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New Zillow CEO saw iBuying as ‘existential threat,’ envisions changes to agent ad model

Zillow dived into iBuying after seeing it, and startup Opendoor specifically, as an “existential threat,” the company’s newly reinstalled CEO said this week, and he anticipates major changes to its current practice of charging agents for a subscription to get leads. Rich Barton, co-founder and CEO of Zillow Group Rich Barton, who returned to the […]

Former franchise sues RE/MAX Integra over ‘predatory recruiting’

Leading Edge Real Estate, a Boston indie that split from RE/MAX Integra is suing its former franchisor for what it’s calling a “predatory recruiting” campaign in violation of franchise agreements, in the wake of the divorce. Source: click here

Restaurateur Mr. Chow snags Katy Perry’s Hollywood Hills home

After struggling to sell her Hollywood Hills home, Katy Perry has inked a $9.4 million deal with prominent restaurateur Michael Chow. Chow, who owns a chain of the Mr. Chow Chinese fine dining restaurants across the U.S. and London, purchased Perry’s house just a bit below the $9.45 million she had been asking since 2017. Because Perry […]

WATCH: How I built my real estate team

All teams have to start from square one. Hear from successful team leaders, moderator Kris Lindahl, Rachel Adams Lee, Jeremy Stein and Daniel Beer, as they reflect back on what they did early on to set up their teams for success. Source: click here

Moneyball: How Realogy deploys AI to gain a recruiting advantage

With 2 million transaction records ingested every quarter, Realogy has a stark advantage over its competitors in the form of a robust data trove it uses to sharpen agent recruiting, company CEO Ryan Schneider said during a presentation Wednesday in New York City. Source: click here

Apartment rental tech startup Blueground raises another $20M

Tenants can use a mobile app to book cleaners, request maintenance or switch to another Blueground apartment in a new neighborhood or city. Source: click here

The Compass critic that flipped: Inside Alain Pinel’s major reversal

APR president Mike Hulme vowed to agents in a company-wide memo in August of 2018 never to “impede your business by forcing you to change brokerages,” a clear swipe at Compass. Source: click here

Emprove makes home improvement planning easy for agents and their clients

The image-based tool can help users predict the price and scope of renovations and improvement projects with smart graphic breakdowns. Agents can use it to help sway potential buyers and to give value to seller clients. Source: click here

WATCH: How to work (and own) seller leads on a team

A potential client reaches out and specifically wants to work with the team lead. How do you distribute listing leads in this case, and how do you build trust with the seller? Find out from Northrop Realty’s Creig Northrop, who does this flawlessly with his 2,000 lead calls per year. Source: click here

Matterport raises $48M to expand service offerings

Imaging company Matterport has raised $48 million in a new round of funding, which it plans to spend beefing up its service offerings. The cash — which came from a group of existing investors including Lux Capital, DCM and Qualcomm Ventures — will go toward expanding Matterport‘s subscription services that convert 2D images into interactive three […]

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