Upstream, the MLS, and the Unspoken Truths

I’ve been meaning to write this ever since the end of CMLS Kansas City two weeks ago, but have been on the road working on tremendously exciting stuff… that I hope to be able to talk about more in a couple more months. This is more of a “think-out-loud” piece, so for those who want to think … Read more

On Project Upstream (Part 3): The Enabling Platform

In part 1 and part 2 of this series, I laid out my concerns with Project Upstream as it is currently structured, and a path forward in which Upstream becomes part and parcel of the MLS system. As I mentioned in those posts, the technology to do this is not science fiction. It exists today, … Read more

NBER Study: Conflicts of Interest and the REALTOR Commission Puzzle

Yesterday, I gave a presentation at the Pacific West Association of REALTORS Broker Summit which I named “Bring the Pain”. To be fair, I ask all my speaking clients whether they want the Light, Medium, or Heavy and PWR picked heaviest of the heavy. One of the things I mentioned was a recent Working Study … Read more

Short Friday Post: What If the Industry Yanked All Their Listings?

I recently found this post on GeekEstate, which was from a while ago, that asked a provocative question: There are some proponents for the entire industry ceasing syndication entirely (specifically to Zillow). The thinking is generally “with no listings, Zillow would become irrelevant and lose all their traffic, all that traffic would frequent agent/broker websites, and the result would be … Read more

On Project Upstream (Part 2): The Path Forward

In Part 1, we discussed why Project Upstream as currently setup is problematic, despite the goals of Upstream being absolutely worth pursuing. In this part, I go more into offering solutions. Had I been involved with Upstream earlier on, this would have been my advice, but then, nobody asked me. 🙂 Basically, my take is that … Read more

The Future of Real Estate, According to Zillow

A couple of weeks ago, I wrote a post about Zillow’s acquisition of Dotloop, and offered the following under “The Long Game”: Over the long haul then, those who are working with Zillow, leveraging that end-to-end data, and managing the lead-to-contract-to-close lifecycle most efficiently will do more business, make more money, and drive competitors out of … Read more

On Project Upstream (Part 1): Great Concept, Problematic Execution

At the Inman Connect conference that just wrapped up, there was a “town hall” on a variety of topics featuring industry thought leaders like Marilyn Wilson of the WAV Group, Mark McLaughlin of Pacific Union, Joseph Rand of BHG Rand Realty, and Katie Maxwell of Intero. One question I asked was about Project Upstream, the recently … Read more

Zillow Acquires Dotloop – I Chat With Errol and Austin, and Have Initial Thoughts

https://www.youtube.com/watch?v=SGbScr_4G0Y Earlier today, Zillow announced it was acquiring dotLoop, the popular real estate transaction management platform company. The terms of the deal were not disclosed. The press release is here: Zillow Group (NASDAQ:Z), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and Web, today announced it has … Read more

How Many REALTORS Actually Support NAR's Policies?

This is (hopefully) a brief post, inspired and triggered by something I saw on Facebook today. My friend Lisa Heindel, a broker in New Orleans, wrote up a post dealing with REALTOR.com’s partnership with AirBnB. It appears that a number of people in NOLA are not particularly happy with AirBnB, and Lisa isn’t too thrilled … Read more