WAV Group Releases 2024 Brokerage Technology Roadmap (4-part series)

As the real estate industry continues to evolve at a rapid pace, brokerages face the challenge of staying competitive in a landscape dominated by well-funded search portals and technology-driven firms. To help navigate this complex terrain, the WAV Group is releasing its 2024 Brokerage Technology Roadmap, offering invaluable insights for brokerages and their technology partners. In the inaugural report of this four-part series, we delve into the crucial realm of website technology – a cornerstone of modern real estate operations. Here, we identify four essential components that are instrumental in equipping brokerages to thrive amidst fierce competition:

Building Bridges: The Case for Statewide Standardized MLS Rules

Real estate agents and brokers are no strangers to the challenges posed by multiple listing service (MLS) systems operating across different regions. This was highlighted in recent results from the WAV Group Customer Experience Index survey, which revealed agents’ and brokers’ desire for consistency in rules and regulations across all MLS systems statewide.

By |2024-03-05T13:59:13-08:00March 5th, 2024|MLS, MLS Insights, Research|0 Comments

Real AI: The magic of the prompt, AI dominates Connect NY, facts, headlines and the Quote of the week

By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 4 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. The magic of the prompt There’s a secret to maximizing the effectiveness of generative AI that every real estate practitioner who uses AI must know above all else: the key to unlocking the best AI has to offer is in your prompts. This is a universal AI truth. It does not matter if you are using [...]

Real AI: Survey reveals real estate’s heavy use of AI, fast facts, five headlines, and a Quote of the Week

By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 3 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 survey reveals real estate’s heavy use, wide adoption A brand new study from real estate tech leader Delta Media shows the popularity and use of artificial intelligence (AI) in real estate has become nearly ubiquitous among America's leading real estate brokerages. Today, 75% of America's real estate brokerages already use AI technology, and almost 80% [...]

Real AI: AI free-for-all, AI gets its own keyboard key, fast facts, top headlines and Quote of the Week

Real AI: AI free-for-all, AI gets its own keyboard key, fast facts, top headlines and Quote of the Week By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 1 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. The AI free-for-all 2024 is signaling a messy year ahead for AI. Yesterday, Apple and Disney were told by the US Securities and Exchange Commission that they could not avoid shareholder votes calling for reports on their [...]

The Shifting Dynamics of Buyer-Agent Relationships in Real Estate

In the ever-evolving realm of real estate, the age-old question of whether to hire a buyer's agent is gaining renewed prominence, fueled by recent lawsuits that seek to shift compensation structures. As aspiring homeowners embark on their journey to property ownership, the necessity of engaging an agent is coming under increased scrutiny. Our latest research report, titled "How buyers feel about working with agents" delves into the services homebuyers value most and the imperative for agents to articulate the value they bring to the table in today's dynamic market.

Real AI: AI fairness is a huge hurdle, AI can’t count, fast facts, top headlines and Quote of the Week

Real AI: AI fairness is a huge hurdle, AI can’t count, fast facts, top headlines and Quote of the Week By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 18 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 fairness is a huge hurdle Of all the obstacles AI faces to continue its rocket-speed integration into our lives, the largest one it will need to overcome is fairness. In 2023, “responsible AI” became a [...]

Real AI: Fannie Mae embraces CV, Claude.ai gets better, AI facts and top headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 15 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. Fannie Mae embraces computer vision Craig Rowe at Inman News did a solid job with his recent piece on Fannie Mae embracing AI and computer vision or CV. It’s important because when Fannie Mae makes a move, the mortgage industry follows. In June, Fannie Mae announced the use of "image recognition" to detect incorrect quality and [...]

Real AI: Unlocking real estate data, ChatGPT for real estate intel, 5 facts and AI headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 14 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. Using AI to unlock real estate data Content creation continues to dominate how real estate professionals use AI. AI helps agents create better blogs, website content, flyers, social posts, listing descriptions, property photos, marketing ideas, business plans, video scripts, and more. Using AI to perfect content has become part of many real estate agents' workflow in [...]

Real AI: AI and driverless cars (or not), AI fast facts and top AI headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 12 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 driverless cars: Is AI failing the trust test? Cruise, the autonomous taxi firm backed by GM, is in trouble, The Hustle reports. This is despite the announcement by GM a couple of weeks ago that it is partnering with Honda to launch its robotaxi service in Japan by 2026. Cruise also plans to expand [...]

Real AI: 2024 The Year of AI, AI fast facts and top headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 10 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. 2024: The Year of AI The accelerated growth we are seeing and experiencing in artificial intelligence continues to be unlike any other game-changing technology ever. When it comes to Generative AI and Large Language Models, it’s just a baby about to turn into a teenager. If you think AI in 2023 has been incredible, just wait [...]

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.