Omni MLS to Focus on New Home Inventory
This development follows the recent settlement with the National Association of REALTORS® (NAR) and underscores Builders Update commitment to fostering robust relationships between agents and builders.
How Volunteer Leaders can Avoid Inadvertently Firing Top Notch Association Executives
Today brokerages representing over 600,000 agents cannot or will not require NAR membership because of their proposed lawsuit settlements. Whether from litigation, DOJ rulings or the belief from brokerages (especially the $2 billion crowd) that NAR let them down, it is anything but business as usual right now. All Association leaders need to be open to new ways to doing business to be able to ride out this storm. Forward-looking, strategic AE’s recognize these vulnerabilities. They are effectively partnering with their volunteer leaders to push the envelope, eliminating outdated or poorly attended programs and focusing their attention on preparing for future scenarios that may be foisted on the industry from lawyers, the DOJ or some other unknown threat.
Tech Partners on Brokerage Strategic Planning Team
In the dynamic realm of real estate, the integration of technology plays an increasingly pivotal role in shaping strategic initiatives for brokerage firms.
Why are so many of our strongest Association Executives getting fired?
Today, it is more important than ever that the real estate industry nurtures and protects its best and brightest staff executives. We need people that are thoughtfully helping the industry navigate the uncertain waters we are swimming in right now. I have noticed an alarming trend, though, counter to this need. In the past year or so, many progressive Association Executive leaders have been dismissed without cause, advance notice, or well-documented justification. It seems as though as the market has gotten tougher the number of firings has increased. This alarming trend made me think about a few things that may be lacking in training and governance orchestration we may want to consider.
Are you treating your MLS subscribers as the Customers they are?
MLSs mistakenly refer to their customers as members. They are NOT members. MLSs are not trade associations. They are technology companies. Have you ever heard Verizon, Apple or AT&T call their subscribers – “members”? Have you ever Starlink or Spectrum call their paid subscribers – “members”? These subscription-based technology companies think of every one of their paid subscribers as customers. They understand that every one of their customers has a choice to pay for their services or not so they continually focus on how to retain their customers
Safeguarding Success: How to mitigate risk from potential DOJ mandates and other outside threats
In the ever-evolving landscape of the real estate industry, Multiple Listing Service (MLS) executives face a myriad of risks that have the potential to disrupt operations, tarnish reputation, and compromise data integrity. In such a dynamic environment, proactive risk management is not just advisable — it's imperative. In this article, we'll explore the importance of “scenario planning,” or anticipating and mitigating the worst-case scenario within MLS organizations, and we’ll outline strategies for fostering a culture of preparedness and adaptability.
Brokers Over $2B in Volume Should Prepare for Mediation
Get your attorneys on it. Pay close attention to the settlements that have already been announced, and do some 5th grade math.
RECRUITMENT SUCCESS: ANNUAL BUSINESS PLANNING WITH YOUR AGENTS
As we stand on the cusp of a new year, real estate agents across the United States are gearing up for the challenges and opportunities that the new year presents. This offers brokers a key opportunity for connection, mentorship and guidance in annual business planning exercises. Whether this is accomplished through group sessions, one-on-one mentorship, or virtual training and resources, assisting your agents with establishing obtainable goals and developing a measurable path for success plays a big part in your annual recruitment and retention efforts. I work with many brokerages each year in the development of strategic annual planning programs. Below are my tips, tricks and strategies for brokers looking to stand out from their peers and serve as true servant leaders.
Navigating the 2024 Recession: Balancing Cost-Cutting and Growth Pursuit Strategies
While cutting costs is crucial for immediate survival, strategically pursuing growth can position companies to emerge stronger in the post-recession landscape.
Hey, Agent: Want to Own a Brokerage? 4 Questions to Ask Yourself
Should you build your first brokerage or consider buying a business that’s already launched? These four questions can help a top-producing agent decide what’s next.
What’s your exit plan? Here’s how to sell your real estate brokerage
Selling a real estate brokerage isn’t like selling any other type of business. Here are 16 steps to take before the deal is closed.
Do You Know What Your Brokerage Is Worth?
How much is your brokerage worth today? Being able to answer that question on the fly can save you money today and help you plan for the future.