The Future of Real Estate Agent Compensation

real estate agent commissions

If there’s any consolation prize for CRE’s tech laggard status, it’s that they don’t have to deal with commission wars like the residential sector does. Data standards, mature online portals, electronic transaction management have dramatically reduced the cost of residential transactions. So it’s natural for consumers to think that greater efficiency should translate to lower costs. But commissions seem stubbornly stable in most markets. And the complaints directed at residential agents are … [Read more...]

App News – Evercontact, Space Calculator and CRM

Evercontact

Taking a break from spreadsheets and data management to post on some interesting apps I came across and news on updates to some popular CRE CRM apps. Evercontact A very clever add on for Gmail, Outlook and several CRM apps, Evercontact is a daily service that scans your emails collecting contact info to keep your current contacts up to date and add new ones. Depending on your mail app, you’ll get an email notification or see new contacts Evercontact found in a side panel. Review the new … [Read more...]

Get Your Listing Data Act Together

data

I’m sick of listening to developers trying to create marketing alternatives to LoopNet tell me about the astoundingly messy state of agent and brokerage listing management. Paper files, multiple spreadsheets, PDFs only! This lack of organization not only hampers new marketing opportunities for your listings but it's often the nail in the coffin for a start-up who can’t get agents to contribute due to manual entry overload. You want change? You want alternatives? You want more online exposure … [Read more...]

Residential Real Estate Technology Trends

agent reviews

Most of the current crop of CRE apps is focused on organizing the transaction process or marketing alternatives. The residential sector on the other hand has had plenty of these tools available for years.  Both a larger agent base and the MLS with its data format made that possible.  Commercial has neither and in my opinion, those are the primary reasons that keeps CRE stuck in technology limbo. In the meantime, the residential sector uses its already mature apps and standardized data as a base … [Read more...]

More Apps for Agents

Dunwello

CRE.buzz If you’ve ever been to the CRE subreddit on Reddit, you have to have been disappointed. Maybe you’ll find something useful between the pitches for investment property in Malaysia and ads for Property Dealers in Faridabad but not likely. So take a look at CRE.buzz, where creator Duke Long’s aim is to curate news and blog posts that are interesting or take a unique angle on the industry. Create your account with Twitter, Facebook or an email address so you can vote or submit posts. And … [Read more...]

What Agents and Brokerages Think of Your CRE App

thinking

Sometimes I wonder if CRE app developers ever do any market research. Well, I don’t really wonder. I know most don’t do any unless you call asking a few friends market research.  Too bad, because if they did, they might learn something that a) could make their app better b) might make them realize that there is no market whatsoever for what they’ve got or c) points them in a new/better direction. So here’s a little research I’ve done over the past year or so. Just a caveat – these insights are … [Read more...]