Compass is Really a Branding Agency For Agents

In the media, you hear that Compass is a traditional brokerage driven by incredible technology that gives their agents an advantage in the marketplace. Frankly, I have registered for Compass’ website and mobile apps as a consumer and have not experienced anything extraordinary yet. We will continue to watch how they evolve their technology. It takes a very long time to do this, especially if you are trying to keep up with the data integrations driven by their market growth. Compass has Ori Allon as their Founder and Chairman. He founded Orion (search algorithm company acquired by Google), and Julpan (a product that analyzes social information on social media, acquired by Twitter). We have not seen Compass reinvent real estate search or do anything that integrates advanced social integrations yet. But it is part of the founder’s DNA. I am looking forward to what they bring to market.

By |2018-08-28T05:58:55-07:00August 27th, 2018|Uncategorized|2 Comments

Real Estate Teams Influence is Powerful, Growing, Studies Shows

REAL Trends, in collaboration with BoomTown, dotloop, and ERA Real Estate, in 2016 to conduct a terrific study of real estate teams. Called The Real Estate Teams Playbook, perhaps real estate’s most comprehensive look at teams, REAL Trends said it surveyed or interviewed thousands of real estate professionals “to understand the foundation and characteristics of today’s most successful teams.”

By |2018-08-20T13:46:32-07:00August 20th, 2018|Uncategorized|4 Comments

CRMs Innovate with Coaching Integration

Customer Relationship Management platforms going through a massive revolution today, and real estate teams, agents and brokers are taking notice. Leading CRM firms are programming the stock content and action plans to align with popular coaching techniques.

By |2018-08-22T12:08:37-07:00August 20th, 2018|Broker-Agent Information, Clients, Main category|Comments Off on CRMs Innovate with Coaching Integration

Moxiworks Refutes Compass’ Claims Regarding Technology and Market Share

Wow, just saw this and just HAD to comment. It’s rare that we see brokers go at each other so publicly about their competitive claims, but I have to say this letter is pretty interesting. The real estate industry is rife with hyperbole and marketing claims. Our industry’s preference of opinion over fact is one of the main reasons I started a research practice within WAV Group. The birth of business intelligence is allowing brokerages new ways to substantiate or refute claims like the article from Moxiworks shown below. Moxiworks is using MLS data married with BI tools to refute [...]

The Best Inman Connect Moments

Flying back to Seattle from San Francisco gave me a couple of hours to reflect on Inman Connect SF. When I bumped into founder Brad Inman mid-way through the event, he looked at me and said with a proud smile and on his face and in his eyes, “It reminds you of the original Connects, doesn’t it?” It sure did.

By |2018-08-04T18:18:13-07:00July 22nd, 2018|Main category|1 Comment

Time for Vendors to Integrate With Upstream

This may be one of the most redefining moments in the history of real estate technology. Technology vendors who wish to make their products available to Upstream brokers and franchises must connect to the Upstream today. Upstream does not charge vendors to use the service.  I would like to invite you to learn about Upstream during a webinar that we are hosting on RE Technology on Wednesday, August 1st.  Because of the capacity limitations on our GoToWebinar service, we may only allow the first 1000 to register. P

By |2018-08-04T18:40:40-07:00July 19th, 2018|Main category|Comments Off on Time for Vendors to Integrate With Upstream

Inviting Peers To MLS Boards of Directors

The role of a member of an MLS Board of Director is multifaceted, but divided in part to areas around voting control, and in part around strategic guidance. A trend emerging at the largest MLSs in the nation is to invite outside directors into the board room.

By |2018-07-08T16:00:23-07:00July 8th, 2018|Main category, MLS Insights|Comments Off on Inviting Peers To MLS Boards of Directors

Zillow May Have Finally Justified Listing Syndication

Real Estate is a fickle industry, cycling back and forth from favoring buyers to favoring sellers. It does not take an economist to develop a strategy for when to advertise for buyers and when not to. Certainly, real estate is in a condition of buyer saturation today. Brokers and agents who are advertising for buyers are mismanaging their advertising spend.

By |2018-07-02T09:46:09-07:00July 2nd, 2018|Main category|Comments Off on Zillow May Have Finally Justified Listing Syndication

Top 10 Issues Facing Real Estate: What’s On Your List?

Victor Lund, founding partner of the WAV Group, and I recently returned from the National Association of Real Estate Editors Conference in Hot Vegas. 107 degrees hot. One of the hottest topics was the iBuyer, and Victor headed up a panel that took that topic head-on. Let's say it was one of the livelier sessions of the conference. The one thing I was sure of, Victor made a great impression among reporters based on the feedback he gave me.

By |2018-06-25T11:00:26-07:00June 25th, 2018|Main category|Comments Off on Top 10 Issues Facing Real Estate: What’s On Your List?

MLS Terms of Use Changes and Copyright FAQ

This post is the result of a collaborative effort amongst the Council of Multiple Listing Services, The Realty Alliance, The National Association of REALTORS®, and Larson Skinner PLLC.  Many MLSs have been making changes to the way they file copyright applications and their MLS terms of use. Those changes have raised some questions from participants and subscribers. This FAQ is intended to answer some of those questions and emphasize that the MLSs are not forcing participants or subscribers to give up ownership of listing content.

By |2018-03-27T06:00:37-07:00March 27th, 2018|Broker-Agent Information|Comments Off on MLS Terms of Use Changes and Copyright FAQ

Elm Street Technology Announces Acquisition of Agentjet

February 12, 2018 – Greensboro, NC – Today, Elm Street Technology (EST) announced the acquisition of Agentjet, Inc., a digital marketing, lead generation and technology provider for top producing agents and teams. Today’s announcement marks the fourth transaction in the company’s two-year history and provides a scalable lead generation compliment to the company’s Elevate productivity suite of technology and client servicing platforms.

By |2018-02-12T10:00:08-08:00February 12th, 2018|Press Releases|Comments Off on Elm Street Technology Announces Acquisition of Agentjet

HUNT Real Estate Buys Large Boston Brokerage

Another member of The Realty Alliance is kicking up activity on the acquisition trail. As Real Trends CEO Steve Murray has spotted, large firms are getting larger. HUNT Real Estate, the second largest ERA franchise in the world has expanded from the Upstate New York market into the Boston, MA market by acquiring ERA Key Realty. WAV Group congratulates the Hunt family and the Taylor family for opening another major demographic market area. I would expect that HUNT Mortgage and other affiliated companies in commercial, property management, insurance, and title will get added to the Boston market area. HUNT will [...]

By |2018-02-07T16:42:43-08:00February 7th, 2018|Broker-Agent Information, Main category, Press Releases|Comments Off on HUNT Real Estate Buys Large Boston Brokerage