Remine pivots

Remine lays off two-thirds of sales staff a month after raising $30M

“These positions were focused on the ‘up sell’ of our agent product, and that is no longer reflective of our company’s overall strategy to serve as a partner of the MLS,” Pareja added of the terminated jobs. “Even though they no longer have a home at Remine, the people who worked in these sales roles did everything right.”
The company also announced that it was restructuring its leadership, with Pareja transitioning from CEO to president and chief financial officer Mark Schacknies taking over as chief executive.
In a conversation with Inman Friday, Schacknies said that the layoffs stemmed from Remine’s decision to focus on selling services to entire multiple listing services (MLSs), rather than trying to “up sell” individual agents.
“The internal decision was to kind of go deeper into the MLS world,” Schacknies said.

Inman News

Tough day for a lot of people. I’m hoping anyone reading this that is looking for sales people can contact Remine for what sounds like a lot of good folks.

When I heard about Remine’s MLS 2.0 product I wondered why they just didn’t fully commit to that model instead of relying on up sells. Now, It seems they’ve reached the same conclusion.

I think the future is going to very exciting, with Remine fully committing to building a next level MLS system (“MLS 2.0”) the competition in the MLS vendor space is going to get intense.