Where Real Estate Gets Its Dirt

RE/MAX Settles…2 down 3 to go?

RE/MAX settles buyer broker commission lawsuits for $55 million

“The Settlement resolves all claims in the Lawsuits and similar claims on a nationwide basis against RE/MAX … and releases RE/MAX and the Company, their subsidiaries and affiliates, and RE/MAX sub-franchisors, franchisees and their sales associates in the United States from the Claims,” the SEC filing reads.

“By the terms of the Settlement, RE/MAX agreed to pay a total settlement amount of $55.0 million … into a qualified settlement fund. In addition, RE/MAX agreed to make certain changes to its business practices.”

Brooklee Han for Housing Wire

Once again, if I’m proven right about the lawsuits being settled, I’m going to be unbearable. 😈

Trestle™ from CoreLogic® [Sponsor]

My thanks again to CoreLogic for sponsoring Vendor Alley this month.

Trestle™ from CoreLogic® provides everything you need to manage the licensing and distribution of listing and property data. Trestle is purpose-built to serve the needs of all kinds of data consumers, from small brokers and local partners to the largest technology vendors and national aggregators. 

If you want to find out more, CoreLogic has put together this resourceful website.

Industry Relations Podcast: Navigating the Realogy Settlement

Are you up-to-date on the Realogy Settlement? Rob and Greg discuss the settlement between Realogy and the Department of Justice, and explore potential second order consequences. Rob and Greg explore how this settlement can potentially affect major players in the real estate industry.

Watch us on YouTube!

Connect with Rob and Greg: 

Rob’s Website

Greg’s Website

Our Sponsors: 

Notorious VIP

This podcast is produced by Two Brothers Creative 2023.

Listing Bits Episode 82: Jeremy Henley of QuikFix

Dealing with things that come up during a home inspection is a challenge for all involved in a real estate transaction. 

But what if there was a way to get an accurate quote for home repairs in seconds? And then connect with licensed contractors who are available to do the work now?

Jeremy Henley is Founder and CEO at TheQwikFix, a proptech platform that leverages AI and predictive modeling to generate a quote for repairs based on the home inspection report.

On this episode of Listing Bits, Jeremy explains how his experience as a real estate investor inspired the creation of TheQwikFix and why contractors love getting work from its marketplace.

Jeremy describes who manages the process of using the platform to do home repairs, discussing how buyers can leverage TheQwikFix quote to negotiate—and then follow through on the repairs they care about after closing.

Listen in to understand why TheQwikFix doesn’t have issues with contractor availability and learn how Jeremy’s service makes life easier for contractors, buyers, sellers and real estate agents!

What’s Discussed:  

How Jeremy’s background in sales and cybersecurity led to founding a proptech startup

Jeremy’s experience as a real estate investor and how it inspired the creation of TheQwikFix

How TheQwikFix software generates a quote based on the home inspection report

Why contractors love getting work from TheQwikFix marketplace

The combination of AI and human confirmation TheQwikFix uses to generate a quote

Who manages the process of using TheQwikFix to do home repairs

Why contractors are willing to accept TheQwikFix’s binding quotes

How TheQwikFix does most of its business in SoCal but its service is available nationwide

How buyers can leverage TheQwikFix to negotiate and then complete repairs after closing

Why TheQwikFix doesn’t have issues with contractor availability

What Jeremy’s team is doing to help TheQwikFix stay top-of-mind with agents

The potential for TheQwikFix to handle ongoing home maintenance/repairs or remodels

Connect with Jeremy Henley:

TheQwikFix

Jeremy on LinkedIn

Jeremy on X

Resources:

TripIt

Expensify

1000watt

Webinar: Learn about MLS solutions powered by RECore

“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

Realtor.com partners with Lone Wolf to add Cloud CMA integration to its new “Listing Toolkit”

New integration connects Realtor.com®’s Listing Toolkit and Cloud CMA by Lone Wolf.

Lone Wolf teams up with Realtor.com® to bring exclusive buyer reports to over 500,000 real estate agents

“Realtor.com®‘s Listing Toolkit, which is currently available for purchase across the country, helps agents win and sell listings, from elevating their brand to sellers and identifying matching buyers to promoting listings leveraging Realtor.com®‘s consumer audience. The integration with Cloud CMA means mutual users can add several premium report pages to their CMAs, including Realtor.com® reports with insights into matching buyers and buyer demand to showcase deeper market intelligence to prospective sellers.”

Via PR from Lone Wolf

This was one of the last things I worked on before I left Lone Wolf, and probably the most exciting.

Adding buyer demand data to Cloud CMA reports was just a no-brainer. Doing a listing presentation and ending with, “and I have 5 buyers I could contact right after this that are looking for a house just like yours” is a great way to help agents win more listings.

A couple of things to note. First I was super proud Realtor.com had chosen Cloud CMA. I was told they did a ton of research and in the end it was super obvious that Cloud CMA was the best choice to add as a partner. This is not only a testament to the product itself but all the MLS organizations that have supported Cloud CMA for so many years. Also, I was super impressed with design and development team at Realtor.com. The men and women on these teams were some of the best designers and collaborators I’ve ever worked with. Many thanks to Mohammed, Faisal and the rest of the team.

Lastly I just love the level of partnership here between these two vendors. Having been a part of the process I know that it took a little give and take, but ultimately both sides can be really proud of the work.

NTREIS chooses Paragon MLS connect

NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS INC. SELECTS PARAGON CONNECT MLS FROM BLACK KNIGHT AS A PLATFORM OF CHOICE FOR SUBSCRIBERS

“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.

Hire me to speak at your next event/meeting

Looking to someone to give an Industry Update or moderate a panel at your next board/leadership meeting or strategic planning session? 

Or maybe give your members a fun and entertaining way to learn about your most popular member benefit?  Hire me to speak at your next meeting or event! 

I can customize an Industry Update to your leadership or give my “Listing Presentation Magic” presentation to your agents.  Just click here to let me know what you are looking for.

“This is why you go to conferences!”

Jack Miller, CEO of T3 Sixty via LinkedIn:

“Our consulting team is in hundreds of conversations every month with brokerage leaders, team leaders, and executives in our industry – and there is no way to sugar coat this, there is a malaise over part of the industry right now.

Many people that would normally engage, show up to things, be present – they are simply not there.

This has been evidenced heavily by attendance at the late summer conferences that kick off the fall conference season. Attendance is 30-50% down, which in many respects, is not surprising.”

Go read the whole thing.

Trestle™ from CoreLogic® [Sponsor]

My thanks again to CoreLogic for sponsoring Vendor Alley this month.

From start to finish, Trestle™ from CoreLogic® provides everything you need to manage the licensing and distribution of listing and property data. Trestle is purpose-built to serve the needs of all kinds of data consumers, from small brokers and local partners to the largest technology vendors and national aggregators. 

If you want to find out more, CoreLogic has put together this handy dandy website.

Sponsored By MLS Reset