Ten Years From Now – The Future of Real Estate and Everything
I am bullish on humanity making the right decisions, but most of all, I am willing to give up certain freedoms in exchange for allowing technology to blossom as a contributor to humanity.
Where is the Real Estate App Store?
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?
Help Me, Don’t Sell Me – Future of IDX
Consumers do not want to be sold, and they do not want to be treated like a lead in a lead funnel. They are trying to discover a home for their family.
Sam DeBord Becomes RESO CEO
The evolution of data management standards has been driven by generous contributions of the best minds in real estate technology, shepherded by Jeremy Crawford over the past two years. Today, WAV Group welcomes another great leader to RESO, Sam DeBord. His credentials are outstanding. The RESO announcement is important because MLS systems in America are the platform for data management in real estate. Since its inception, MLSs found their own path to creating data schemas, like data payloads, data fields, and data business rules. As brokers and agents have evolved their application diversity in their business from property search [...]
Stop focusing on GCI and start Focusing on Success-Driven Activities
There is a lot of noise in real estate right now – brokerages are worrying about a host of external factors beyond their controls - Compass and its latest set of acquisitions, whispers of a recession, bad weather keeping buyers away from Open Houses etc. While we always have to keep our eye on the industry and economy, it’s more important to keep your eye on something much closer to home that you CAN control that WILL have a REAL impact on your business. Many brokerages closely watch transaction closings and Gross Commission Income (GCI). Both are very important metrics, [...]
MLS Improvement Requires Broker Support
There is a progressive MLS leadership group that is fighting on behalf of brokers to make dramatic improvements in data management that needs broker support for their efforts. The group is called MLS Roundtable, made up of eight MLSs representing 300,000 brokers and agents. In an article published this week called Measuring Success for MLS Executives, Kathy Condon, President and CEO of Massachusetts regional MLS PIN scribes an eloquent synopsis of the status of migrating data feeds from the RETS transportation method to RESO Web API. She urges the industry to move forward quickly and responsibility. They need brokers to support the effort by encouraging more MLSs to focus their attention and treasury to RESO Web API adoption.
Why do so Many Brokers Think TECHNOLOGY is the Way to WIN?
It seems like every week we’re hearing about a new announcement from a large brokerage or franchise telling us they are spending millions on technology and re-positioning their brand story around their technology suite.
Buyside Makes It Real
If you know anything about Hunt Real Estate Corporation, you know that they are a family owned and operated brokerage with high integrity and a fierce approach to competition. Since 1911 they have been a market leader in upstate New York, cities like Buffalo, Niagara Falls, Rochester, Syracuse, Albany, and the many Southern Tier communities that border Pennsylvania. They recently expanded into the Boston marketplace though a significant acquisition. We have known the Hunt family since Marlyn and I lived in Orchard Park, NY. We became friends though our interactions at The Buffalo Club and The Country Club of Buffalo. At the time, Marilyn ran marketing at Fisher-Price and I was spinning up my first start-up companies.
Are Brokerages using BI Visualization Tools?
In talking with various people inside brokerages, I hear the same challenge time and time again. "My data is all over the place and I have no way to figure out what it means." Driving information out of your data is Business Intelligence (BI). There are free or low-cost solutions to help analyze data in your control and derive the answers needed to make better business decisions.
Flashback Feature 2006: Craig Newmark is the Internet’s Reluctant Mogul
This Flashback Features series unearths profiles from the past of real estate and technology leaders. A version of this story was first published in California Real Estate magazine. This profile of Craigslist founder Craig Newmark is from 2006. By Kevin Hawkins Craig Newmark, the Internet’s reluctant mogul, makes his daily visit to Café Reverie in the Cole Valley neighborhood of San Francisco. He has dog biscuits in his pockets and a ready smile for the next little child that he encounters.
myPlanit Receives First Ever 5-Star Product Rating from Inman
WAV GROUP has gotten acquainted with myPlanit and it's CEO Adrienne Meisels. Adrienne is a fantastic person who is super smart and developing a very creative application that lets agents look at a map to see the places they have gone (like listing appointments, open houses, etc) and visualize their journey on a timeline. It's a lot more than that, but you can appreciate how this example would benefit an agent. Adrienne uses the term The Internet of You. myPlanit does the work for you by privately and securely tracking the things that you do, for you. Inman News gave [...]
MoxiWorks to deliver LeadingRE Cloud Data Services Ahead of Big Franchises
In an announcement made to their membership, Leading Real Estate Companies of the World® (LeadingRE) have entered into a definitive agreement with MoxiWorks® to provide LeadingRE Cloud™ to their 565+ brokerage members. The solution is called LeadingRE Cloud. Franchises and networks like LeadingRE have been providing data services for their brokers over decades. No doubt, the most notorious version is the legacy CREST system at Realogy Holdings Corporation®. Keller Williams® CEO, Gary Keller has kicked off a Billion dollar investment in technology. RE/MAX® is in a process to buy a company or outsource to a vendor. Berkshire Hathaway Home Services® has [...]