions are converting to the RESO Web API. Being informed about this conversion is vital to the effective management of data feeds. WAV Group Partner, Victor Lund is joined by CEO of the Real Estate Standards Organization, Jeremy Crawford as he discussed the challenges and opportunities he’s hearing first-hand from brokers and technology vendors as they move toward receiving standard feeds. Did you know that RESO certification must be [...]

By |2018-05-03T21:22:44-07:00July 13th, 2017|Main category|Comments Off on Did you miss RESO, RETS Standards, and You: News from the RESO Certification Front?
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Zillow Protects Broker Data

WAV Group supports brokers and MLSs in constructing data licensing agreements with users of data records that belong to the broker. When a company like Zillow ingests broker data, likeZILLOW340x230 all recipients, they must adhere to the data license agreement which typically requires that you cannot allow the data to be used by a third party. The blog McMansionHell.com is learning the hard way that using data from Zillow without proper authority is a copyright violation that Zillow will pursue. Not only will Zillow pursue the violation, but they may be contractually bound to pursue the violation. The media around the case is [...]

By |2018-05-03T21:22:44-07:00June 28th, 2017|Main category|Comments Off on Zillow Protects Broker Data
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BrokerSumo Launches Integration with SkySlope

June 27, 2017 – For Immediate Release: BrokerSumo, a leading back office, commission management and accounting platform for real estate brokerages and agent teams today announced a new integration partnership with SkySlope. The partnership brings together SkySlope, an industry leading transaction management platform with BrokerSumo to make the process of managing and closing out transactions simple. The integration allows BrokerSumo customers to pull their SkySlope transactions seamlessly into BrokerSumo eliminating double entry of data, the potential for human errors when entering data and making the contract to close process more efficient. “Having SkySlope and BrokerSumo integrated has further automated our contract to [...]

By |2018-09-10T13:39:48-07:00June 27th, 2017|Press Releases|Comments Off on BrokerSumo Launches Integration with SkySlope
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Zillow is a Broker – So What?

“Berkshire Hathaway Home Services, NRT, Redfin – all brokers. Do brokers drop out of IDX because they are selling homes in their market? Brokers share their listings with these large firms everyday. If Zillow joins the list, what’s the diff?” This is the conversation starter that an investment banker had with me today. I appreciate having conversations with people in the capital markets. Bankers see the world differently. They believe that markets shape themselves and that great companies lead markets. Perhaps Zillow Group has its heart in its current service offerings today. The company protests against becoming a brokerage, but [...]

By |2018-05-03T21:22:45-07:00June 21st, 2017|Main category|Comments Off on Zillow is a Broker – So What?
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Instanet Solutions Releases New TransactionDesk® App

Austin, TX – June 19th, 2017 – Instanet Solutions has officially released the new TransactionDesk App for iOS devices. The new TransactionDesk App is free to all current TransactionDesk users. The new TD App enables users to manage all of their listing, sales and lease transactions from their phones or tablets. With the TD App you can keep in touch and communicate with clients, share documents, create and fill in forms, prepare and send documents for eSigning and send documents for remote approval to ensure transactions are completed and finished on time, every time. All of the same functionality currently available [...]

By |2018-05-03T21:22:45-07:00June 20th, 2017|Press Releases|Comments Off on Instanet Solutions Releases New TransactionDesk® App
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Broker Public Portal Announces Seven New Board Members

Arroyo Grande, CA, June 15, 2017 – For Immediate Release: The Broker Public Portal (BPP) is a thriving real estate industry initiative that is delivering benefits to about half of all real estate professionals in America today. The company expresses its gratitude for those who have served as leaders and welcome seven new members to its Board of Managers. “It is an honor to serve with so many great leaders of our industry to develop this company, and I am grateful for the time and commitment given by each of my colleagues that are stepping down from the board. I am [...]

By |2018-05-03T21:22:45-07:00June 15th, 2017|Press Releases|Comments Off on Broker Public Portal Announces Seven New Board Members
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Did Zillow® Open the Door to Their Own Demise?

One of the greatest philosophers of all time was Georg Wilhelm Friedrich Hegel (1770-1831). For brevity, let’s call him Hegel and be thankful to the University of Berlin where he lectured. I will suspend with the deep philosophy I learned in college and summarize Hegel as the author of a triad of historical development referred to thesis, antithesis, and synthesis. In our observation, the MLS is the thesis, Zillow® is the antithesis, and what happens next will be the synthesis. Moreover, I will argue that Zillow may have opened the door to their demise with the Instant Offers™ test. Thesis [...]

By |2018-05-03T21:22:45-07:00June 14th, 2017|Main category|Comments Off on Did Zillow® Open the Door to Their Own Demise?
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MLS Industry Veteran Tom Beede to Retire in July

We will miss you Tom!  There’s nobody that keeps the industry honest and accountable like you do!         Congrats to Bill and Bob and the rest of the team too! SACRAMENTO, California – Tom Beede, President, CEO and CFO of MetroList Services, Inc., has announced his retirement after more than 32 years of service with MetroList and over 40 years in the MLS industry. His retirement is set for July 14, 2017. “MetroList has been very fortunate to have such a visionary leader at the helm,” said Wayne Rose, chairman, MetroList Board of Directors. Prior to joining MetroList, [...]

By |2018-05-03T21:22:45-07:00June 14th, 2017|Press Releases|Comments Off on MLS Industry Veteran Tom Beede to Retire in July
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Google Local Guides Are Great For Real Estate

  If you remember the rage about FourSquare years ago, its coming back again. But this time, Google is leading the way to create local experts and Google Maps is the platform. So set up your account on Google Local Guides and get going! If you participate a lot, (hit 50 reviews), you will be highlighted as a top reviewer on Google Maps for Apple’s iOS and Android. Why?   Well, that is only something that you can answer. Like so many other social media strategies, it needs to be something that you enjoy doing. Also, consider this – Google Maps is [...]

By |2018-05-03T21:22:45-07:00June 13th, 2017|Main category, Marketing|Comments Off on Google Local Guides Are Great For Real Estate
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Big Data Can Drive Bigger Broker Margins

WAV Group spends a lot of time consulting with brokers on how to re-margin their business. We published a paper in 2013 called Harvesting Business From Broker Data.  That paper characterized the methods that we developed with a number of brokers to harvest business from across the enterprise of title, mortgage, residential, relocation, insurance, commercial, and property management businesses. It has worked very well for many brokers to recapture repeat transactions and new business though cross sell. In many ways, the rethinking that went into the thesis around harvesting business across the enterprise was the first intellectual break from the [...]

By |2018-05-03T21:22:46-07:00June 9th, 2017|Broker Technology Research, Broker-Agent Information, Strategic Planning|Comments Off on Big Data Can Drive Bigger Broker Margins
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Paragon Partners With Zillow For MLS Features

According to a news release today, Black Knight Financial Services, developers of the Paragon MLS system and has partnered with Zillow for data management tools. Zillow purchased Bridge Interactive last year, a company that is well known for RETS servers (Contact) and listing input modules (Compose) for MLSs. As part of the alignment between the two companies, the release states that Zillow will be providing the technology to aggregate data from all of the hundreds of markets into Zillow’s data repository which Black Knight calls Property Information Central (PIC). This new system will act as the solution that will provide [...]

By |2018-08-12T08:02:37-07:00June 7th, 2017|MLS Insights, Press Releases|Comments Off on Paragon Partners With Zillow For MLS Features
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Can Luxury Real Estate Learn From Luxury Clothing?

Customer experience is the cornerstone of luxury purchases. Buying luxury yachts, jewelry, clothing, cars, restaurants……you name it – its always different. Now lets look at the other side of the coin. Have you noticed that retail in your downtown area is dying? Have you noticed that malls are struggling? Macy’s, Target, Walmart, Gap, Nike and so many other retailers are struggling. The silent voices are the small, non-chain merchants, commonly known as the mom and pop retailers. When is the last time you went into an independent toy store? The consumer has gone online, and Amazon is the category killer. [...]

By |2018-08-11T03:11:33-07:00June 6th, 2017|Main category|Comments Off on Can Luxury Real Estate Learn From Luxury Clothing?
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