The Notorious POD Ep 19: Prof. Scott Hemphill on Antitrust Issues in Real Estate

I interview Prof. Scott Hemphill, Moses H. Grossman Professor of Law at NYU School of Law and co-director of the Engelberg Center on Innovation Law and Policy. There aren’t many human beings who would be a better expert to speak to regarding the various lawsuits in the real estate industry. We discuss the various class … Read more

The Notorious POD Ep 18: Agent Teams, Zillow, Competition with Jeff Sibbach and Phil Sexton

In this episode, I speak with Jeff Sibbach and Phil Sexton of the Sibbach Team in Phoenix, AZ. We talk about the realities of today’s real estate, how top agent teams are functioning today, and why he believes Zillow is in fact a competitor. We get into a lot of issues including data, IDX, competition … Read more

Q3/2020, Redfin, Realogy, eXp: Tide is High

Q3 was by all measures a bangin’ quarter, as my wife Sunny might say, for most of the companies in residential real estate. I already wrote about Zillow’s amazing Q3 results, and I thought I would tackle the three major brokerage companies (sorry, Fathom, I’ll get to you as well eventually) that are publicly traded. … Read more

Revisiting My Theory of Real Estate Brokerage

I’m writing this on Sunday night, because there was something tickling the back of my head all week as I was thinking about Zillow’s announcements. That itch got scratched in part because of my friend Phillip Cantrell’s post on LinkedIn (which I have reposted with permission here) which answered one piece of the puzzle. Another … Read more

Redfin vs. Realogy: The Key Trend Beneath Different Results Q2/2020

I’ve decided to change up how I go about analyzing the quarterly earnings reports from the five public companies in residential real estate. Part of it is that I’ve started a new investor-focused set of products and services (contact me if you want more information) but the other part is that the old way of … Read more

Will A Few Teams Dominate All Markets?

I realize writing has been light because of travel, and because of Inman Connect that just finished last week. My apologies, but I hope to put some thoughts down before my next roadtrip. Now, I didn’t attend any sessions because, well, #lobbycon for one and meeting after meeting for another. But what I’ve heard from … Read more

Some Questions About KWRI’s Virtual Brokerage

Two things. First, I’ve been busy with my September Red Dot, so I missed this news when it was announced: KW to launch virtual brokerages for expansion business owners. According to Inman News: During last week’s Keller Williams Mega Camp, a company retreat for select Keller Williams leaders, Keller Williams CEO John Davis said the … Read more

Dual Agency in the News: Horiike v. Coldwell Banker Goes to CA Supreme Court

I’ll be honest. I didn’t know about this critical case on dual agency in real estate, originally filed in 2014. The case is Horiike v. Coldwell Banker and in all likelihood, most of you already know about it being the Best Informed Readers in Real Estate. But a reader sent the case to me along with … Read more

Thoughts On Re-engineering the Real Estate Sales Process

A couple of weeks ago, I ran across an interesting little book review/think-piece on realtor.org, the official site of NAR, called Re-engineering The Real Estate Sales Process. I’ve been too busy to sit down and think about it, but have a bit of time this morning, so thought I’d get into it a bit. This … Read more