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There are many pillars of change happening in the industry today, some more significant than others, driven by very different catalysts. Teamwork drives higher productivity and greater income.
For mobile apps, it’s the Apple App Store or Google Play Store. But where is the app store for everything else? Where is Amazon for real estate tech?
Strategically, the very first dollar invested in supporting your business should be spent fixing the leak of lost, repeat, and referral customers. Somehow, that focus on customers is not happening in our industry today.
In an email blast to Century 21 brokers and agents today, Century 21 released the Golden Ruler powered by ListTrac®, a reporting tool that allows sellers, agents, and brokers to see the engagement that a property is getting across the Internet.
For most people, real estate occupies the greatest percentage of family wealth – far more than investments in stocks or other wealth building accounts. Back in the 40s, my relative’s grandfather and his brother purchased a very modest two-bedroom cinderblock home in a nice neighborhood in St. Petersburg, Florida as a winter getaway. One brother ended up owning the property after his sibling and his wife passed. When the second brother passed, the property was inherited by his daughter, who is now 89 years old. She intends to either leave it to her grandchild or sell it and leave the [...]
Who is getting to the listing appointment first? Is it a traditional broker the first call for a listing appointment, or do consumers reach out to iBuyer programs like Zillow, Redfin, Keller Williams, Realogy, OpenDoor, Mark Spain, or others first?
Inside Real Estate, a leading national developer of enterprise cloud software solutions in real estate today announced that the company has experienced rapid growth in both revenue and customer adoption, garnering 150,000 users to their platform in 2018. With YoY growth at 300+% in both customer base and revenue, Inside Real Estate is one of the fastest growing technology companies in the industry.
WAV Group founding partner and RE Technology Chief Executive Officer, Victor Lund traveled to Paris again this year to share insights on the evolution of technology in America. His talk highlighted how systems automation is relieving Realtors of many routine tasks. This process is called Artificial Intelligence, which is the process of having machines do the work that humans normally do.
There is a silent battle going on in real estate search. As consumers visit multiple websites and have numerous searches saved, the website that delivers the first alert to the consumer gets the click. All subsequent alerts from other sites are rendered as old news: they’re unread and deleted. It’s only natural. Today, WolfNet announced a new service level of managing IDX data optimized for speed called Pipeline.
I have been reading articles about Zillow Group’s positioning on Upstream and the forms licensing policy of the California Association of REALTORS® with great interest. My take away is that Zillow Group is doing and saying exactly what they should be doing and saying to positively impact Zillow’s market opportunities in real estate. Remember, Zillow has industry relations people and government relations people that want to fight tooth and nail for every advantage they can get. It’s business.
One of the many ambitions under the leadership at the National Association of REALTORS® is to engage in establishing a beachhead for companies to introduce innovative new solutions in real estate. The manifestation of this strategy is the launch of a conference that will invite innovators to connect with industry leaders to foster collaboration. The conference is called iOi. It was recently brought to my attention by Chris Bennett of CoreLogic is his monthly communication. The conference takes place in San Francisco August 29th-30th.
One of the most interesting things about being an expert witness is recognizing how companies can avoid costly litigation. Zillow actually tested the courts in the case of VHT v. Zillow. The facts of the case were reported by Inman News. In summary, VHT filed for copyright on their images. The copyright was granted. VHT then provided a notification of their filing and requested removal. Zillow refused. VHT sued. The court awarded damages. I think the case is on appeal. This issue is not with Zillow or any other portal, it is about protecting the rights of copyright holders and giving privacy to families that buy homes.
