In spite of his cheesy style and odds stacked heavily against him, Greg is still pushing for his realtor-owned search portal to take over the internet. He is shooting for $1,100,000 in donations to make it happen, and so far he’s generated $241,000 – more than I thought!
If 10% of all realtors donated $25, he’d have double the money he needs, and if the home-search app ends up being spectacular, we could be headed for an exciting 2018 for realtors and how we sell homes!
Hi, it’s Greg,
GUESS WHAT? You will be able to start taking buyers away from Zillow and Redfin February 19th.
IT’S PROVEN – Our new home search app is strongly preferred over Zillow and Redfin by 100% OF HOMEBUYERS surveyed (price range $200,000-$850,000).
NEW TECHNOLOGY – This app leverages a new technology that gives buyers a significant home search advantage if they deal with you.
ON SCHEDULE – As promised, the website and app will be in your hands February 19th.
MARKETING VIDEO – A top national ad agency is producing a $50,000 marketing video you can embed in your personal website to promote your advantage to buyers.
TO OUR CONTRIBUTORS – Thank you for sharing the vision and supporting this mission. Now it’s a reality.
NOT YET A CONTRIBUTOR? – Just $25 gets you full access to the website, app and $50,000 marketing video. Contribute HERE.
IMMEDIATE PERKS- A contribution of $50 or more gets you next-day access to training graciously donated by our industry’s leading coaches.Learn more HERE.
Stand up… it’s time to take back control!
-IF- This were a slightly better than bad idea venture capital would either fund or snake the concept.
Side note but not really. Went to two open houses in San Diego yesterday. Too much money chasing too little value. Full disclosure. These were both La Jolla.
Yep, most sellers are looking for suckers these days. I’m not sure either knows though!
Did you gamble your $25 Jim 🙂
Did you gamble your $25 Jim?
I’m a big spender – I’m in for a couple of hundred! 😆
It is a crying shame that this guy Greg (who should be riding happily into the sunset at age 69) has to pilot this idea by himself through a grass-roots campaign.
The NAR, CAR, and local associations won’t give him a hand or do it themselves. NAR sent $12 million on Upstream, but it has gone nowhere:
https://www.inman.com/2017/05/16/real-estate-industrys-upstream-project-dramatically-shrinks-in-scope/
None of the big box brokerages have done a thing to build an industry-wide portal, and they are going to regret it in the end. They will be the first to die, mostly due to their bloated management salaries and expenses that won’t fly as we get picked apart every week by disrupters and slowing market.
Greg’s realtor portal would make it easier for hard-working agents on the street to sell houses – you would think NAR and big-box brokerages would support it. But their ignorance is deafening.
Not invented here.
If it is any consolation the same issue plays out in industries where it matters.
It may be my distorted view but ISTM that the issue for current participants is the idea of getting less per transaction regards less of any other considerations.
the issue for current participants is the idea of getting less per transaction
Adjust or die.
They just don’t believe there is a threat of dying. But when the median age of realtors is 53, the agent population will shrink 50% soon, just by natural attrition. Even if the big players all got on board to fix what’s wrong, they (NAR, CAR, and big-box brokerages) will have to make a living with half the agents they used to have.
This mind-boggling stat doesn’t appear to phase them, but it should. We have 15,000 agents in SD County, and 3,000 sales every month. How much longer can NAR, CAR and big-box brokerages keep sucking money out of the 80% or 90% of agents who aren’t selling anything???
Jim I agree and disagree with you. 1- most sellers want market price and a few want a lot more. Getting market is not greedy in my book.
Second, there are 3000 brokers in Beverly HIlls CA…that is brokers…still the market is very hot and how 3,000 of them survive well…who knows.
The big guys are the last ones standing in my opinion, when in rome do as the roman’s do…look for a merger of the big 3 KW,SS’s and BH to partner up or have actual purchase by zillow when times ticks away. This new venture is doomed, started way to late, and not enough $$$.
Granted there will be a significant drop in agents…there are too many anyway, the part timers go first.
You Jim, are the exception to the rule…first class services with all of the knowledge that you have means you will survive and grow, when the other guys are sinking.
The 6% is dead, people do not know yet…the 2% will be the standard norm 10 years from now.
Jim I agree and disagree with you. 1- most sellers want market price and a few want a lot more.
I don’t think the sellers and their agents are greedy – they don’t know how optimistic their list price is. Heck, they even have comps too!
But it has gotten to the point that by the time you add the standard 5% to 10% to the last sale price – which was the highest nearby sale they could find from the last 12-24 months – it is way out of today’s range. I don’t blame them – it could happen again – but the gap between hope and reality is bigger than ever. I’m talking about high-end only – the houses that Dawg saw.
Yet, I agree, and if we asked them, these sellers would say they just want market price!
From today’s I-N:
The National Association of Realtors (NAR) is pouring $15 million into Upstream, an online platform designed to give real estate brokers more control over their data, including property listings. NAR has twice now allocated large chunks of Realtor dues to the project ($6 million in May 2015 and another $9 million in May 2017).
But more than two years after the initiative was announced, nothing has launched and the largest real estate trade organization in the country has little to actually show for its investment other than a series of missed deadlines and yet-unrealized promises. Based on its original goals, Upstream is 17 months behind schedule and counting.
The dream Upstream sold to the industry was a private database for all types of broker data — not just property listings, but also records relating to consumers, vendors, agents and employees; images; videos; and accounting information. Both brokers and agents (with broker permission) were supposed be able to use it, and control who received the data.
Upstream was conceived as the starting point for the data, acting as the middleman between brokers and data recipients, including the 700 or so multiple listing services that they use to keep track of properties for sale. To do so, it would incorporate each MLS’s business rules so that they would receive compliant data from Upstream at the outset.
Upstream was originally supposed to debut as the “single point of entry” for broker data in five pilot markets around the country (MLSListings, RMLS, NorthstarMLS, NTREIS, and West Penn MLS). Upstream has since scaled back that pilot to two markets (MLSListings and RMLS), though the company says it still plans to eventually implement its original proposal nationwide.
Yet as of the time of this article’s publication, no MLS has integrated with Upstream. Without that integration, there has been no alpha or beta testing so far, either, though those were supposed to begin in May 2016 and conclude at the end of 2016. No agent or broker has ever submitted a listing to their MLS using Upstream.
Private database. Uhhhh yeah. And this agrees with fiduciary duty how? They even think it can remain private? The cracks are growing