Where Real Estate Gets Its Dirt

Having a strategic plan is a good idea.

“You’re playing a game whether you realize it or not, and seeing the game helps you play it better” – Seth Godin

I was forwarded Zillow’s “strategy document” last week and was asked if I had any opinions on it. I read the document, as much as I could since a lot of it was redacted (blacked out), and put it aside. Later I called my friend telling him my thoughts. Here are those thoughts.I was forwarded Zillow’s “strategy document” last week and asked if I had any opinions on it. I read what I could (most of it was blacked) and set it aside. Later, I called my friend and walked him through my thoughts. Here they are.

First, I was surprised at how early this came out. December 2024.

Then I thought: of course Zillow would be drafting something like this early. They’re a big company, and big companies plan ahead. They have responsibilities to employees and shareholders.

The document read like it came from a team that didn’t give a hoot about optics. That wasn’t their job. And honestly, you don’t want anyone crafting a strategic document with those biases anyway. You want cold, hard, black-and-white suggestions.

Some of the ideas were smart. Some weren’t. I have no clue how senior or junior the authors were, or what context they were given.

I didn’t plan to write anything about it, and what I definitely didn’t expect was for people to lose their freaking minds over a strategic plan. Then again, most of them were just using it to push their own agendas.

Every business should have a strategic plan. Having one is a good idea. You should do one.

And in my opinion, if your plan doesn’t have at least a few crazy ideas, you didn’t push hard enough.

All in

From Vegas to venture capital: Navigating the uncertain path of the proptech founder

“I think as a founder, what I have found through this journey is almost every couple of months I have to be a different CEO,” Reddy said. “Like I have to be a completely different person because what was needed from me for the company a few months ago isn’t what we need today because we’re inherently shifting, evolving, scaling as the industry goes.”

A great read from Craig Rowe at Inman News. Really captures the struggles of being a founder in this space. I know a lot of the people and companies he is talking about.

Hat tip to Vanessa, Scott, Terrance, Malte, Vijay, Andy, Greg, Alex, Dan, Audie, Shelia, and many others You guys all inspire me. And a special shout out to Cole Boyer with Tuesday. LFG!

Remine [Sponsor]

My thanks again to Remine for sponsoring this month’s Vendor Alley.

Recently acquired by Place, Remine is back on solid ground. With over 650K subscribers and a loyal user base Remine is ready to equip your MLSs and Associations with next-generation tools that deliver data, speed, and simplicity from start to finish.

My thanks again to Remine.

Bright MLS adds ICE’s Paragon Connect

Bright MLS to Integrate ICE’s Paragon Connect into Its Technology Ecosystem

“Our relationship with ICE allows us to expand access to the Bright experience beyond our traditional geographic borders in a way that respects how agents and brokers already work,” said Brian Donnellan, President and CEO of Bright MLS. “We’re committed to innovation that empowers agents, and this is one more way Bright is making the MLS more accessible and useful in a rapidly changing marketplace.”

My take is Bright is hedging. They’ve been building their own stack (Bright Solutions plus their research arm), but they’re not afraid to bolt on something that helps them scale faster or reach beyond current boundaries. Partnering with ICE gives them optionality without ripping out their existing systems.

For vendors, big MLS organizations are building hybrid ecosystems, some in-house, some licensed, and others launched as entirely new entities, all under pressure to modernize fast as rules, compensation structures, and user expectations change.

And yes, it also means ICE just landed one of the few whales left. Congrats to Lucie and her team at ICE.

Rosemary Scardina joins Constellation

Just got forwarded this news last week…

Former MLS Executive Rosemary Scardina joins C Data Labs
Constellation Software Inc. to restructure its Residential Real Estate Group creating a wholly owned subsidiary, C Data Labs.

“We recognize how critical MLS organizations, RESO standards, and their data guidance are to shaping the future of real estate technology. That’s why we created our Industry Relations function – to build stronger bridges between C Data Labs, MLSs, and the broader industry ecosystem, ensuring alignment, collaboration and transparency in how Data powers innovation.
Leading this effort is Rosemary Scardina, whose deep MLS experience, strategic mindset and passion for partnership make her the perfect fit to champion this initiative and strengthen our industry relationships” says VP of Ops of CDL

Now you know who to call.

Remine [Sponsor]

My thanks to Remine for sponsoring this month’s Vendor Alley. That’s right, you read that correctly, Remine! Times are a changing.

If you want a good primer about Remine’s new direction I suggest you listen to my recent Listing Bits podcast with Ben Kinney, Remine’s new owner. It’s a great conversation. I’ve also had some great conversations with Remine’s CEO Joe Kazzoun and will be sharing some of the new things Remine is working on this month.

My thanks again to Remine for sponsoring Vendor Alley.

Happy Veterans Day Mom!

😘

Rebecca Alicia Lerma, U.S. Army

50 year mortgage?

Trump proposes 50-year mortgage to help affordability

“The image Trump posted on Truth Social features a head shot of President Franklin Delano Roosevelt under the title 30-year mortgage, and his own head shot under a title of 50-year mortgage. Pulte then replied: “Thanks to President Trump, we are indeed working on The 50 year Mortgage – a complete game changer.”

I’m not sure the trade offs are worth it but I do think we need to start thinking outside the box to get more people in to homes.

Zillow accused of “kickbacks”

Zillow accused of using ‘kickbacks’ to boost mortgage business

“Zillow is accused of pressuring agents in its Premier Agent and Flex programs to steer buyers to Zillow Home Loans for pre-approval. Agents who sent more clients to Zillow’s mortgage arm were rewarded with extra or higher-quality leads, while those who didn’t could lose access to the lucrative Flex program, the filing claims.

Buyers, meanwhile, were allegedly steered toward Zillow Home Loans without realizing their agent’s business depended on it. The complaint states that “Zillow’s system harms consumers, who are robbed of the disinterested advice of their fiduciary real estate agent, and instead are unknowingly steered towards ZHL’s limited and often uncompetitive mortgage products.”

Who isn’t suing Zillow now? Seems like something they could easily settle, but what this has me thinking is the implications for the Redfin and Rocket deal? This RESPA shit is pretty tricky.

Kissing cousins, RPR and Sentrilock integrate


SentriLock and RPR Partner to Deliver Seamless Market Data

“Agents win when context meets the moment,” says Jeff Young, RPR chief operating officer and general manager. “By connecting RPR Market Trends into SentriKey, we’re putting trusted, hyperlocal insights exactly where showings happen…no switching apps, no delay. It turns every door open into a data-driven conversation that builds confidence and moves clients forward.”

Hard to believe there hasn’t been more of these integrations since they are both companies owned by NAR. Keeping ’em coming!

Sponsored By Aligned Showings