BREAKING NEWS - While we at RealEstateIndustryWatch were aware of the dispute that a former Realty Executives International president was having with his former employers, we were not aware that there may well be more turmoil going on there.According to this post in AgentGenius, Realty Executives International has moved offices, has laid off a large number of their executives, and had a major franchisee move over to Keller Williams. This was kept fairly quiet presumably due to the fact that … [Read more...]
Pinnacle Quest buys Dave Beson Seminars
June 23, 2011 By Leave a Comment
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 Dave Beson LetterWriter series and other products to our current product mix adds a dimension to Pinnacle Quest that is a perfect … [Read more...]
Zip Realty closes offices in 11 markets, to focus on positive cash flow
January 11, 2011 By 2 Comments
In a move designed to maximize the potential to achieve positive cash flow in the near term, Zip Realty announced office closings of less productive offices. In this press release, the CEO of Zip Realty stated the following:“We believe that the changes we are implementing today position ZipRealty for improved near-term financial performance and stronger long-term growth,” said Lanny Baker, the Company’s Chief Executive Officer. “Performance in our strongest markets demonstrates that … [Read more...]
Market Leader and DotLoop to power new Keller Williams marketing platform
January 10, 2011 By 3 Comments
Market Leader has announced that they and DotLoop have been selected by Keller Williams to power a new Keller Williams marketing platform, The new platform is set to be rolled out at the Keller Williams Family Reunion later this year."The launch of this platform is a bold move by Keller Williams and a major product innovation for Market Leader," said Steve Murray, editor of REAL Trends, a leading source of analysis and information on the residential brokerage industry. "The real estate … [Read more...]
Realogy loses $33 Million in Q3
November 10, 2010 By Leave a Comment
REALOGY reported losses of $33 Million in Q3 as they released figures in this report yesterday. Thiis was attributed to a decrease in sales of approximately 10% year over year and to the general slowdown in sales following the end of the tax incentives in Q2. The company also help a webcast / conference call to discuss the results. This will be available on the company's website from today through 11.23.2010 according to their media page. The company did report that it is meeting its current … [Read more...]
Roost closes consumer efforts, opts for Social Media
October 12, 2010 By 3 Comments
In a move designed to target the increasing power of social media (and obviously to move away from the expense and effort of other forms of online marketing, Roost announced on their blog today that they would focus 100% of their efforts on their social media technologies.According to this blog post:"But in talking to hundreds of individual REALTORS®, we came to an powerful realization: The vast majority of agents still get 80%+ of their business via word-of-mouth referrals.Even after all … [Read more...]
Memphis Broker forms Independent MidSouth MLS and Mid South Real Estate Board
October 6, 2010 By 3 Comments
As Inman news reported this morning, Memphis area real estate broker Larry Mayall (after a long legal battle with MAAR) has opened his own MLS and Association, the Mid South Real Estate Board and MidSouthMLS. This new association is independant of NAR. This raises some interesting questions about the future of MLS's in these tough times.Is consolidation of these associations the answer? Is simply supplanting them with Independent Boards the answer? It remains unclear. There are many issues to … [Read more...]
Yardi buys Point2
October 2, 2010 By 1 Comment
Listings syndication engine Point2 has been purchased by Yardi, a Santa Barbara based real estate technology firm. This deal, announce September 30, follows the acquisition of ListHub's parent company by Move Inc. With each of these acquisitions, speculation grows as to how this impacts the Listings Syndication companies such as Zillow and Trulia.Yardi, who already recently aquired the listings portal PropertyShark.com now has ownership of Point2 and it seems they are well positioned as the … [Read more...]
NAR and MOVE, Inc reach new operating agreement
September 17, 2010 By Leave a Comment
GLAR and Move, Inc announced that they have reached a new operating agreement and that both parties are pleased with it. That said, many of the details of the agreement still have not been released and are forthcoming. Here is the official press release.CAMPBELL, Calif., Sept 16, 2010 /PRNewswire via COMTEX News Network/ – The National Association of Realtors® (NAR) and Move, Inc. (Nasdaq: MOVE), the leader in online real estate, today announced recent discussions related to their 14-year … [Read more...]
Jane Pannier chosen as acting President and CEO of REALTORS FCU.
August 5, 2010 By Leave a Comment
Tom Glatt has decide to step down from his position at REALTORS® Federal Credit Union, and Jane Pannier Announced as New Acting President and Chief Executive Officer, it was announced. According to a statement released by Dale Stinton,“We wish Tom well in his desire to relocate to New Jersey where his wife, Diane, has just assumed a great CEO opportunity herself. In two very short years Tom grew our fledgling enterprise to over $70mm in assets, making it one of the fastest growing credit … [Read more...]
