Real Estate News and Information: The Latest
Coldwell Banker buying up brokerages. Again.
In yet another example of a franchise buying up offices at this difficult time for brokerages, it was reported that Coldwell Banker has bought yet another brokerage in Connecticut. The brokerage will now operate under Coldwell Banker’s franchise with the original owners still working inside of the franchise as REALTORS. With valuations of brokerages MUCH [...]
Pinnacle Quest buys Dave Beson Seminars
Pinnacle Quest Consulting announced that it has entered into an agreement to buy Dave Beson Seminars, including its popular LetterWriter series. “We have enjoyed a long-time relationship with Dave and are pleased now to take that relationship to the next level,” said Brent Gray, CEO and co-founder of Pinnacle Quest. “The addition of the popular [...]
NAR revises Home Sales down 14% since 2007
As announced in a previous article on Real Estate Industry Watch, NAR today released revisions to its housing sales numbers for the past four years. The reasons for the changes appear to be both an over=reporting of the number of FSBO sales that were not counted through MLS s as well as double reporting for [...]
4 Crucial Reasons that Realtors should use Pinterest
Pinterest’s member list has grown exponentially in just a matter of months. They have quickly gained just over 4 million members since their launch. It’s a site lovingly referred to as “fantasy football for girls.” While the new social sharing site has a large female following, male followers are quickly coming aboard. Pinterest is a [...]
Metrolist Ends Relationship with Diverse Solutions over Zillow Ownership
In an email sent out to Denver area customers of Diverse Solutions, Metrolist said the following: As you may be aware, your IDX vendor, Diverse Solutions, was recently purchased by Zillow and no longer holds a valid Agreement for Internet Data eXchange (IDX) with Metrolist. This means that they will no longer be allowed to [...]
Real Estate News Headlines:
San Diego Brokerage pulls syndicated listings and opens conversation.
Abbott Realty Group (ARG) in San Diego may not have fired the first shot in the “to syndicate or not” battle, but they may have fired the loudest one by far. The 25 agent office in San Diego today officially pulled their syndicated listings, and released a video to their clients and colleagues in the real estate industry [...]
International
Brookfield Real Estate announces franchise acquisitions
It was announced by Brookfield Real Estate Services today that they will consumate deals on January 1, 2012 for several Canadian brokerages to become franchisees under both their Roal LePage and Via Capitale brands. The deals according the press release will be 80% cash on the first of January totalling $2.6 MM with an additional [...]
ICREA and FIABCI Move Forward with Plans for Integration
In an effort to better serve the international real estate industry, the ICREA and the FIABCI are working toward developing a fully-integrated global organization that will embrace all sectors within the real estate industry. To help achieve this goal, representatives from both organizations have agreed to form a much closer alliance between the two organizations [...]
