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Broker Insights
Compass Competition Makes Better Brokers
Success comes from the brokerage culture, leadership, and the agent’s hard work.
Inside Real Estate Jump Ahead with Acquisition of ListAssist
The acquisition is significant because it extends these AI-powered capabilities across Inside Real Estate’s vast customer base, ensuring a broader audience benefits from a more intuitive, engaging, and accurate home search process.
High Tech Brokerage vs. High Touch Brokerage – AI May Change Strategy
Brokerages are now facing a crucial decision: lean into technology or double down on the personal connection that has long defined the industry?
MLS and Association Best Practices
Is NAR Membership Declining Because of Open MLS?
NAR membership trends have historically followed the economy and the strength of the overall real estate market. As shown in the attached chart, NAR experienced significant membership growth following the market crash of 2008 to 2010 and continued on that growth trajectory until recently when the real estate market slowed significantly because of high interest rates and more limited buyer demand. While there have been minor decreases in membership since 2023, we hypothesize that these declines are more likely due to limited market opportunities and retirements rather than the rise of Open MLS subscription offerings.
Why Can’t Brokers Who Recruit Subscribers AND Fuel MLS Data Get Rewarded for Their Hard Work?
For decades, real estate associations have traditionally owned and operated MLSs, providing brokers with access to property data while generating revenue from subscription fees. However, a growing movement is challenging the status quo, advocating for brokers—who supply both the data and the subscriber base that powers MLSs—to have a greater stake in ownership and profitability.
Why are there no volume discounts in MLS pricing models?
Multiple Listing Services (MLSs) have long operated under a standard subscription model in which subscribers pay a flat rate per agent, regardless of the size of the brokerage they belong to or the revenue the brokerage contributes to the MLS. This pricing structure is designed to ensure equal access to the database for all real estate professionals but does not recognize or reward the revenues delivered to MLSs from larger brokerage firms.
Real Estate Technology Trends
AI that Seems Like you are Really Talking to a Human
We all know that AI is moving faster than light. At WAV Group we look at new AI solutions all the time. The demo I have attached for you though is next level, though.
Inside Real Estate Jump Ahead with Acquisition of ListAssist
The acquisition is significant because it extends these AI-powered capabilities across Inside Real Estate’s vast customer base, ensuring a broader audience benefits from a more intuitive, engaging, and accurate home search process.
Key Digital Experience Insights for Real Estate Brokerages to Thrive Online
Last week, I encountered a white paper by Contentsquare titled "2025 Digital Experience Benchmarks." This paper resonated with me because of Victor's article, "High-Tech vs. High-Touch Brokerage—AI May Change Strategy," which discusses the consumer experience [...]
Strategic Planning and Research
REAL AI: Real estate is an AI leader, What’s next, AI facts, headlines and AI quote of the week
By Kevin Hawkins with Korey Hawkins | Vol. 3 Issue 5 REAL AI is a human-created weekly roundup of all things related to artificial intelligence in real estate and emerging AI innovations in other sectors [...]
Simplifying Homeownership: WAV Group Unveils Survey Insights on Property Management Portals
At WAV Group, we were inspired to learn more about homeownership portals because of our own very real need to manage four personal properties. Managing properties in three distinct locations required us to keep track of preferred vendors for plumbing, heating, air conditioning, and other essential services. We also needed a way to memorialize vendors we used for repairs, painting, and landscaping. Additionally, we needed reminders for routine maintenance tasks. Managing one home is challenging enough, but managing four is even more complicated. Who remembers the last time they changed a furnace filter or cleaned out a dryer vent?
NAR Study: Single women first-time buyers on the rise, and single men decline
The new NAR Profile of Home Buyers and Sellers 2024 is out! Release just before NAR NXT 2024 begins this week in Boston, it’s a study I look forward to unpacking every year. Already, the [...]