Where Real Estate Gets Its Dirt

Rob Hahn calls bullshit on Compass claims

Compass and Coming Soon: Not About the Client

“If the Governing Principles to the Compass Agreement had read something like “Agent must use “Coming Soon” with those sellers who understand the pros and cons of the program, have privacy concerns, or other extenuating circumstances, first activating those listings for 5 days internally…” then there is some basis to think that maybe the policy really is about providing flexibility to the seller.

But the way the Agreement spells things out, it is crystal clear that Compass doesn’t care about the seller in the least bit. In fact, I’m not even sure that Compass cares about the fiduciary relationship between the Agent and his or her sellers. I mean, how likely is it that every single seller of a Compass agent would benefit from “Coming Soon” that is exclusive to Compass for a minimum of 10 days?”

Someone sent a copy of Compass’ Independent Contractor Agreement to Rob and its a doozie. Apparently, if I’m reading this right, a Compass agent under this agreement must put their ALL their listings in the in-house Coming Soon/Pocket Listing process or they lose their splits and perks.

For some reason “Cory” left that little nugget out of in their “pre-litigation” letter to Bright MLS.

Here’s Rob again about Compass’ claims…

“ “All of Agent’s sellers” puts the lie to the various excuses offered up that Coming Soon is really about client service. A “Coming Soon” strategy that is about the seller would never be a blanket one-size-fits-all policy, but one that makes certain that the seller is well-informed and is voluntarily choosing the strategy fully aware of the risks and rewards involved.

What a disaster.

#PutItOnTheMLS

Redfin throws support to NAR’s Clear Cooperation Policy 8.0, cites “minority” access.

Why We Should All Support Clear Cooperation

Redfin Supports Clear Cooperation
We hope it’s approved. After years of giving Redfin.com visitors early, exclusive access to Redfin listings, we wholeheartedly support this policy. We aren’t doing this because it’s good for Redfin: we still have thousands of listings that we would love to reserve for our own website. But we know that the policy is a crucial protection for consumers, especially members of minority groups who, research shows, are often the last to find out about pocket listings.

My man-crush on GFK (Glenn Fucking Kelman) continues.

#PutItOnTheMLS

Restb.ai joins CoreLogic Alliance Network

I’m a big fan of Restb.ai. The work they have done on image recognition is amazing. I interviewed Dominik Pogorzelski, Restb.ai’s VP of Product and Operations on my Listing Bits podcast.

The use of image recognition for compliance in a listing input isn’t new. MRED did it first. I saw Chris Haran, CTO of MRED, demo this awhile back. It’s a great use case for this type of tech. But, the applications for image recognition in real estate are endless. Excited to see where this goes.

————————————————————————————–

Full Press Release Below:

— Computer Vision Solution Provider Restb.ai Joins CoreLogic Alliance Network —

CoreLogic Adds AI Photo Inspection to Listing Compliance Solution

IRVINE, Calif., Nov. 6, 2019—CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that Restb.ai™ has joined the CoreLogic Alliance Network and will integrate its AI image recognition technology with CoreLogic Listing Data Checker, the foremost data quality assurance and compliance solution for multiple listing organizations. The Alliance Network is an assembly of recommended third-party applications that are deeply integrated with CoreLogic Real Estate Solutions (RES).

The industry’s leading computer vision solution, Restb.ai uses artificial intelligence to automatically scan, identify and classify images containing a range of privacy and policy violations. Under the agreement,Restb.ai technology will be fully integrated with Listing Data Checker and offered as an optional photo compliance module that saves time and effort and can detect violations that humans miss.

“In the past, real estate listing photos had to be manually reviewed by staff for compliance with multiple listing rules,” said Amy Gorce, principal of Business Development for CoreLogic RES. “Listing Data Checker clients can now use AI-powered image recognition technology to automatically detect photos containing prohibited content, including people, license plates, yard signs, phone numbers, email addresses and more. It’s the ambitious, logical next step for our class-leading compliance solutions.”

“Images are an integral part of the listing and until now, image compliance has been an expensive human cost” said Dominik Pogorzelski, VP of Product for Restb.ai.  “We’re excited to work with CoreLogic to bring our AI technology to Listing Data Checker creating a complete listing compliance service and reducing the time and cost to get listings online and working for members and clients”.

“We’re very pleased to add Restb.ai to the Alliance Network,” said Chris Bennett, executive for CoreLogic RES. “CoreLogic is working with several leaders in the AI space to enhance the speed and accuracy of our solutions. AI is an important part of our strategy for real estate, and this is just the beginning.”

For more information, visit www.restb.ai.

About CoreLogic

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective holders.

Sponsored By Paragon Connect