Compass and Coming Soon: Not About the Client

[EDIT: This post has been updated with responses from Compass, and my further responses to those responses.] [EDIT: I have updated the post once again, with another round of clarifications from Compass Spokesperson.] This week is when NAR will decide on what to do about Off-MLS and Coming Soon. I have already written thousands of … Read more

[VIP] RE/MAX Q3, 2019: Don’t Look Back

RE/MAX reported Q3 earnings on Halloween, and I can’t help but think there was a lot more trick than treat in its Q3 results. Yes, RE/MAX remains fundamentally healthy and it has some advantages over its main competitors, especially the other publicly reporting franchise company, Realogy, but there were a lot more walking dead in … Read more

Zillow Offers vs. Traditional Selling: Data from Zillow

Back in February, I wrote a post that is one of the top read posts of 2019. It was titled, “Homeowners Net More Selling to Zillow Than With a REALTOR.” I wrote that based on the unit economics that Zillow released in its Q1 earnings call, and I have been collecting data on Zillow Offers, … Read more

The Innate Value of the MLS? Thinking Through a Podcast from Austin Board of REALTORS

Emily Chenevert, the CEO of Austin Board of REALTORS and its MLS, ACTRIS, is one of my favorite people in the industry. We have known each other for years now from when she served as the Government Affairs Director for ABOR, and even then, I knew she was destined for greatness. Emily is smart as … Read more

The Notorious Interview: Bill Fowler, Compass

A different Interview episode than normal, I speak with Bill Fowler, Sr. Director of Industry Relations for Compass, the tech-brokerage who has been making all kinds of waves in recent years. Normally, I like to use the Interview to introduce people and companies that most of you don’t know about, who are doing interesting things … Read more