Companies Are Not Designed to Merge

WAV Group has participated and observed the mass amounts of merger activity that has hit a high pitch in 2016. It is happening at all levels of our industry – agents merging into teams, brokers merging into mega brokers, Association of REALTORS® mergers, and MLS mergers. Based upon our work schedule for Q1 of 2017, this trend does not seem to have any ebb in sight. WAV Group will facilitate more M&A activity in Q1 than any other quarter in our firm’s history. Company founders and Boards of Directors are often not open-minded about mergers. The first reaction to a [...]

By |2018-05-03T21:22:59-07:00January 3rd, 2017|Main category|Comments Off on Companies Are Not Designed to Merge
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Hacker Connect Agenda Released

WAV Group is excited to sponsor Hacker Connect. If you want to get the most out of Inman and you are in the technology side of the real estate industry. You want to attend this one day event on Monday before the full conference. Note: You can attend this for one day, or send your technical staff for one day without doing the entire conference. Connect is one of my favorite conferences in the industry for scheduling meetings with clients and leaders in our industry. It’s a conversation that is stimulated by counterpoint. Inman Connect breads thesis and antithesis in [...]

By |2018-05-03T21:22:59-07:00December 29th, 2016|Broker Technology Research|Comments Off on Hacker Connect Agenda Released
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Send Your Techies to Inman Hacker Connect

WAV Group is sponsoring Inman Hacker Connect. It is a one day conference for your product managers and technology staff. For this group of constituents, this may be the best one day event of the year. Our sponsorship does not pay the whole fee, but we are paying for a lot of it. Please take advantage. Reasons to Send Them Technology is always changing, but real estate technology is going to have a revolution in 2017 with the widespread availability of the RESO Web API and other APIs. Today, there are only a handful of technology firms developing around our [...]

By |2018-05-03T21:22:59-07:00December 20th, 2016|Main category, MLS Insights|Comments Off on Send Your Techies to Inman Hacker Connect
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3 Lessons Learned From My 20-Year Addiction with Holiday Lights

  A business colleague and friend sent me a text the other day with a link to a television news story on CLAP – Christmas Lights Addiction Problem. It was a tongue-in-cheek text, but Paul knows that for the last 20 years, I have gradually increased my annual light display to become one of the most visited Holiday spots on Bainbridge Island, a short ferry ride from downtown Seattle. In fact, when he texted me with a link about this group, I texted him back that I was heading home to climb up on the roof to hang more lights. [...]

By |2018-05-03T21:22:59-07:00December 20th, 2016|Main category|Comments Off on 3 Lessons Learned From My 20-Year Addiction with Holiday Lights
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Keep Your Board Members Up To Speed for as Little as $12 Each

As we end 2016, now is a great time to sit back and reflect on the best ways to help prepare your association for the inevitable evolutions and revolutions the real estate industry may experience next year. Do you sometimes feel like your Board of Directors and key staff are out of touch with what’s really happening in the real estate industry today? Do you sometimes feel a bit isolated and would like to know if other organizations are facing the same challenges you are? MLSs, Associations and Boards that do not stay close to trends can enforce outdated rules [...]

By |2018-05-03T21:22:59-07:00December 20th, 2016|WAVes of Change|Comments Off on Keep Your Board Members Up To Speed for as Little as $12 Each
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What Will DocuSign Payments Mean for Real Estate?

The ability to set recurring payments through DocuSign Payments is coming and will be a boon to the leasing, event space rental and other industries. DocuSign Payments will also support ACH and Electronic Check Payments in the future which will be a perfect fit for Earnest money deposits. As the industry standard for eSignature, DocuSign offers a major contribution to real estate. There are two major forms companies that provide services to the industry – ZipForms® and Instanet Forms ™. In the case of Instanet®, they offer Authentisign ™, in the case of ZipForms, agents have a choice to use [...]

By |2018-05-03T21:22:59-07:00December 20th, 2016|MLS Insights|Comments Off on What Will DocuSign Payments Mean for Real Estate?
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2017 Housing, Economic Outlook from Boots on the Ground

It seems in real estate, the same handful of economists are always making the news about their annual housing predictions. Then mortgage interest rates jump a full percentage point practically overnight, and all of them scurry to readjust their predictions. Starting 2012, in the fall, Imprev real estate’s leading marketing automation firm has conducted a survey of top real estate executives: broker-owners and real estate franchise C-level leaders (CEO, COO, CMO, CTO, etc.), to get their perspective on what they think will happen in the economy in 2017. We keep hearing from the Generals, but if you really want to [...]

By |2018-05-03T21:23:00-07:00December 20th, 2016|Suveys and Research|Comments Off on 2017 Housing, Economic Outlook from Boots on the Ground
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What Is Ahead for Consolidation, RESO, Upstream and Broker Portal

2016 has been a great year for real estate. On many levels we see the entire industry rethinking. Giving credit where credit is due – this is an initiative that was powered by the National Association of REALTORS® - but morphed into many other things. Consolidation 2016 saw the most rapid consolidation of MLSs and Associations in history. WAV Group worked on many of them. The common drive is the notion that there are “too many MLSs and Associations.” But what we learned from deeper investigation through services reviews and satisfaction reviews is that there were “too many ineffective MLSs [...]

By |2018-05-03T21:23:00-07:00December 20th, 2016|Broker Technology Research, MLS Insights|Comments Off on What Is Ahead for Consolidation, RESO, Upstream and Broker Portal
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Four Brokerage Leaders Join RESO Board of Directors

For the past three years, the most impactful development in real estate technology has been driven by the Real Estate Standards Organization (RESO). This nonprofit entity defines how MLS information is formatted for use by agents and brokerage. For years, this board of directors was mostly led by a combination of MLS executives and technology vendors. However, with today’s announcement you can see that brokerage involvement has reached its highest level. But that’s not all, other new executives from many of America’s largest and finest MLSs have also volunteered to step up and participate in guiding RESO into 2017. Executive [...]

By |2018-05-03T21:23:00-07:00December 15th, 2016|Press Releases|Comments Off on Four Brokerage Leaders Join RESO Board of Directors
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John Aaroe Group of Los Angeles Merges With Pacific Union

John Aaroe Group of Los Angeles has entered into a merger agreement with Pacific Union.  The combination of the two firms will bring them in line with both Alain Pinel Realtors and RealtyONEGroup, two other California based firms in the National top 10 with sales in the $12 Billion range. John Aaroe Group will retain all of its branding and management. John Aaroe Group is one of the leading independent firms on the west side of Los Angeles with more then 400 agents across 9 offices in the communities of Pasadena, Downtown LA, Toluca Lake, Studio City, Sherman Oaks, Baldwin [...]

By |2018-05-03T21:23:00-07:00December 14th, 2016|Press Releases|Comments Off on John Aaroe Group of Los Angeles Merges With Pacific Union
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5 Behaviors That Develop Culture In Your Brokerage

Real estate brokers often talk about their culture. The odd part about the conversation is that the culture a brokerage has is often developed by happenstance, without intention or effort. Often, when WAV Group measures the attributes of a brokerage culture, we learn that it is people based. Simply stated, they like their manager or the broker without much understanding as to why. Ergo, culture is typically a popularity score. However, there are certain behaviors that will directly develop culture in your business if you make them an intentional behavior of your leadership. How ya doin’? The most common greeting [...]

By |2018-05-03T21:23:00-07:00December 13th, 2016|Broker-Agent Information, Main category|Comments Off on 5 Behaviors That Develop Culture In Your Brokerage
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Imprev Study Shows Real Estate Leaders’ Outlook for Housing, Economy Softens for 2017

Who really has the pulse of the U.S., World, State and Local Economies? Those with boots on the ground versus those sitting in Ivory Towers, I’d argue. That’s why I look forward to Imprev’s annual study that examines the confidence that the top real estate broker-owners and executive management at franchises have in the housing market next year. There have been 240 responses this year from leaders who run brokerages that together, are responsible for one of every two home sales transactions in the U.S. It’s the most comprehensive study of real estate industry Thought Leaders, and it has shown [...]

By |2018-05-03T21:23:00-07:00December 7th, 2016|Reports, Suveys and Research|Comments Off on Imprev Study Shows Real Estate Leaders’ Outlook for Housing, Economy Softens for 2017
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