How To Lose A Billion Dollars In Real Estate Tech
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- My keynote presentation from the Tall Poppy Real Estate Conference in Wellington, New Zealand. I cover the biggest themes of global real estate disruption, the fastest moving models, and the risks of standing still.
I have been in the business for 43 years...owned my own "Top 20" company, worked for Cendant and Realogy as a senior executive. Been doing this in a variety of positions for a very long time. Mike...your presentation is spot on. Very well stated with supportive facts. Thank you.
Thank you, really appreciate the feedback. Glad you enjoyed it.
WOW! What a vibrant exhilarating breathtakingly informative presentation!
A sound voice amidst so much noise. That is so refreshing! Congratulations
Great feedback, thanks very much!
Succinct presentation Mike on the changing real estate industry. We absolutely agree agents and brands cannot afford to ignore all the moving parts occurring Thank you Greg Watson CEO
Thanks for the comment, glad you liked it! I always try to be succinct :)
Is there a part 2? It feels like this ended right in the middle of the conversation. "Recognize the changes and act appropriately." Does that mean go to eXp or Compass? How do we compete?
Hah, no (not yet anyway). For agents, I would suggest being at a company that is asking the RIGHT questions and where you're satisfied with the answers. And that the questions are being re-asked on a regular basis. It's about being informed and making smart choices. You don't want to stand still.
Hey Mike! Great coverage. I'm curious if you know how Compass is still offering exclusive content given the MLS Clear Cooperation Policy (MLS Statement 8.0 from NAR). It was my understanding that this rule was put into place to specifically address exclusive listing networks. Thanks!
Good question. The main thing Compass is doing is keeping listings offline and Compass exclusive. They don't go on the web site, MLS, etc. You only get access to them by calling a Compass agent.
Thank you Mike! Gary's quote is so true! Curious, have you looked into what Keller Williams is doing for their agents to keep them in center of the transaction with the best tools, technology and training? Would love to hear you expand your conversation on that. It is quite opposite of Realogy and it's "standing still"! I appreciate your work!! :)
Thanks, glad you liked it! To be fair, I don't think Realogy is exactly standing still...but it's all relative. Each of the big brokerages, including KW, is doing a lot in the space. But the question is if it will be enough.
More incredible insight! Thanks, Mike.
Mike I really enjoyed your video. It's a great topic and your presentation style was top-notch!
Great feedback, thank you! I appreciate you taking a moment to let me know. It's always fun to be on stage.
I always read what Mike writes and to what Mike has to say. Thank you!
So much value given away for free! Thanks so much Mike!
You're welcome! I'm so glad you enjoyed it.
Great insight here, thanks Mike
This was fantastic. And eye opening!
Amazing content as always Mike. Thanks for sharing 😁🔥
Glad you enjoyed it, Ivan!
Great info and perspective!
Thanks for this very informative session. Keep them coming!
Thanks, will do!
Excellent & informative info.
Thank you! I'm glad it was helpful.
Enjoyed this Mike but you're incorrect to say that 'Countrywide didn't do anything wrong' - they had bad luck and bad timing, sure, but also plenty of unforced errors.
Fair point. Plenty of mistakes and errors along the way. The context is really important, and it's hard to hit it all in 30 seconds or less!
Hi Mike I am a co-founder of Proptech Startup in India offering Fractional Ownership of Holiday homes and Vacational assets and looking for some guidance. can u please help in that ?
I'm pretty busy these days, but feel free to email me if there's something specific I can help with.
thanks for sharing...
Thanks for watching!
Open Door is caca, never heard or seen one clean/decent deal with them. 20 yr vet in the industy