Anyone want to brief the RETech event via Zoom at 3:30pm tomorrow, Friday, 8/20/21?
Greetings, fellow real estate consumer advocates,
Over the past 25 years, Real Estate Cafe has spent a fortune attending the leading real estate technology conferences around the country and hosted real estate debriefings afterwards for local press and peers, primarily buyer agents, who were unable to attend.
Four hours ago, Doc earls underlined the importance of our collective trend spotting exercise by asking if I'd join him, Joyce and their producer, Katherine Druckman, AFTERWARDS on their podcast Reality 2.0.
As in the past, invite everyone to share their insights and takeaways from NAR's #iOiSummit. The event was their 3rd and is emerging as a must follow event for RETech innovators, see their impressive agenda:
https://www.nar.realtor/events/ioi/2021-ioi-summit-agenda-speakers
Anyone want to brief the RETech event via Zoom at 3:30pm tomorrow, Friday, 8/20/21? If so, the framework MIT's uLab uses might be a simple way to deconstruct this event into (see brainstorming exercise from 2018):
What's Ending?
What's Presenting (as a problem or opportunity?)
-
What's Emerging (being initiated or what needs doing?)
The event was held in Dallas this week, so have already written Lindy Chapman privately to ask if she attended the event. My recollection is that Bobby Bryant is also in TX so perhaps he attended as well.
Anyone else attended or follow online? There were barely any Tweets but the Pitch contest was Livestream on Facebook and LinkedIn, and presume you can watch the rebroadcast via this Tweet:
Pitch Battle Live Stream on FB & LinkedIn- today at 2:45 CT #ioisummit @nardotrealtor https://t.co/b21xB6OtiF
— Ines Hegedus-Garcia (@ines) August 17, 2021
As for the content we cover on the Podcast, Doc says,
"...think a great focus is on the cartelization of agencies, price fixing and all the other stuff you see clearly and nobody else is talking about. But it's up to you."
How do you think #RE2020 / #RECALL -- Real Estate Consumer Alliance -- should use this media moment? Is there anything you like me to say on your behalf, or think consumers should know going into the next 18 months if not the balance of the decade?
Invite private follow-up via contact information below if anyone would like to share update off the record.
Bill Wendel
617-661-4046
PS. Want to say in advance that the focus of tomorrow's roundtable would be RETech, not "AAATT -- All Agency All The Time. If you'd to debrief the RETech event via Zoom at 3:30pm tomorrow, Friday, 8/20/21, please reply below.
Bill Wendel Fri 20 Aug 2021 8:27PM
Agree, Jim. As VOX wrote, we're watching an epic dumpster fire -- a K-Shaped housing emergency burn out of control
Perhaps the 10 million people at risk of eviction should be grateful that a furniture REPOSSESSION company didn't win but we'll leave that parody to Saturday Night Live.
If #RE2020 / #RECALL hosted a follow-up event, a #Hack4REGood that tries to solve PAIN POINTS related to #Covid_ImpactRE and #AntiTrustRE, what kind of challenges would you propose?
What criteria would you use to evaluate contestants and award funding of some sort -- maybe from ARPA Funds? Wrote this list of judging criteria off the top of my head as I watched NAR's #iOiSummit and offer it to our peers as an idea starter:
▾ Wish list for #AntiTrustRE REStartUps / Apps
• Increase choices available to consumers
• Empower consumers to make more informed decisions
• Increase ability for consumers to interact P2P
• Allow consumers to engage homebuying process to reduce fees
• Bring more transparency to the process, particularly fees
• Save money on buyers side
• Save money on sellers side
• Help homeowners save money
• Reduce inefficiency in the process
• Reduce overall fees (beyond real estate agents)
▾ Wish list for Covid_ImpactRE REStartUps / Apps
• Reduce market risk / exposure
• Tools that recognize magnitude of life transitions
• Ability to identify "Intention Inventory" not active MLS listings
• Bring transparency to BLIND blind bidding wars
▾ Ability to evaluate "what if life transition" scnearios
• Relocate
• Move in with family
▾ Fit — reduce probability of Buyers Remorse
(Share article from Boston Magazine on Mover's Remorse)
Bill Wendel Fri 20 Aug 2021 8:39PM
Here's the article mentioned above:
https://www.bostonmagazine.com/property/2021/02/23/covid-movers-remorse/
Jim Battan · Fri 20 Aug 2021 8:09PM
It kills me that the winner was Feather, which provides an online furniture rental service. This is a "bleeding-edge" "world-class" company that "strategically seeks out innovations and rethinks current products and processes"?!? This is NOT the disruption that the industry needs to get out of its tightly-controlled ecosystem of inflated prices and artificial lock-in to an antiquated MLS and broker model. But of course any company pitching to the NAR isn't going to try to upset the apple cart.
Jim Battan
Founder and CEO
Builts Corp.
[email protected]
+1.503.758.5232