Nashville, TN. – Crye-Leike Group of Companies congratulates Gurtej Sodhi on receiving the 2015 Chief Information Officer Award in Large Private Companies (501+ employees) category by the Nashville Business Journal. For Sodhi, who serves as Chief Information and Strategy Officer, Corporate Executive Vice President, this is his second consecutive year to win the award. The NBJ CIO Awards winners are the top technological executives in Middle Tennessee who are using […]

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Earnest Money Spoils The Online Transaction

by Victor Lund on August 26, 2015

The Inman Connect conference does not often have many brand new ideas. But if you look hard enough, they are there.  A year or so ago I met a company that was focused on transforming home prices to Total Cost Of Living prices (TLC Engine). This year, I met Lynn Leegard who co-founded a company called TrustFunds, with the tag line of Earnest Money Made Easy. Coincidentally, both TLC Engine […]

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Rapattoni has been the leader in Association Management Software (AMS) for decades. Historically an Association would host the Rapattoni solution, called Magic™, on hardware owned and maintained by the Association of REALTORS®. Associations did a pretty decent job of hosting, but managing hardware servers and security has become increasingly complex and expensive. Dallas based MetroTex Association of REALTORS® with 15,000 members was among the first group of five Associations to […]

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The Do’s and Don’ts of MLS System Selection

by Marilyn Wilson on August 19, 2015

MLSs are growing again. Membership is up. Agents are making money again. Life is good.  In many cases, the upward turn in the market is allowing MLSs to once again focus on evaluating their technologies to ensure they are offering the strongest tools they can. Recently we have been involved in a few system selections and I thought I would share some of our thinking about the best way to […]

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Why Millennials won’t buy Boomer McMansions

by Kevin Hawkins on August 19, 2015

Self-confession: I love surveys. Data is my kryptonite. I got hooked in my grad school stats class and I’ve never looked back. At Great Western Bank, I created the Realty Confidence Index, which surveyed face-to-face broker-owners in 23 states. At Fannie Mae, I got to pitch to reporters nationwide the most comprehensive housing surveys of its day. At Imprev, I helped craft and launch the real estate industry’s first Thought […]

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Unintended Consequences That Cause Spectacular Results

by Kevin Hawkins on August 19, 2015

I just returned, as some 3,000 other folks have, from attending Inman’s Real Estate Connect in San Francisco. For many of the industry leaders whom I spoke with, it was one of the most successful Connects that they have attended and certainly the busiest. I found myself squarely in the same camp. I discovered something incredibly special about what I think makes Inman Connect unique: It fosters the creation of […]

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DotLoop and Zillow

by Victor Lund on August 19, 2015

As far as I know, DotLoop customers were happy enough with the product and service until the announcement that the company was being purchased by Zillow. That news, along with the $108M price tag of the acquisition was the fundamental buzz at Inman Connect conference last week. About the price of $108 Million. Typically companies’ sell for a multiple of profit – 6x to 10x profit is not bad. The […]

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We have been talking about mobile in real estate for far too long now. Two years ago Trulia, Zillow, and Realtor.com all announced that mobile was passing other methods of accessing their site. As brokers began to adopt mobile solutions, the debate about mobile browser vs. mobile app went on for an eternity until everyone put down their guns and agreed that the answer is both. One of the broker […]

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1000watt nails large broker IDX strategy

by Victor Lund on August 14, 2015

Dum IDX

1000Watt Consulting wrote a post this week that is a must read. View it here – http://1000watt.net/2015/08/friday-flash-the-broken-down-lead-machine/# Brian Boero’s point is clear: “If you are a large firm with more than 10% market share – ditch IDX.” Reasons to Act This Way compromised presentation of properties raft of local competitors drafting on your listings paper brokers leverage your data with impunity relatively small number of leads that agents will probably drop […]

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Information and Real Estate Services, LLC (IRES Multiple Listing Service) is pleased to announce they are the new public listing display provider for the CREN MLS (Colorado Real Estate Network). Effective immediately, this new partnership merges the listing information from two of Colorado’s largest MLS’s onto one public site: ColoProperty.com®. “We are thrilled to assist brokers, buyers and sellers by displaying southwestern Colorado listings on our very popular public listing […]

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Broker Public Portal License Agreement

by Victor Lund on August 11, 2015

WAV Group is providing consulting services to the Broker Public Portal project. This project seeks the collaboration of MLSs and Brokerages in developing a national MLS consumer-facing website that adheres to the Fair Display rules for property search. Since starting the project in January, the company has developed and filed its LLC governance, elected the board of managers, and is running three parallel projects. The first two projects include Brand […]

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CoreLogic Purchases LandSafe Appraisal

by Victor Lund on August 10, 2015

I always thought that it was a bit incestuous for Bank of America to own LandSafe Appraisal. I could never understand how they could use their own appraisal company and insure an arms length loan transaction. Soon, LandSafe will be part of CoreLogic. LandSafe is an appraisal management company that employs about 500 appraisers and operates a Qualified Appraiser Network of independent appraisers. LandSafe was a wholly owned subsidiary of […]

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Tim Business

AUSTIN, Texas – Aug. 3, 2015 – Today, the Austin Board of REALTORS® (ABoR) announced the appointment of Tim Dain as Multiple Listing Service Director. A seasoned MLS executive, Dain brings a unique combination of experience to ABoR, including leading a regional MLS, where he oversaw significant growth for the MLS; working as a REALTOR®, both as an agent and a broker; working in information technology outside the REALTOR® organization; […]

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REDPLAN™ Announces New Board Members

by Victor Lund on July 30, 2015

Scottsdale, Ariz. (July 30, 2015) – REDPLAN™, Inc., the real estate information industry data protection association, announced today that two more industry leaders have joined its Board of Directors: Chris Galler, Chief Executive Officer of the Minnesota Association of REALTORS®, and Victor Lund, founding partner of WAV Group and CEO of RE Technology. REDPLAN’s Board of Directors is now comprised of: Gregg Larson, Clareity Security Claude Szyfer, Strook, Strook & […]

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Good things are happening with the IDX rules from NAR.  As many of you know, IDX or Internet Data Exchange are the policies that allow brokers to provide the complete inventory or listings available in their area on broker websites.  These policies have been in place for some time, but thanks to the great efforts of Leading Real Estate Companies of the World, these policies have been overhauled to make […]

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Is Zillow A Great Broker?

by Victor Lund on July 23, 2015

Zillow is not a broker. Well, technically they are registered as a brokerage in many states and hold brokerage licenses, but they do not market themselves as a brokerage. The point is that they provide a lot of broker-like support for agents that are noteworthy and remarkable. There are plenty of brokers who can take a page out of their book and improve their business. Specifically, brokers can learn from […]

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Who’s incubating your eggs? I recently read an article about today’s modern poultry business. I was struck at the parallels between the real estate business and the poultry business and how both industries have changed with new technologies and automation. I was most fascinated to learn that the behavior of hens has changed with automated egg incubators: Hens have learned that they no longer need to lie on their eggs […]

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Respond to the Threats That may Kill Off Your Business

by Marilyn Wilson on July 23, 2015

NAR has launched a new program called the D.A.N.G.E.R. report. The goal of the interactive program is to help every brokerage, MLS and Association think through some fundamental threats and changes that may be coming to our industry.  The program is well put together and brings up some significant issues that may change the game of real estate forever. WAV Group has a suggested path for Brokers, Associations and MLSs […]

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Listing ownership: Whose grass is it anyways?

by Kevin Hawkins on July 23, 2015

“Who owns the listing?” appears to be a never-ending debate in real estate, despite a recent court case that certified the broker owns the listing and the MLS can protect it. Somehow there remains this belief among some incredibly intelligent people in the industry that real estate agents do the work, so they own the listing content. They do not. This has never been the case, and unless an agent […]

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Partnership set to move historic project forward with strong identity and message Arroyo Grande, CA – July 23th, 2015 – The Broker Public Portal Project, a partnership between real estate brokerage firms and MLSs across the country aimed at creating a better, simpler digital home search for consumers, has selected 1000watt as the agency that will create the “BPP” brand identity and message. The BPP project has attracted widespread support […]

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