What if it was easy for an MLS to raise money to develop the data services it needs and run the software its customers use?

Colette Stevenson is CEO of REsides, the premier MLS in South Carolina. Formerly known as Hilton Head MLS, REsides serves REALTORS who represent properties in both South Carolina and Georgia, maintaining the most dependable and powerful data in the marketplace. 

On this episode of Listing Bits, Colette shares the story of the rebrand from Hilton Head MLS to REsides, explaining what differentiates her team’s vision from that of the average MLS.

Colette describes how REsides is developing a new business model to address the challenge of raising capital for software development and discusses why she’s open to collaborating with MLSs anywhere in the US.

Listen in to understand Colette’s disciplined way of thinking about potential changes to cooperation and compensation—and learn how REsides is empowering agents and brokers with data in a way that keeps the industry at the center of the real estate transaction.

What’s Discussed:  

How Colette’s background in the ticketing industry informs her work at REsides

What REsides is doing to keep the industry at the center of the real estate transaction

The story of the rebrand from Hilton Head MLS to REsides

What differentiates REsides’ vision from that of the average MLS (and how being small benefits Colette’s team)

Where buyers in the Hilton Head market come from and why Colette is open to collaborating with MLSs anywhere in the US

How REsides is developing a new business model to address the challenge of raising capital for software development

Colette’s take on what keeps MLSs from making bold moves (and how REsides is overcoming it)

Colette’s disciplined way of thinking about potential changes to cooperation and compensation

REsides’ mission to empower agents and brokers with data

Connect with Colette:

REsides

Colette on LinkedIn

Resources: 

‘Atlanta’s No. 1 Broker Bought Homes for Big Investors From 600 Miles Away’ in The Wall Street Journal

Our Sponsor:

Cloud CMA for Brokers

Approximately 8 million appraisals were conducted in the US last year. By contrast, there are only 40,000 active real estate appraisers. So, it’s no surprise that Fannie Mae and Freddie Mac are exploring appraisal modernization initiatives like the desktop appraisal option.

But to make these alternatives to the traditional appraisal work, we need data in the form of an accurate floor plan. And we need it at scale.

Jeff Allen is EVP of Innovation Labs Clear Capital, a leading property valuation tech company, and President of CubiCasa, an easy-to-use app for automating the creation of real estate floor plans. On this episode of Listing Bits, Jeff explains how the barrier to entry to become an appraiser has sparked a total transformation of the industry.

He discusses his work helping GSEs test alternatives to the traditional appraisal, describing why floor plans are an essential part of ‘bringing the house to the appraiser’ and how he discovered the CubiCasa technology that automates the process. Listen in for Jeff’s insight on the copyright dispute over real estate floor plans and learn how to support the creative partnerships necessary for CubiCasa to scale.

What’s Discussed:  

How Clear Capital serves large financial institutions in the realm of property valuation

How the barrier to entry to become an appraiser has sparked a total transformation of the industry

Jeff’s work helping GSEs test alternatives to the full traditional appraisal

Why floor plans are essential in ‘bringing the house to the appraiser’

How Jeff discovered the CubiCasa tech for automating floor plans and how it works

The creative partnerships necessary for CubiCasa to achieve scale (e.g.: real estate photographers)

How the desktop appraisal option supports CubiCasa’s efforts to scale

The other major appraisal modernization initiatives coming from Fannie and Freddie

Jeff’s take on the current copyright dispute over real estate floor plans 

Connect with Jeff:

CubiCasa  

Email jeff [at] cubicasa [dot] com

Jeff on LinkedIn

Clear Capital

Resources:

10K Research and Marketing

Appraisal Subcommittee

Dodd-Frank

Desktop Appraisals

Vendor Alley

FloPlan App

Greg’s Post on FloPlan

Copyright Dispute Over Real Estate Floor Plans

Designworks Homes v. Columbia House of Brokers Realty

CMLS’s Amicus Brief on the Floor Plan Copyright Dispute

NAR’s Amicus Brief on the Floor Plan Copyright Dispute

Our Sponsor:

Cloud CMA for Brokers