Real Estate Isn't Rocket Science
Issue 42 - July 23rd, 2021
There is a lot of noise in the world today, and the real estate industry is no exception by any means. Our industry in particular is experiencing some massive changes across the board from new brokerage business models that serve agents better to new home financing platforms and anything in between.
One thing that will never change as long as this industry exists is the fact that the best agents and brokerage firms will consistently deliver A-PLUS customer service. This may sound old fashioned or out of date in today’s fast paced world, but the reality is real estate is a very simple and straightforward industry where old school thought processes still exist and some will exist forever.
Technology will aid and improve the entire home buying and home selling experience, but customer service will always push the greatest to the top of this field. The agents who do the work day in and day out and focus on keeping people happy will always win in the long run.
Outsiders looking in from our industry think agents will go away like agents have in other industries, but I am a firm believer agents will last forever in this industry. Their roles will evolve and change, but the home buying and selling experience is something that only happens a few times in a person’s lifetime. The aid and guidance provided by agents is something that cannot be replaced entirely by technology, but the top agents must evolve with the changes to continue to serve customers in the best way possible.
Newsworthy Links To Share
“The Impact of Compass' Declining Stock Price on Agents”: Compass' stock price has declined significantly since its IPO; it was the worst performing stock among its real estate peers over the past three months. And while stock prices certainly fluctuate, the decline has a significant, real world impact for the Compass agents that participated in its agent equity program. Read the full post by click on this link ————> (Mike Delprete Blog)
Two years after launching its Agent Partner Program, Opendoor has introduced Agent Access, a new referral program that allows listing agents to earn a 1 percent commission for every seller who chooses to accept an Opendoor cash offer. (Inman)
Commercial real estate tenants and property managers have to abide by strict liability rules that any vendor entering the property must have insurance certificates and meet other requirements. The approval process for this currently can take days and is still largely done on paper. Jones, a New York-based commercial real estate startup, is curating a marketplace of pre-approved vendors for tenants and property managers to find and hire the people they need in a compliant way. (TechCrunch)
Economic incentives and an affordable cost of living could lure Samsung, one of the biggest conglomerates in the world, to Taylor, Texas. It’s a small town northeast of Austin vying to win the bid for Samsung’s planned $17 billion semiconductor plant. (CoStar)
Sundae closes $80 million dollar round as they continue to build out their distressed home marketplace. The startup aims to help people who need to sell dated or “damaged” properties for a variety of reasons -- such as job loss, illness or divorce. Since sellers in these situations don’t typically have the funds to fix up their properties before selling, Sundae lists the property for them on its platform - serving as an intermediary between sellers and investors. There, it is visible to about 2,600 qualified off-market buyers. (Yahoo! Finance)