The battle between Realogy and Compass took a strange turn in recent days, when Compass claimed that they rejected a marriage offer from Realogy according to The Real Deal: With his back against the mats, Realogy CEO Ryan Schneider considered selling the brokerage to its chief rival: Compass. In a statement Friday, the SoftBank-backed brokerage … Read more
One of the more interesting things that happened last week was news that Keller Williams will roll out a new “concierge” program in California, Georgia and Texas. Designed to compete against similar offerings from Compass (note that KW says they pay no attention whatsoever to competitors, but I do think the lady doth protest too … Read more
From Inman News (Subscription Required) comes word of a new Redfin initiative whose time has come: Redfin believes that real estate consumers don’t really understand the way commissions work, and so as of Thursday the online brokerage and portal is doing something about it: Now, all Redfin-listed homes will publicly display the commission that sellers are offering … Read more
It’s that time of the year again… by which I mean, the second time we have had the National Association of REALTORS put on the Innovation, Opportunity & Investment Summit. So last year, I wrote this post in which I congratulated BoxBrowie for winning the iOi Pitch Battle, but awarded my Shiva Award to BoxMLS. … Read more
Brokerages and national franchises partnering with big money companies to offer iBuyer services appears to be all the rage these days. Realogy was first, partnering with Home Partners of America, for its cataLIST program. Redfin was next, partnering with Opendoor… while saying that they plan to compete head on against their partner in overlapping markets. … Read more
If you haven’t done so already, or were not present when the panel happened, go watch the Inman News video on the big commissions lawsuit(s) panel discussion. Inman Select membership is required. I thought it was great, especially since Jack Bierig, one of NAR’s outside attorneys on this case, was present to provide some insight … Read more
So, I’m about to head off to another day at Inman Connect so this will have to be very brief and very shallow. I’ll have to take some time to think more about the announcement that Realogy and Amazon have partnered on Turnkey. At first glance, this seems like a pretty straightforward purchase of leads … Read more
Yesterday, Redfin announced that it was entering into a partnership with Opendoor to become a conduit for Opendoor’s direct purchase offers: SAN FRANCISCO and SEATTLE, July 11, 2019 /PRNewswire/ — Opendoor and Redfin, two of the nation’s largest technology-powered real estate companies, today announced home sellers in Phoenix and Atlanta can now request an Opendoor offer through Redfin’s site and mobile apps. By … Read more
So my flight is delayed… for hours… which usually leads to drinking. I thought I might do something else instead. Since I posted about the antitrust lawsuit filed against NAR and four large real estate companies, I’ve read a ton of comments from people who are not antitrust attorneys about why this case is frivolous, … Read more