It was reported today in Overseas Property Professionals that a group consisting of Immobel, NAR, FECEPAC and others are collaborating on a project to create an international MLS system for Central America. LANDMARK DEAL CREATES INTERNATIONAL MLS FECEPAC, Immobel, NAR, FNAIM, Central America, Caribbean, MLS, portals, Google, Enormo, ICREA, Worldproperties, A landmark agreement is to create an international multiple listing system (MLS) for Central America, bringing the concept of a genuinely global listings exchange a step closer. Through a deal with real estate technology provider Immobel, the Central American and Caribbean real estate association, FECEPAC will make its members property [...]

Move Inc, the operators of REALTOR.com and a list of many quality products and services to the real estate industry has had a rough ride.  In total, they have lost over $2 Billion dollars in their history, and were profitable for two years.  On the surface, this sounds like pretty poor performance, but nothing could be further from the truth.  They have accomplished some outstanding milestones and could be close to hitting a home run.  All of the ingredients are in place.  They have the largest consumer audience with strong advertiser support, the most data, and significant agent/broker sales revenue. Music streaming company Pandora faced [...]

MLS of Choice has been with us for a while now, but has not created any landscape changes in the MLS industry. WAV Group has had the opportunity to observe the behavior of agents in two divergent situations in California.  CARETS and CalREDD. Hypothesis:  Agents don’t care about the MLS system.  They care about selling homes, the service they get from their MLS, and the relationships they have with the organizations offering them services. Case 1 - CARETS Data Share - 100,000 agents in the Los Angles and points south now can freely choose from a variety of REALTOR Associations [...]

If you are running an MLS, REALTOR Association, or real estate brokerage, you need to begin to read the Inside Facebook Blog.  It will allow you to keep up with trends so that you can consider your company’s Facebook strategy moving forward. Today, the average Facebook user is 26.  But that is rapidly changing and moving in the direction of the core audience for Real Estate.  According to Inside Facebook, the fastest growing user group is women over 55 (up 175% since Q4 of 2009).    Of course, where the women go, the men will thankfully follow:-)  The second fastest [...]

A few weeks ago we took an RE Technology staff member to Disneyland for her birthday.  She is in her 30s and had never been.  We all had a blast, even in the cold and the rain. As a consultant and entrepreneur, I take note of excellence.  Everything we touched and everywhere we went, and everybody we encountered from Disney was excellent.  The trip to Disneyland was as much about learning how to provide awesome service as it was about celebrating a team member’s birthday.  I am sure that there are a thousand books about doing business the “Disney Way,” [...]