MLS Insights Archives

A Brief Quiz: What Type of Executive Are You?

When you are confronted with potential change to your organization, do you believe you are a “big picture” thinker or a wall builder? True leaders understand how resisting necessary change is never the right option. What type of leader are you? I recently had a conversation with an MLS/Association executive that made me realize how strong some of our leaders are, as well as how short sighted others are. This particular MLS executive who oversees a fairly good-sized organization with over 5,000 members brought up the issue of sharing data with another MLS. It really wasn’t the specific reason we [...]

By WAV Group|2018-05-03T21:25:10-07:00March 8th, 2012|How to Make Strategic Planning Really Work in your MLS, Main category, MLS Insights, Strategic Planning|1 Comment

NAR Will Face Its Greatest Foes

Our industry, and every industry faces foes. Some foes that challenge industries are ideological, some economical, some ethical, and some natural. Certainly, the real estate industry faces each of these foes today. Who will be the leader that guides the people, the agents, the brokers, the association executives, the mls executives? Remember this leadership statement? “Let every nation know… that WE shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, to assure the survival and the success of liberty.” More than any political speech, this was the voice of a committed leader. In [...]

By Victor Lund|2018-05-03T21:25:11-07:00March 8th, 2012|Broker-Agent Information, Main category, MLS Insights|Comments Off

NAR and Ann Bailey saved us with CIVIXX

Real Estate agents, brokers and MLSs have plenty to complain about today. Real Estate is in a challenging cycle representing a blend of customary challenges with economic cycles that are beyond our control. When the National Association of REALTORS announced the CIVIXX settlement at Convention for the healthy sum of $7.5 Million to settle the patent lawsuit, the industry was a bit surprised. Many thanks to the nation’s league of MLSs who participated in funding the $7.5M bounty. Most MLSs also received significant contributions from their MLS vendors like LPS, Corelogic, FBS, Rapattoni and others. We all owe gratitude to [...]

By Victor Lund|2018-05-03T21:25:11-07:00March 6th, 2012|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|Comments Off

MLS and Brokers need community managers

Like many others in real estate, I’ve spent the last few days devouring the new brand timelines launched for Facebook pages. This new medium is the focus of this article, but consider other publishing requirements in business today as you read this: website publishing, youtube publishing, twitter, etc. My expectations were sky-high but after several hours I realized that Facebook timeline is going to be a lot harder to implement than most real estate professionals think. As it stands now, there is a clear divide between brands that have adopted the timeline feature set full on and those that have [...]

By Victor Lund|2018-05-03T21:25:11-07:00March 6th, 2012|Broker Technology Research, Broker-Agent Information, Main category, Marketing, MLS Insights|Comments Off

Sami Inkinen step up to Trulia Board of Directors

When Sami Inkinen and Pete Flint founded Trulia – they had a great vision. One that has been realized, perhaps beyond their expectations. Now that the company has established itself, it is morphing into a different kind of company. Today, Trulia announced that co-founder Sami Inkinen will step aside from his day-to-day role of President (Operations) and join the Trulia Board of Directors. They have brought on a strong management team over the past under the leadership of CEO Pete Flint. In the wake of the announcement, the Executive Team at Trulia will look like this. […]

By Victor Lund|2018-05-03T21:25:13-07:00March 1st, 2012|Main category, MLS Insights|Comments Off

Top MLS trends for 2012
Gallery
Top MLS trends for 2012

Main category, MLS Insights

Top MLS trends for 2012

WAV Group is among the ranks of consulting and research firms dedicated to the success of the Nation’s MLSs. Given the company’s involvement at the strategic planning level, there are several developing themes being nurtured. The top six trends are: Listing Syndication Premium Service Offerings MLS Consumer Websites Online Signatures Data Licensing Data Sharing […]

By Victor Lund|2018-05-03T21:25:13-07:00March 1st, 2012|Main category, MLS Insights|Comments Off

MRED sends data directly to Trulia

Midwest Real Estate Data LLC or MRED is the MLS of the Chicago region of Illinois. They are the MLS Provider to around 40,000 real estate professionals. In a press release today, Trulia announced that MRED will feed listings directly to Trulia, bypassing Listhub, Point2 and other listing syndicators. “Listing syndication has contributed to a mess on Trulia and all other sites who get their data second hand, on behalf of our brokers, MRED is going to fix it” says Russ Bergeron, MRED CEO. There has been a great deal of discussion in the real estate industry about syndication to publishers. Today, [...]

By Victor Lund|2018-05-03T21:25:13-07:00February 29th, 2012|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|1 Comment

CoreLogic not breaking into pieces

If you are a stock watcher of the leading companies supplying services to the real estate industry, you have been watching CoreLogic. Since the spin out from First American, the company has been tremendously successful in terms of overall revenue and cash position, but the stock has underperformed. At one point, the stock was as low as $7.64 per share over the past 52 weeks. The high was $19.20, and the target is around $16. The company currently trades at $14. For a company that has $250 Million in cash, a market cap of $1.53B is really low. Some of [...]

By Victor Lund|2018-05-03T21:25:14-07:00February 28th, 2012|Main category, MLS Insights|1 Comment

Why Innovation Fails To Change Real Estate

Every year, real estate sees the launch of beautiful products, offering awesome features, advantages, and benefits. Excellent marketing programs back them and the press creates a jubilee – Innovator of the Year! Then the product launches, and the industry shrugs its shoulder. It is the conundrum of new product development and innovation for real estate. Most of these companies are doing everything right. They are doing research, spotting trends, holding focus groups, testing usability, and modeling lovely financials. If they can only get 1% adoption of this, or 3% of that, revenues will be awesome. There are 1 Million real [...]

By Victor Lund|2018-05-03T21:25:14-07:00February 21st, 2012|Broker Technology Research, How to Make Strategic Planning Really Work in your MLS, Main category, MLS Insights, Product Management, Strategic Planning, Suveys and Research, Technology Evaluation|9 Comments

MLS iPad apps have NOT gone far enough yet

Recently, WAV Group has completed several customer satisfaction surveys from around the country in the Southwest, Mid-West, Southeast and Mid-Atlantic regions. In every case there has been a lot of discussion and requests for more MLS access via smartphones and especially for iPads and other tablet devices. While many MLSs think of their iPad application as a property search tool, agents want their MLS iPad apps to go much further than that. Even for those that have launched Tablet solutions, there are two major areas of dissatisfaction that MLSs need to address to make mobile MLS applications truly useful for [...]

By Marilyn Wilson|2018-05-03T21:25:14-07:00February 19th, 2012|Main category, MLS Insights, Suveys and Research, Technology Evaluation|3 Comments

GLVAR hires longtime association leader Nelson Janes as CEO

LAS VEGAS – The Greater Las Vegas Association of REALTORS® (GLVAR) announced today that it has hired seasoned real estate association executive Nelson Janes as its new chief executive officer. Janes, who previously ran the Sacramento Association of REALTORS®, expects to start work at GLVAR on May 7. He was hired after GLVAR leaders conducted a national search to replace Irene Vogel, who is retiring after guiding the association for nearly 30 years. Devin Reiss, chairman of GLVAR’s CEO Search Committee, said Janes “brings extensive experience building successful associations and REALTOR® programs, considerable experience as a legislative advocate, expertise in [...]

By Marilyn Wilson|2018-05-03T21:25:14-07:00February 15th, 2012|Main category, MLS Insights, Press Releases|Comments Off

Illinois Bans Real Estate Agents

Catchy headline. What the State of Illinois is doing is similar to what Colorado, New Mexico and possibly other States have already done. All real estate agents will need to become real estate brokers to retain their license. Brokers who manage agents will need to become Managing brokers. Oh, and did I mention that the state licensing fees go up 83%. Many view this move simply as a way to tax professionals. Illinois real estate agents have until March 15th to complete the training (15 hours) and take a competency test to meet new rules. By the way, the 83% [...]

By Victor Lund|2018-05-03T21:25:14-07:00February 14th, 2012|Broker-Agent Information, Main category, MLS Insights|3 Comments