Compass and Coming Soon: Not About the Client

[EDIT: This post has been updated with responses from Compass, and my further responses to those responses.] [EDIT: I have updated the post once again, with another round of clarifications from Compass Spokesperson.] This week is when NAR will decide on what to do about Off-MLS and Coming Soon. I have already written thousands of … Read more

Zillow Offers vs. Traditional Selling: Data from Zillow

Back in February, I wrote a post that is one of the top read posts of 2019. It was titled, “Homeowners Net More Selling to Zillow Than With a REALTOR.” I wrote that based on the unit economics that Zillow released in its Q1 earnings call, and I have been collecting data on Zillow Offers, … Read more

The Innate Value of the MLS? Thinking Through a Podcast from Austin Board of REALTORS

Emily Chenevert, the CEO of Austin Board of REALTORS and its MLS, ACTRIS, is one of my favorite people in the industry. We have known each other for years now from when she served as the Government Affairs Director for ABOR, and even then, I knew she was destined for greatness. Emily is smart as … Read more

Pro Tip: Words Matter, But Actions Matter More

Happy Friday everybody! With due apologies to my Ohio State fans, I confess I’d really like to see Wisconsin drub the Buckeyes tomorrow to throw the entire CFB playoff picture haywire. Wouldn’t mind seeing Arkansas shock the world either. In any event, over on Vendor Alley, the co-host of Industry Relations, Greg Robertson has some … Read more

MLS Path Forward: Further Thoughts

Those of you who attended the CMLS annual conference in Salt Lake City have already heard the presentation that David Charron and I did at the close of Thursday. Hopefully, many of you downloaded the free white paper that we released and have or will read through our ideas there. If you did not attend … Read more