Where Real Estate Gets Its Dirt

Tom Ferry partners with Contactually for the “Tom Ferry CRM”

Via Inman News

Real estate coach Tom Ferry launches ‘The Hub,’ a CRM and tech suite

“Ferry’s new set of products is called The Hub. The suite includes the new CRM, a referral network informed by an algorithm, video role plays to practice different situations in real estate and tools for business planning and activity tracking.

The main innovation of Ferry’s CRM — appropriate for his role as chief real estate coach — is that it allows real estate coaches to log on and see a version of the CRM with personal client information stripped away to track how their real estate agent clients are doing.

That anonymized view allows coaches to directly see what their agents are doing instead of relying on what agents tell them.

Besides that, the Tom Ferry CRM shares most of its features with Contactually’s other CRMs.

“We’ve been providing the system, the tech part of it. Now what this does is marry that with the coaching side of things,” Contactually CEO Zvi Band told Inman.”

Really, really smart. By blending what Tom Ferry does so well with what Contactually does so well they have created a truly unique experience/product.

The issue that companies like RE/MAX and Keller Williams are going to face is that real estate software is getting better. And franchisors are going to have to compete with solutions like this. With adoption of franchisor provided technology hovering between 8%-10%, and 3rd party software getting better, I don’t care if you call yourself a “technology company” or not, adoption is going to be tough battle.

Congrats to Tom Ferry and big congrats to Zvi and the amazing team at Contactually. Love the innovative thinking behind this effort.

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