NAR getting negative feedback on #RPPSI

RPPSI, or REALTOR Party Political Survival Initiative got off on the wrong foot, so far. What NAR is trying to do as an advocate for REALTORS and property owners is admirable, but the execution of the strategy will need to improve if the initiative is to find success. They are getting almost 100% negative feedbackfrom the members on thier website. It breaks my heart to see NAR fail when good guidance in Washington is desperately needed. I learned about #RPPI on Twitter. A nice blog post that summarized the initiatives was found on the Arizona REALTORS blog here. From there I registered [...]

By |2018-05-03T21:25:45-07:00April 10th, 2011|Broker-Agent Information, Main category|Comments Off on NAR getting negative feedback on #RPPSI
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Point 2 Announces New Syndication Partners

Point2 Announces 11 New Listing Syndication Partnerships Associations and MLSs leveraging Point2 program to enhance broker security San Diego, - April 07, 2011 - Online real estate marketing solution provider Point2 (www.Point2.com) announced  today that it has completed the technology implementation and market rollout of its listing syndication and real estate broker and agent product line co-marketing program with 11 additional real estate Multiple Listing Service (MLS) organizations and associations. The new implementations bring the number of syndication partners served by Point2 in North America to nearly 240. The Point2 program, launched more than two years ago, plays an increasingly critical role [...]

By |2018-05-03T21:25:45-07:00April 7th, 2011|Main category, MLS Insights|Comments Off on Point 2 Announces New Syndication Partners
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Federal Government passes GSE Reform measures

The bills approved by the Capital Markets Subcommittee are: H.R. 1223, the GSE Credit Risk Equitable Treatment Act. The legislation, introduced by Capital Markets Subcommittee Chairman Scott Garrett, helps clarify the risk retention rules required under Section 941 of the Dodd-Frank Act to make clear that Fannie Mae and Freddie Mac will be held to the same standards as any other secondary mortgage market participants.  A GSE loan purchase or asset-backed security issuance would not affect the status of the underlying assets. The legislation was unanimously approved with a vote of 34-0. H.R. 1221, the Equity In Government Compensation Act. [...]

By |2018-05-03T21:25:45-07:00April 7th, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off on Federal Government passes GSE Reform measures
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Director of Product Management Position Available

WAV Group has been commissioned to help one of the leading real estate software companies in the United States hire for a newly created Director of Product Management position located in Orange County, California. The ideal candidate for this position will be an enthusiastic individual that possesses that rare but valuable mixture of intellectual curiosity, business acumen, marketing savvy, technical proficiencies, strong communication skills, and attention to detail.  They will be able to drive a team to rally around a vision of a platform that uniquely meets the needs of real estate consumers and real estate practitioners better than its [...]

By |2018-05-03T21:25:45-07:00April 5th, 2011|Main category|Comments Off on Director of Product Management Position Available
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Listing Syndication 2.0

WAV Group is releasing this thesis to establish a conversation about how listing syndicaiton can be improved to allow third party websites to continue their effective job as a marketing tool for broker listings. We welcome your comments. To begin downloading the paper with our compliments, please click here  

By |2018-05-03T21:25:45-07:00April 5th, 2011|Broker-Agent Information, Main category, MLS Insights|Comments Off on Listing Syndication 2.0
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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|Comments Off on MRED to help consumers afford homes in the Chicagoland area
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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|Comments Off on QRM – not to be confused with QR
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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|Comments Off on Council of MLS released their annual benchmarking study today
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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|Comments Off on Jeffrey Wheeler steps down from President and COO of Coldwell Banker United
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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|Comments Off on Roost to share real estate lessons with other professionals
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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|Comments Off on LPS Real Estate Group launches new website by 1000Watt Consulting
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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|Comments Off on Book Review – the Thank Your Economy by Gary Vaynerchuck
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