Where Real Estate Gets Its Dirt

Marnie Blanco returns to online real estate

Former Re/Max exec joins dotloop

“Marnie Blanco, who led real estate franchisor Re/Max Inc.’s broker- and agent-facing technology initiatives for close to 10 years, is joining paperless real estate transaction management firm dotloop to help the start-up build relationships with brokers.”

Marnie BlancoWhoa! I have written about Marnie’s departure from RE/MAX just this past December, seems like she just couldn’t get real estate out of her blood. The Inman article also has a Google + interview of her with Paul Hagey (smile Paul, it won’t hurt I promise). I confess not to know too much about dotloop but they have my respect for knowing how to pick talent. Marnie is rockstar and if the past is any indication they will have to keep up with her (so no pressure Marie).

The article also has this tidbit.

“In May 2012, dotloop, which was founded in 2009, had 35 to 40 employees. Now, Allison said, it has 105 employees in its headquarters in Cincinnati, a relatively new office in San Francisco and now Denver, where Blanco lives and the company expects to open an office.”

109 employees (mostly in Cincinnati?) with a new office in San Francisco and now possibly one in Denver? That’s a lot of overhead. Less than a year ago they raised 7 million dollars from venture capital firm Trinity Ventures, so that helps.

I’ve always been a bit skeptical of the whole idea of “transaction management”. Seems like a very tough problem to solve and there are too many competing platforms, regional nuances, state regulation, etc. But its clear something needs to make the process better. But it isn’t going to happen overnight. Like a castle siege, dotloop is going to need all the resources they can spare to penetrate the tall walls of paper and deep moat of ink surrounding today’s real estate transaction.

Can you tell I’ve been watching too much Game of Thrones lately?

Errol Samuelson gets promoted.

Samuelson_ErrolErrol Samuelson Appointed Move’s Chief Strategy Officer
Seasoned leader promoted into newly created role to guide company strategy

“Move’s return to double-digit growth is due in part to the changes made in personnel, technology infrastructure, and revenue streams. The company is uniquely positioned to lead the Real Estate industry, and to rapidly grow revenue. “It is precisely this environment and opportunity that makes Errol’s appointment exciting,” Berkowitz said. “In his new role, Errol will work closely with me to define the vision, strategy and future direction of Move. He will also explore new areas where Move can expand its offerings.”

High, and well deserved praise from Steve Berkowitz, Move’s CEO. Looks like Errol will also continue as president of Realtor.com. Awhile back I had heard rumors Errol was “exploring new opportunities” but this seems to show he has chosen his path.

Errol deserves all the praise, he really “gets it”. He is the big reason why I think you can’t underestimate Move. Congrats to Move for recognizing what a truly creative and talented leader they have with Errol.

Update: Also a good interview with Errol about his new position here:

Errol Samuelson Named Chief Strategy Officer Of Move

RMLS selects SentriLock

logo

Oregon’s RMLS Selects SentriLock

“By choosing to work with SentriLock, RMLS™ offers subscribers the best products available and aligns itself with a company who also controls their own technology and chooses their own destiny,” said RMLS™ CEO Kurt von Wasmuth. “I think that our subscribers will be thrilled with the SentriLock system and the functionality that it provides.”

Knowing the geography/history of the area, this is going to be very interesting to watch. Great win for SentriLock, congrats!

Reesio puts on a show

reesio-logo-5648354179ec9f4cce32c4ea8b1795eaLater this month I will be attending and my company W&R Studios will also be exhibiting Cloud CMA at a conference put on by new real estate software company, Reesio. Reesio is a startup less than a year old. They are in the crowded space of transaction management. They felt a good plan get the word out was to put on a conference. The conference is called RealTech SF 2013. Here’s what Mark Thomas, Co-Founder and CEO of Reesio has to say about the event.

“As part of the journey that we as founders of Reesio have gone through with our company, one thing that we’ve noticed is how difficult it can be for real estate professionals to easily find out about new technologies that exist out there to make their jobs easier. In addition, there’s a tremendous dearth of publicity around real estate technology in general, despite the fact that real estate can be one of the more painful processes of any industry. We have 2 main goals that we’re trying to accomplish by hosting and putting together RealTech SF 2013:

1) To educate and highlight to real estate professionals the latest and greatest technology initiatives currently going on within the space that can help them grow/manage their business and enhance their careers.

2) To bring more awareness about real estate technology as a whole to people outside of the industry, and to show that the products that companies are currently working on are solving truly painful experiences that people are currently having to go through.”

The show is only $25 to attend, so pretty reasonable for an agent. The speakers seem to be a mix of industry vendors and brokers. I like the hustle approach Reesio is putting forward, plus Spring in San Francisco? I’m in!

Zillow Zestimate actually matched home sale price.

The Albuquerque Jounal reported a A two bedroom, 2 bath rambler in West Albuquerque, New Mexico sold on the local MLS for exactly what Zillow’s Zestimate predicted…..

crazy right?

Homes.com announces REALTOR drone service.

“We are just giving what the market is demanding”, said Andy Woolley GM of Homes.com. “It’s really an extension of our Concierge Service in which we setup, produce and develop blogs posts and videos for REALTORS.” continued Mr. Woolley. “Now we just replace them with one of our own people and actually do their job for them.”

Brilliant!

NAR shutters RPR

This just just in from Chicago…

“Our long national nightmare is over.” stated Dale Stinton, CEO of the National Association of REALTORS. “Effectively immediately the National Association of REALTORS will cease operations of the Realtor Property Resource. NAR will do its best to return the money it invested back to it’s members.”

In a joint announcement NAR today announced they were major investors in a new car company. “Today’s cars aren’t designed for the average REALTOR, so we thought we needed to do something about it.” stated NAR president Gary Thomas.

Sponsored By Paragon Connect