The real estate industry is facing a tough legal challenge from the Department of Justice (DOJ), which is probing the National Association of Realtors (NAR) and its rules and policies for possible antitrust violations. The DOJ claims that NAR and its affiliated multiple listing services (MLSs) have engaged in anticompetitive practices that harm consumers and agents, such as restricting access to listing data, setting commission standards, or limiting competition from alternative services.
Artificial intelligence (AI) is transforming the real estate industry, creating new opportunities and challenges for agents, brokers, and consumers. AI is enabling faster, smarter, and more personalized transactions, as well as providing valuable insights and analytics that can help improve decision making and performance.
In recent years, the real estate industry has been experiencing a rapid digital transformation, and the MLS is no exception. The emergence of digital platforms has revolutionized the way people buy and sell properties, and the introduction of Beagel, a digital real estate offers company, is a testament to this shift. In this article, we will explore the benefits of this system to the MLS.
If you are a real estate association, you know how challenging and time-consuming it can be to manage your members and their data. You have to deal with multiple applications, forms, documents, and databases, and ensure that they are accurate, complete, and compliant. You also have to communicate and collaborate with your members and other stakeholders, and provide them with value and service.
Real estate portals are constantly seeking new ways to monetize their platforms and diversify their revenue streams. One approach that many portals have pursued is offering mortgage services. However, the largest global real estate portals, including Zillow, Redfin, and Australia's REA Group, have all struggled to achieve profitability in this area, despite making major forays into mortgage with large acquisitions.
Building a scalable real estate team is one of the most effective ways to grow your business and increase your income. However, scaling a team is not as simple as hiring more agents and giving them leads. It requires a strategic plan, a clear vision, and a reliable system that can support your team's growth and performance.
In today's rapidly evolving real estate industry, the need for innovative technology solutions is more important than ever. Open API microservices are emerging as a game-changing offer technology for MLS providers, real estate brokers, and realtors. This technology offers numerous benefits that transform the real estate industry and improve the customer experience.
Multiple listing services (MLSs) are the backbone of the real estate industry, providing the listing data and platforms that support more than 90% of real estate deals in the United States every year. However, many realtors may not fully appreciate the importance and benefits of MLSs, and may take them for granted or overlook them.
There are several things that should be avoided before purchasing a home. If you aren’t careful to avoid these common mistakes, it is possible that your closing will be delayed or even canceled. Your adherence to the following rules will put the keys to the house in your hands quickly.
Historical homes can be breath taking and fascinating. They are a wondrous form of beauty. The ones that have lived for many years can hold secrets and stories passed down for generations. Buying a historical house can be used for later for many different reasons, from personal living to renovating for historical tours. When choosing a historical home for any reason, there are some things you should be aware of.
If you’ve been trying to buy a house you may have noticed there are a lot of numbers to consider: the price of the house, your savings, the amounts of the down payment and monthly payments you can afford, as well as a host of other figures and fees. Trying to find a mortgage that meets your needs is another numbers game, but this one can work in your favor.
There is no doubt that changes are coming, but I believe that the real threat to the industry is not technology, as some may suggest. Instead, the biggest challenge will be the legal battle surrounding the classification of real estate agents.
The estate agency industry has historically been one that relies on personal relationships and in-person interactions to buy and sell properties. However, with the rise of digital technologies, businesses are increasingly turning to digital tools to improve their efficiency and profitability.
Investing into real estate can be an expensive lesson. Before deciding to attempt this for a business or hobby there is much research that needs to be done. The type of business this requires is hard work, plenty of time and an abundance of money. However, this type of venture can pay off enormously in the end. The thrill of this type of dealing, buying, fixing and selling is a magnificent step.
The real estate bubble is a much discussed phenomenon used to describe a situation in which property values, both or either commercial and residential, expand very rapidly. The result is an over-inflated market that sees buyers purchasing property at prices far above standard value while fearing the market will burst and property values will plummet as fast as they rose. Buying in such a market can be risky for those who cannot afford to lose on their investment.
The real estate industry is facing a major legal challenge from two class action lawsuits, known as Moehrl and Sitzer, that allege that the industry's commission practices and policies are anticompetitive and harm consumers. The lawsuits claim that the industry's standard practice of requiring home sellers to pay a buyer's agent commission as a condition of listing their homes on the MLS is illegal and inflates the cost of buying and selling homes.
The real estate industry is undergoing a transformation, and it's becoming increasingly clear that a digital-first strategy is essential for real estate agents looking to sell to younger generations such as Millennials and Gen Z. These younger generations have grown up with technology at their fingertips and expect seamless, intuitive digital experiences in all aspects of their lives, including real estate transactions. In this article, we explore the importance of a digital-first strategy for real estate agents and how it can benefit their business.
You want to either sell or buy a new home, but you are unsure of what realtor to go with in the process. Understanding the role of a realtor and how they relate to you if you’re a seller or buyer is extremely important. For the first time home buyer or seller you need to be aware of a few facts, and clear out the cobwebs of confusion on the responsibilities and duties of a realtor.
Real estate agents face a myriad of challenges when it comes to managing their property listings and client relationships. One critical aspect of their job is handling offers for properties. In the past, this was a manual process that relied on paper-based systems, phone calls, and emails. However, with the advent of offer management software, agents can now streamline their processes and reduce transaction times. In this article, we'll take a closer look at the top features to look for in offer management software for estate agents, including how CRM integration can help reduce double entries and how digital offers can reduce transaction delays and fall-through rates.
As the real estate market continues to change, it becomes increasingly important for agents to target the largest cohort of home buyers: millennials and Gen Z. These digital natives expect on-demand service and value transparency, efficiency, and trust in their interactions with businesses. That's where beagel.io, a Microsoft-supported startup, comes in to help real estate brokers meet these buyer demographics and better serve their seller clients.
It is difficult to determine a precise percentage of people who trust real estate agents, as this can vary depending on a number of factors including personal experiences and individual perceptions.
However, research has suggested that trust in the real estate industry as a whole may be relatively low. A 2018 survey by the National Association of Realtors found that only 58% of respondents had a "great deal" or "quite a lot" of trust in real estate agents. Other studies have suggested even lower levels of trust, with some finding that only around 40% of consumers trust real estate agents.
At beagel.io, we firmly believe that data-driven insights are the key to successful real estate transactions. Our cutting-edge technology is designed to empower sellers to make informed decisions and get the best value for their property. By leveraging the power of data, we aim to streamline the real estate transaction process, improve customer service, and provide greater insights to business owners.
It has been said that moving and divorce are the two of the most stressful events a person or family can experience. Divorce is a subject for another time. Let’s consider the event of moving and look at some ways to make your house hunting trip less stressful and more effective.
How do you investigate a potential neighborhood? There are a number of factors and issues to be considered in your evaluation. Some of them can be covered merely through visual observation; others will have to be explored with the assistance of community and government organizations.
Buying your first home is one of the most exciting things you will ever do. If you have spent years living in apartments, there is nothing more satisfying than owning your own property. The process can be a little lengthy and you might hit a few bumps in the road to home ownership. The following tips will help the first time homeowner avoid some of the hiccups.
Real Estate Appraisals are a necessary step in the home buying process. There is a lot of confusion out there regarding the truth about appraisals. Some people are confused about their purpose and often think of them as home inspections. Some people think that a low appraisal for their home is the kiss of death. People should take the time to learn the facts about real estate appraisals. The more people learn beforehand, the better prepared they will be to tackle this crucial step
A home is more than a place to live. It also represents a major financial investment. Most of us will buy and sell several homes over the course of our lifetime, so it is important to consider the resale potential of each home you purchase —before you buy it.
Just as there are many things you can do to improve your chances of selling your house at a great price, there is an equal number of things that will drive away potential buyers and leave you scratching your head.
When you are in the market to buy a home, you are going to come across a lot of terms and real estate lingo that you have probably never heard of before. Buying property is like stepping into a whole new world with so much to learn, processes to endure and rules and regulations that must be followed to a T.
The term “fixer upper” may often strike fear in the hearts of home buyers. There are no strict measures in defining exactly what a fixer upper is.
It might surprise you to find out that there are many fees associated with buying a home. Often future homeowners are shocked at the added costs of buying a home because of the varied closing fees for things such as document preparation and other types of administration fees.
This week we are asking ten questions to get to know another innovative proptech company: Ireland based Beagel, which uses technology to power property transactions. Read more..
Beagel doesn’t really want you to know who they are. In other words, the company provides a fully branded back-end sales solution that is invisible to the outside user. In short, the company aims to be a deeply integrated software partner leading with an in-browser, open-offer solution that allows buyers to bid on homes and agents to manage the process. Read more..
Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers--from CEO, investment manager, and banker to insurer, lawyer, and regulator--can and do manage, protect, and increase these assets. Read more..
Mike is a global real estate tech strategist, and a scholar-in-residence at the University of Colorado Boulder. He is internationally recognized as an expert and thought-leader in real estate tech. His evidence-based analysis is widely read by global leaders, and he is a sought-after strategy and new ventures consultant. Read more..
A ubiquitous feature of even the fastest self-service technology transactions is the wait. Conventional wisdom
and operations theory suggest that the longer people wait, the less satisfied they become; we demonstrate
that because of what we term the labor illusion, when websites engage in operational transparency by signaling
that they are exerting effort, people can actually prefer websites with longer waits to those that return instantaneous results. Read more..
New digital technologies like social media, mobile, and analytics are advancing rapidly on the economic landscape. These innovations are used widely by consumers and employees alike. Facebook has more than 1 billion users.1 There are more than 6 billion mobile phones.2 Employees often have better digital solutions at home than they do at work, and many customers are more technology savvy than the people trying to sell to them. Read more..
How can realtors protect their business from billion dollar disruptors. There is no Amazon of real estate yet, but one is coming. Find out:
* why the industry is being disrupted now
* who is coming after the existing stakeholders
* what the realtors advantage is
* how this can be built upon.
The opportunity exists to strengthen a business before it's challenged but will the shot be taken? Read more..
The bar for trustworthiness is higher than ever and continuing to rise. Don Peppers and Martha Rogers argue that the only sane response to these rising levels of transparency is to protect the interests of customers proactively, before they have a chance to spread negative buzz—even if that requires spending extra money in the short run to preserve your reputation and customer relationships in the long run. The payoff of generating extreme trust will be worth it. The authors show how this trend is playing out in many different sectors. Read more..
"Technology has raised customer expectation for a service to be available on demand and real estate is no different.
My goal is to help you meet this consumer need, getting you more business. If you are an ambitious professional looking to improve your business, let's chat."
Healy Hynes - CEO