Where Real Estate Gets Its Dirt

Shonda Paul joins Black Knight

Looks like industry vet Shonda Paul has joined Black Knight. She will be leading the charge for the new Paragon Connect MLS platform. Previously Shonda spent over 20 years at CoreLogic. Congrats to Shonda and Black Knight!

OC PropTech Mixer was a huge success

Thanks to everyone who made it last night. We had over 30 people representing some of the greatest companies in the space:

First American

Instashowing

RentSpree

RPR

Buyside

Lone Wolf

Follow Up Boss

Realogy

Sisu

CRMLS

Compass

ListReports

And a few more…

Good for the soul.

Looking for a new gig?

Member Services Representative – FMLS

The Membership Services Representative (MSR) acts as an overall relationship manager for FMLS members who are generally real estate Agents & Brokers. The MSR is responsible for training members, leading relationships with local REALTOR® Associations, convincing new Brokerages to join, working to maintain & improve high customer satisfaction, and ensuring customer retention across a defined geographic territory.

An FMLS MSR acts as our primary company liaison and “quarterback” for customer communication & engagement within an assigned territory.

Experience in Real Estate technology, training, sales, and relationship management is ideal.

Head of Industry Relations – Compass

“As the Head of Industry Relations at Compass, you work on exciting matters that require proactive guidance in the real estate industry. You are a part of a talented in-house legal and industry relations team overseeing projects and relationships that challenge you to think creatively and constructively. These projects will focus on data expansion and sourcing as well as building and managing relationships with industry partners around the country. You are energetic and collaborative — ready to partner in initiatives that influence all aspects of Compass’s business and work with employees across the company. Your contributions will be impactful, value-driven and you will play an instrumental role in the Compass direction and positioning internally and externally.”

The find out about these jobs, or post a job, please visit the Vendor Alley Job Board.

#jobboard

Industry Relations Episode 66: What if Mandatory Compensation Goes Away?

Realogy caused a kerfuffle earlier this month when the real estate industry learned, in unsealed court filings, that brokerage president Ryan Gorman is opposed to NAR’s mandatory compensation rules. 

What’s behind Gorman’s stance on compensation? What does it mean for the MLS if the rules change? How would it impact brokers and agents?

On this episode of Industry Relations, Rob and Greg discuss how the value of the MLS would shift in the absence of mandatory compensation, looking at Northwest MLS as a case study around what happens when compensation is optional.

Rob predicts government regulations to eliminate the possibility of steering and Greg reflects on how the conversation around compensation might change in a buyer’s market. 

Listen in to understand why optional compensation favors big brands and find out what MLS boards, brokers and agents should be doing to plan for a world where compensation is optional. 


What’s Discussed:  

What’s behind Realogy’s opposition to mandatory compensation rules

How the value of the MLS would shift in the absence of mandatory compensation

How compensation is optional at Northwest MLS but most offer it anyway

What buyers’ agents would lose by getting booted from the MLS

The prevalence of steering and why Rob predicts regulations to eliminate the possibility 

Greg’s take on how the conversation around compensation might change in a buyer’s market

Why optional compensation privileges bigger brands (and hurts small, independent brokerages)

How compensation works in the world of commercial real estate 

Why MLS boards should prioritize investments in data and technology


Connect with Rob and Greg: 

Rob’s Website

Greg’s Website

Resources:

‘Realogy Calls on NAR to Eliminate Commission-Sharing Requirement’ in Inman

‘Agents Slam Realogy’s Call to End Mandatory Nature of NAR Participation Rule’ in Inman

Rob’s Post on Realogy’s Stance Against Buyer Agent Compensation

Rob’s Red Dot Report on CoStar’s Entry to Residential Real Estate

‘Conflicts of Interest and Steering in Residential Brokerage’ in the American Economic Journal


Our Sponsors: 

Cloud MLX

Notorious VIP

Andrew Strauch joins CoStar

Looks like Andrew Strauch has joined the team at Homesnap taking on the role of Vice President, Product Strategy. I worked with Andrew while he was at Bright MLS for many years. Super curious about CoStar’s big reveal this year. Congrats on the new gig!

Lisa Larson joins Restb.ai

Sheeeees back!

California Association of REALTORS expands partnership with Lone Wolf

California Association of REALTORS® partners with Lone Wolf to expand leading technology suite for members

OfferPlace is an offer management system that works within Transactions (zipForm Edition), saving agents time by importing offer details or listing data directly into a transaction. Transactions (zipForm Edition) itself is a complete transaction management system, preloaded with the C.A.R standard forms, templates, and cloud storage to keep documents secure and organized. iMessage enables agents to share transaction PDFs, forms, and listings directly from an iPhone and captures all shared items in the transaction history. Coming in April 2022 for C.A.R. members is LionDesk, real estate’s leading CRM, which transforms lead generation and relationship building with AI lead follow-up, video email and texting campaigns, stylish landing pages, and more. These tools simplify the real estate experience for agents and their clients by replacing painstaking processes with digital actions that take mere moments.”

Great deal for C.A.R.’s 210,000 members.

Orange County PropTech Mixer is next week!

Pretty stoked about the response I’ve been getting for this event. We have a lot of great people attending and I’m looking forward to catching up with everyone. If you are in town I hope you can join us. We have a limited space on the patio reserved for us and just a few tickets left!

Register => Orange County PropTech Mixer

CoreLogic Acquires Prospects Software

CoreLogic Acquires Prospects Software to Deliver Advanced Customer Engagement Tools for Real Estate Professionals

“Prospects is complementary to our Real Estate Solutions business. Prospects’ software tools are already integrated with CoreLogic’s market leading Listing Management Platform (Matrix) and Property Insights Platform (Realist®). This acquisition is a natural next step as we develop industry leading capabilities that streamline workflow for real estate professionals and further our mission to help people find, buy and protect the homes they love,” said Devi Mateti, Managing Director, at CoreLogic.”

Congrats to Charles and his team and CoreLogic.

Celeste Starchild gives the Red Pill to podcaster

Great interview. I love how expertly Celeste counters Mr. Mulrenin’s narrative, even when he asks the same question over and over again, but in the end, he genuinely seems enlightened.

Sponsored By MLS Reset