Why Small Firms and Tech Companies Should Be the Focus of Brokerage M&A
In markets where two brokerages are struggling to meet transaction minimums, a small business merger could be a magic pill. Here's why.
11 Cutting-Edge Ways Real Estate Brokers Can Use AI Today
This article was originally posted on retechnology.com. Artificial intelligence (AI for short) is arguably one of the biggest trends in real estate — and beyond — in 2023. What’s truly amazing is how fast the industry has figured out how AI can be used in real estate. Agents and brokers are using it for different tasks that would ordinarily take a person hours, if not longer. RE Technology hosted a webinar on Tuesday, September 19, with Liz Sturrock, the Chief of MLS and Innovation at Miami REALTORS(R). Sturrock’s job is to stay apprised of both risks and the opportunities when [...]
Remembering LA Times reporter Dave Myers
The caller ID on my cell displayed the name of a friend of 30+ years who calls randomly, and I always answer. This time, the news was unfortunately sad. A friend and business colleague we had known for decades had passed away. Dave Myers, former real estate reporter for the Los Angeles Times, died at 62 years young. Another dear reporter friend, Ralph Bivins, editor of Realty News Report, noted that Dave shared in Pulitzer Prize wins for team coverage of the 1992 riots and the 1994 Northridge earthquake. Dave Myers with NAREE friends on a trip to Napa [...]
Real AI: MBAs vs. ChatGPT, NYT and DALL-E 3, and Crazy-Scary Deepfakes
By Kevin Hawkins with Korey Hawkins Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. Innovation Challenge: MBA students vs. ChatGPT – Who wins? The Wall Street Journal earlier this month featured a terrific story by Christian Terwiesch and Karl Urich, testing how good AI is at creating new ideas. Terwiesch and Ulrich are professors of operations, information and decisions at the Wharton School of the University of Pennsylvania. Their hypothesis: that when it comes to “identifying opportunities [...]
Compass Impressively Launches CompassAi
The focus of Compass AI is to improve productivity and effectiveness of Compass agents so they can spend more time developing client relationships — resulting in higher satisfaction of agents and customers.
MLS Touch Mobile App from CoreLogic Hits 1 Million Subscriber Milestone
There are lots of great features in MLS Touch, but the two that separate the application from others in the marketplace are integration with the client portals in MLSs, along with being parcel centric.
Navigating the 2024 Recession: Balancing Cost-Cutting and Growth Pursuit Strategies
While cutting costs is crucial for immediate survival, strategically pursuing growth can position companies to emerge stronger in the post-recession landscape.
CRMs are Sloppy, Details Make the Difference
These sales tools can work, but it is the broker/agent’s job to go into every template email, format and test the work.
Real AI: Green Catch-22, AI Webinar, and The Creator (ugh)
By Kevin Hawkins with Korey Hawkins Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. AI and the Green Catch-22 Among the biggest risks that AI faces on its trajectory to impact nearly every aspect of our daily lives before we know it is the Green Catch-22. The paradox: On the positive side, AI has the potential to tackle the environmental impact of humans, from dramatically improving energy efficiency and reducing waste to increasing farming yields [...]
How Does the Offer of Buyer’s Compensation Impact Broker Recruiting?
Know your worth and understand that the percentage of broker dollars is highly impacted by the commission offered by the seller to the listing and buyer’s agent.
AI tied to CRMs is the first big wave
Do you hear that buzz? AI this, AI that? There is a lot of activity swirling around artificial intelligence, but also a lot of questionable noise and hyperbole mixed in with a few scare tactics. Some real estate agents may be wondering if this is just another Web3-NFT-cryptocurrency craze thing that will disappear if they ignore it. The answer from nearly every leading Tech CEO is a resounding – no! But agents are correct. AI is not going to replace them. However, real estate agents who don’t use AI are more likely to be replaced by agents who do. And [...]
Navigating Multiple Bids and Fair Housing: Insights From WAV Group’s Latest Survey
Recently, WAV Group conducted a survey targeting individuals who embarked on the journey to purchase a home. This survey aimed to explore their experiences in the context of Fair Housing. Here are some preliminary findings from the study, with the complete results are available in the Fair Housing Survey Report now avaialable.