Where Real Estate Gets Its Dirt

Down Payment Resource celebrates 10 years

It’s a perfect 10

“Since 2008, DPR has advocated for greater transparency of available down payment help so consumers can evaluate their full range of options. Like tax data, walkability scores and school information, down payment assistance information is another important layer of property data.

Working with MLSs, DPR’s proprietary software flags listings that are eligible for down payment programs. DPR currently works with MLSs representing a diverse array of markets across the U.S.

DPR’s lender tools provide loan officers with transaction-level matching of borrowers, properties and approved programs. DPR’s lender business has grown rapidly as the purchase mortgage market dominated.

DPR’s public website allows homebuyers to complete a self-directed search for down payment help.”

Congratulations to Rob and his team. I understand how hard it is to get this far. What’s great about Rob and DPR is that not only are they building a great company but also the good they are doing for society. John Mosey, CEO of NorthStar said it best….

“Parker Principle #9 coming out of the Inman Disconnect conference earlier this year is for the industry to ‘Fight for more ‘available’ housing.” DPR is a step in the direction of achieving that goal while highlighting the role of the real estate professional as an invaluable and invested resource committed to helping every American become part of a homeownership success story.”

Thanks to Rob and DPR for fighting the good fight.

NextHome launches Imprev

NextHome CEO: ‘We’re Raising the Bar in Real Estate Marketing’

“At NextHome, we’re passionate about empowering our agents to deliver tremendous value to their clients. That’s why Imprev’s Marketing Automation is such a natural fit for our brand,” James continued. “With automation, agents have a repeatable way to deliver their marketing promise to clients — without wasting precious hours on repetitive, manual tasks. Imprev understands how important it is to deliver a consistent brand and marketing experience to our clients at every point in the home-selling process, which ultimately makes our brand even more valuable to an agent’s business.”

Glad to see these two great companies working together.

Industry Relations: Spiderman, Spending Controversy & the Same Old NAR?

As Peter Parker will tell you, great power comes with great responsibility. And there is little doubt that NAR has a great deal of power. With Bob Goldberg at the helm, many have anticipated a ‘kinder, gentler NAR,’ an organization that rules with a warm embrace rather than an iron fist—serving its membership with open discussion and greater transparency. Does the recent drama over the dues increase demonstrate a more-of-the-same-old approach from NAR leadership? Or is the perceived crisis around the budget an overreaction? Is there evidence that the culture at NAR is really changing for the better?

Rob and Greg are back in the ring on the heels of the REALTORS midyear legislative meeting, going toe to toe over the recent controversy around NAR spending. They start with an overview of what went down, beginning with the Houston Association of REALTORS opposition piece in Inmanand the subsequent op-ed credited to Jim Harrison of MLSListings. Rob and Greg walk us through the retractions, rebuttals and apologies that followed as well as the board of director’s vote in DC.

Rob offers his take on NAR budget priorities, sharing the questions he has around spending on things like zipLogix, RPR and advertising to protect the REALTOR brand. He goes on to discuss the way NAR handled the spending controversy, framing it as a missed opportunity to embrace opposition as a catalyst for discussion rather than ruling with an iron fist—which may discourage membership from speaking up in the future. Greg offers his defense of NAR, pointing out that the SMART Budget Initiativeis clearly outlined NAR’s website and citing member engagement as an incredibly complex issue. Listen in for Rob’s insight around NAR’s responsibility to its members and decide whether NAR is, indeed, using its power for good.

 

What’s Discussed:

The Houston Association of REALTORS’ opposition to the dues increase

How the controversial op-ed credited to Jim Harrison went too far

The questions around NAR’s spending on zipLogix, RPR and advertising

The line items Rob would like to see NAR prioritize in its budget

– Advocacy

– Professionalism

Greg’s perspective that there is no evidence of an NAR crisis

How NAR might have handled the spending controversy differently

– Could have offered ‘warm embrace’

– Opposition as catalyst for discussion

NAR’s postponement of the 2.5% annual dues increase

Rob’s take that NAR’s iron fist will discourage others from speaking up

Rob’s concern about the lack of explanation regarding NAR spending

Greg’s defense of NAR as being more transparent than ever before

SMART Initiative outlines spending objectives

– Elizabeth presented proposed budget at T3

– Communication with membership is difficult

Rob’s belief that NAR’s power gives them a higher level of responsibility

Resources:

 

Houston Association of REALTORS Member Survey

HAR’s Dues Increase Opposition Piece in Inman

Jim Harrison’s Op-Ed in Inman

HAR’s Clarification and Apology

Harrison’s Apology

NAR’s SMART Budget Initiative

Rob’s ‘Crisis and Opportunity’ Blog Post

 

Our Sponsors:

Cloud Agent Suite

The Red Dot

 

Connect with Rob and Greg:

Rob’s Website

Greg’s Website

Email gregrobertson@gmail.com

 

Captain Luddite and the iBuyer

Cameron Paine on Inman News…

What my old-fashioned dad taught me about the ‘typical’ iBuyer

In short, I thought an iBuyer was someone in a very particular, time-sensitive situation who would trade getting top dollar on their property for security on the price.

I firmly believe that there will always be a market for these types of sellers, but what I never even considered was that someone who had no time pressure whatsoever would find the model attractive because of sheer convenience. Now that was eye-opening.

This got me wondering whether the real estate industry has underrated convenience as a factor in the real estate transaction. Surely there are more people out there like my father who value time and convenience over money.

Great story from Cameron. I have to agree with him, I thought the total available market (TAM) of these types of Sellers was limited. As time goes on my attitude is changing. I think this is a much bigger market than a lot of us realize.

BTW if you haven’t checked out Cameron’s blog, PainePoint, you should.

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