“Excited about this one! The MLS innovation trend has been a popular topic for awhile now. Looking forward to interviewing Katie Smithson about REcore, a tech focused initiative from CRMLS. Join us for a lively and informative chat!”
Via PRESTA
Link to register: https://us06web.zoom.us/…/631…/WN_0fjU4EmFR8C6nfrv1swi3A
“We place a premium on choice when deciding what technology we offer our subscribers,” said John Holley, CEO of NTREIS. “And we were impressed to see that Paragon Connect allows users to do business anytime, anywhere, and from their preferred device. The flexibility and ease-of-use made Paragon Connect an easy choice for us.
NTREIS plans to make Paragon Connect available for its subscribers in early 2024.”
Chalk up another POC deal for Black Knight. I’ve written before of the strategy behind this for both MLS organizations and MLS vendors. The trick will be if any of these POC deals can peel off users from the primary MLS system.
“We’re thrilled to partner with RentBase and extend its rental management services to our many agents and brokers,” said Annie Ives, CEO of The MLS™/CLAW. “Rentals have become increasingly important in today’s market, but there is a lack of efficiency and transparency in the rental market. RentBase will help our agents overcome these barriers by managing and nurturing all their rental data and transactions, and converting renter leads to home sales.”
Another tool/solution I written about a lot is ways for agents to expand their business away from just homes for purchase to rental and property management. I think today’s real estate agent should be focused on “housing” not just one sliver of that pie.
There are many good tools in this space. I missed this press release from last month. RentBase caught my eye about a year ago. They are basically a CRM for rental leads and some other features. Noaam Blum is just the kind of founder I like, someone who built something that scratched his own itch. Check ’em out.
“Restb.ai AI services will be fully integrated into FMLS’s CoreLogic Matrix™ platform and CoreLogic OneHome™ client collaboration portal. Recently recognized as an Inman Innovator, Restb.ai’s generative AI will automatically extract data insights from property photos to streamline the listing input process. Using this same technology, once integrated, homebuyers can upload a photo in OneHome and search for listings with desired features, introducing a new dimension in property search.”
Two things I don’t think can happen fast enough for listing data are floorpans and image tagging. Both have challenges to implement. I feel like I’ve been writing and advocating for both for a few years now. And happy to see this type of progress on both efforts.
While the article talks about many of the use cases for image tagging I don’t think we know what the killer application of this tech will be yet. Sure ADA compliance is a good thing and yeah image match sound promising. But I still think there is something more here that will only be discovered by playing around with it and now because of this partnership it seems that they finally have the chance.
How it started…
The commission suits are headed to trial. What happens after that?
“In a session called, “Life After the Megalawsuits,” industry blogger, podcaster, and entrepreneur Greg Robertson put the risk to the industry at a 3 on a scale of 1 to 10.
“I have a bet … that this stuff will be settled by the end of the year,” Robertson told attendees, acknowledging that his view might be an outlier among the crowd.”
Andrea Brambila for Inman News
How’s it going…
Anywhere settles bombshell Sitzer and Moehrl commission lawsuits
“Real estate franchisor Anywhere Real Estate has reached a settlement with the plaintiffs in the two bombshell lawsuits that have the potential to shake up how real estate agents nationwide are paid.”
Andrea Brambila for Inman News
If I win this bet I’m going to become unbearable.
SentriLock Celebrates 20Years as Official Lockbox Solution of the National Association of REALTORS®
“SentriLock began when Scott Fisher, founder and CEO of SentriLock, with his partners, was working on improving the existing lockbox solution used by real estate agents. As the first working prototypes were being assembled, NAR made the decision to respond to member dissatisfaction of having only one lockbox solution and purchased majority interest in SentriLock. SentriLock and its new lockbox made its debut at the NAR Leadership Summit in August 2003 and, with its return to the Summit this year, SentriLock celebrates 20 years as the NAR’s official lockbox solution allowing REALTORS® to “Unlock their potential”.
Scott’s contribution to the industry goes even farther back to PC Access, which was an earlier competitor of mine (Lightning -Easy MLS Access) in the pre-internet days. Many years later Scott and I had a chance to sit down at lunch and talk about the old days of VT-100n, Moore Data, PRC, and BORIS. Congrats.
NORTHWEST MULTIPLE LISTING SERVICE PRESIDENT & CEO ANNOUNCES RETIREMENT
“The opportunity to be the president and CEO of NWMLS is the highlight of my professional career,” Hurdelbrink said. “We have seen quite a lot of industry changes in the past 15 years, and the organization has come through it all stronger and even more committed to be a leading resource for our members. It has been my honor to work with outstanding staff, board members and member firms to elevate the profession and ultimately better serve consumers.”
-NWMLS
An amazing 15 years at the helm. NWMLS has been ahead of many of the changes going on in the industry and that’s no coincidence. Tom has never been one to grab the spotlight but always working on behalf of his members and the industry at large. His humble leadership will be missed. Congrats Tom, and happy trails.
MLS Director – San Antonio Board of REALTORS(R)
“San Antonio Board of Realtors (SABOR) is seeking a highly motivated and forward-thinking individual to take on the role of MLS Director. As the MLS Director, you will be a key leader, providing direct oversight of the MLS department and fostering a culture of teamwork and collaboration within the team.”
To find about this job and more please visit the Vendor Alley Job Board!
From Real Estate News, Bright MLS to allow $0 buyer broker commissions
“Bright, which serves a major portion of the Northeast, announced on its website that starting Aug. 9 it will allow users to put in a blanket offer for buyer brokers — including an offer of zero dollars. Previously, the lowest allowed amount was one cent, so it is a very small change in terms of dollars and cents, but a significant one in terms of transparency, Bright contends.
“We are making this small change to underscore the complete flexibility of Bright subscribers to engage in transparent negotiations with their clients,” Bright noted in the announcement.”
Times they are a-changin’
