August 2009

Go Green and Be Safer too!

by THE WAV GROUP on August 13, 2009

The EPA has just released a study that confirms it is safer, not to mention cheaper to drink tap water than bottled water.  There is less scrutiny placed on health standards and reporting for bottled water than tap water. Now here’s a great way to be safer, save money and Be Green in your real estate office all at the same time. Instead of buying cases of bottled water for your office, why not buy a Camelbak water bottle for all of your agents and encourage them to be healthy and hydrated with their very own branded water bottle. You can purchase them for as little as $6.40 per bottle.  They make great green gifts for clients as well. If you cannot afford plastic water bottles for everyone, how about just using tasteful glasses for your agents and clients.  They can make a nice impression and cost pennies in comparison to plastic water bottles. For other tips about how to save money while going green download our white paper MakeMore Green by Going Green.  

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MRIS and MRED to launch RE Technology product portal

by THE WAV GROUP on August 13, 2009

RET Logo

In a move to facilitate quality product information about real estate software and services to thier subscribers, MRIS and MRED have selected the portal solution from RE Technology.  By offering the RE Technology portal to thier subscribers, MRIS and MRED will allow thier members to gain access to product vendors by category, product reviews, user product ratings and product comparisons all in one location. Technology vendors are invited to submit thier products for display in the portal by visitingretechnology.com   installed into MLS systems allowing agents and brokers to gain access to information, reviews and product ratings of real estate technology products available in their market.  The website is similar in concept to popular consumer websites like ConsumerReports.com or CNet.com.  Visitors to the site will be presented with product reviews and a directory of companies offering services to the real estate industry.  Although the website will offer public access at RETechnology.com, the core distribution strategy for the website is to embed it into MLS systems nationwide. This will offer technology companies the best possible exposure for their products and services and become a member benefit to MLS subscribers. The company’s first installations into MRIS and MRED will build an agent community of nearly 100,000 subscribers at launch.  Commitments from other MLSs will enable the portal to reach an audience of more than 600,000 MLS subscribers. Real Estate professionals do not have a single destination to learn about technology products today.  Real Estate technology vendors do not have a national marketplace to inform agents and brokers about their products and services.  MLSs and Associations would like to provide their members with a resource for finding technology tools and services that improve the process of brokering real estate transactions.  RE Technology meets all of these needs. RE Technology is announcing their first MLS installations will be with Metropolitan Regional Information Systems (MRIS®) and Midwest Regional Data (MRED®).  MRIS is the largest MLS in the nation providing real estate information service for about 55,000 real estate professionals in the Mid-Atlantic region, MRED provides service for about 42,000 real estate professionals in the Chicago area.  According to Bud Fogel, CEO of MRED, “RETechnology.com is great for MLS subscribers and helpful for our industry.  There are literally hundreds of vendors offering services to MLS subscribers, but all of us are lacking a service to present vendor products in a way that makes it easy for […]

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Big turn around at Move

by THE WAV GROUP on August 10, 2009

Realtor.com Logo

In 2008, Move, Inc reported $61.4 Million in sales and reported a net loss of $2.1 Million.  This year, under the strong leadership of former Ask.com CEO Steve Berkowitz – Move, Inc is now posting $3.2 Million in profit in the second quarter of 2009 against lower revenues of $54.6 Million.  Sales are down, but profits are up! “During the quarter, we continued to make solid progress toward both our short term business objectives and our long term growth strategy,” said Steve Berkowitz, Move’s CEO. “While we remain focused on improving the financial and operational performance across our product lines in the current economy, I’m pleased that we have begun the process of better integrating all our businesses, which we anticipate will have a positive impact on our future performance. Over the past few months, we began combining sales, product and administrative functions across the company, enabling us to better focus our efforts on leveraging our key assets, addressing areas of the business that need to be changed, and expanding our capabilities in other areas that will drive our future growth.” Move’s Adjusted EBITDA (earnings from continuing operations before interest, taxes, stock-based compensation and charges, depreciation, amortization and other non-recurring charges) on a non-GAAP basis for the second quarter of 2009 was $7.1 million, compared to $5.7 million for the second quarter of 2008. The Company has reported Adjusted EBITDA because management uses it to monitor and assess the Company’s performance and believes it is helpful to investors in understanding the Company’s business.  

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Google launches real estate search portal

by THE WAV GROUP on August 10, 2009

Google has expanded their search strategy by adding in a new search option: Real Estate. As you may recall, Google first launched their property search solution by placing a quick search bar above the search results for key words like ‘san francisco real estate.’  That search functionality was always demarked with the term ‘beta’ and now seems to have gone away.  We suspect that it may have deminished advertising revenues.  Here is a video demonstrating Google’s new strategy.  Map based search and natural language search seem to be providing better results than typical form based searches – something to keep in mind when you approach your next website.  WAV Group helps Brokers and MLSs develop their online web strategy – be sure and contact us for information.

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At noon today, Real Estate Business Solutions (REBS) announced a partnership with Seek Mobile to form a new company called Real Estate Mobile Technologies.  The new company will develop consumer and REALTOR mobile applications. REBS, a subsidary of the California Association of REALTORS will be the majority shareholder of the new corporation, and the current applications like MyCAR will be rolled into the new company according to CEO, Alan Arora.  

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