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.
Leading Real Estate Companies of the World® (LeadingRE) announced today that Michael Pappas of The Keyes Family of Companies has been elected to a two-year term as chairman of the board of directors. The board provides strategic guidance for LeadingRE®, a global network of 550 market-leading real estate firms in 70 countries.
There is that moment in an executive’s leadership life when they look around the office and think; what in the world are we doing? There is a rapid fix to getting back on track. It is the creation of three pillars that are often misunderstood: Mission, Vision, and Values. These concepts build the basis for the company road map, and they shine a guiding light on the pathway to goals-oriented success. In short, these three pillars are the foundation for clear direction.
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.
Last week, zavvie, the creators of the first marketplace for real estate agents to help homeowners see all their selling choices, announced securing a $1.75 million inside round. zavvie strategically has carved out a way for agents to remain at the center of every real estate sales transaction. Brokerages using a zavvie-powered platform – one that is often white labeled to the brokerage’s brand – can help homeowners sort through all of their choices. Most importantly, homeowners employ the guidance of a trusted professional: their real estate agent.
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.
Gone are the days when decisions can be made over months and even years. To compete effectively against the smart capital entering real estate, MLSs need to learn how to think and act like a technology company. They need to make well-informed decisions quickly with the help of technology innovators that know what it takes to deliver technology that REALTORS® value.
