Where Real Estate Gets Its Dirt

T3 Tech Summit

I had a chance to attend the T3 Tech Summit in Newport Beach, California. A few people have asked me online how the event was so I thought I would do a quick post on my experience.

Jack Miller President & CEO of T3 Sixty

All in all Jack and team did a great job and would definitely want to attend again.

The event was held a the Vea hotel in Newport Beach, CA. The hotel was recently remodeled beautifully. I believe Marriott still manages the property but it was more of a resort vibe than the old Marriott that stood there. This is a signature of T3 events, where they like to hold them in upscale and sometimes unique properties. The best thing was it was only about 15 minutes from my house. : )

The event kicked off on October 31st with a short keynote presentation and a welcome reception. I think that may have hurt them a bit (along with being just a week before NAR Annual), I had to leave the welcome reception early to go spend Halloween with the kiddos, so I’m sure a lot of people either didn’t attend or arrived the day after due to the conflict.

Dr. Howard and Jack

I really enjoyed the keynote. The speaker was Dr. Ayanna Howard. She was at NASA’s JPL working on the Mars rover and is now Dean at the College of Engineering at Ohio State University. I think this is also a trademark of T3 events, really unique keynote speakers. I sense someone over there is a space nerd too, so loving that thread. Dr. Howard was super smart and spoke about AI.

They had a bunch of other speakers. I really enjoyed Wendy Purvey, President, and COO of Pacific Sothebys International. Wendy has been in real estate for over 30 years and did a great job explaining where brokers’ headspace is at now and how companies selling technology should be approaching them in this market.

I also enjoyed Jimmy Mackin from Curaytor. His presentation about the metrics from high-producing teams and how brokers can win by duplicating Zillow (I’m paraphrasing here) was amazing.

There was also a mix of speakers from T3 Sixty highlighting their services (another staple of T3 events), which feel a bit long, but hey, you gotta pay the bills!

One of the features T3 Sixty was highlighting before the event was the “experience rooms’. Basically these were rooms with large displays. The “experience” part was dependent on the vendor, so they were a bit hit or miss. But I do appreciate T3’s goal of bringing innovation and a new experience to your standard vendor alley (pardon the pun).

They also gave out the “EXHIBIT” design awards for brokerages. They split the country into 3 parts, West, Mid-West, and East Coast. I was less impressed with the choices here. For instance, I don’t care what you show me there is no way Baird & Warner beat out West + Main for best brokerage design.

I loved, loved, loved the “pitch battles”. Three vendors (per product/service segment) got up on stage and had a limited time to pitch their product/service. Then a group of three judges of industry peeps (Sean Wheeler, CTO of Lone Wolf is pictured in the middle seat) gave their feedback and favorite along with audience voting.

I didn’t get a chance to attend day 3 of the conference, the fuel pump in my VW Beatle failed on the way to the event (long story).

During the event I caught Stefan watching intently from about the 4th row, stage right. I can imagine him taking mental notes, and his other thoughts having commanded the stage for so long. I’m sure more than once he would have loved to jump up on the riser himself. But I don’t think you have to worry Stefan. The boys (and girls) are alright.

Thanks again to Jack and Travis and the rest of the T3 Sixty team for their wonderful hospitality and looking forward to next year.

State of the Industry with Jack and Stefan

T3 Webinar: State of the Industry

“Join founder and creator of the Swanepoel Trends Report, Stefan Swanepoel, and T3 Sixty President and CEO Jack Miller, for a powerful and frank discussion on the latest strategies and changes you should be on the look-out for.”

Always interested in different perspectives. September 14th, Noon PT. Save Your Spot.

New “homeowner portal”, Milestones, gets $10.3M in Series A funding.

3 years in hibernation, Milestones emerges with $10M in funding

From Inman News…

“Updater, itself enriched after pocketing $60 million in financing at the end of 2021, was the primary source of funds for Milestones.

Other groups participated in the fundraising namely Second Century Ventures(the strategic investment arm of the National Association of Realtors), Peerage Capital, McLaughlin Ventures, WAV Group Ventures, T3 Partners and Sellers Shield.”

Cap tables are getting super interesting.

Double booked!

It’s been a hell of 3 weeks. Inman Connect NYC, RESO Spring Conference, and this week a double whamo, NAR Midyear (after a two-year hiatus), and the T3 Summit in San Antonio. It’s a shame they are landing in the same week. I blame NAR for that, just like I blame them for booking their iOi Summit on the same days as CMLS 2022. Lamesauce.

John
Jessica

Many companies I’ve spoken to are splitting teams. At Lone Wolf we have John Warner and Jessica Richardson hosting meetings at NAR Midyear for our MLS Team. If you want to meet, don’t be shy and reach out to them.

I’m heading to the T3 Summit in San Antonio, so I hope to see some of you there as well. Travel safe everyone!

Jack Miller named CEO of T3 Sixty

Jack Miller named CEO of leading residential real estate management consulting firm T3 Sixty

“T3 Sixty, a real estate management consulting and analytics firm, has named company president Jack Miller as CEO, effective May 3, 2022. He will take over the role from real estate industry icon Stefan Swanepoel, who founded the influential company in 1998 and led it as CEO since. Miller, who has been with T3 Sixty since 2013, will continue to hold the president role and report to Swanepoel, who will move to executive chairman and remain the firm’s largest shareholder.”

Huge congrats to Jack. He is one of the smartest guys in the business. I have to say T3 Sixty’s Real Estate Almanac and their yearly Trends Report have really been an invaluable resource for vendors, MLS organizations, Franchisors, and brokerages of any size. Glad to see Jack take this position and I’m sure Stefan is happy to have such a competent leader take the reins.

The 2022 Swanepoel Power 200 list

The SP200 list is out today. You can argue the logic/criteria of these lists but I find them great for conversation and discussion. I have to say that overall the top 10 is not what I expected. When I think back to 2021 I don’t think “Wow…Gary Keller is really killing it and making the moves.” I would still say, as much as nobody wants to hear it, Rich Barton of Zillow is still the one everyone is watching.

Art Carter #30

By my count 15, MLS executives made the list. That’s down from previous years. Art Carter, CEO of CRMLS, moved into the top spot at #30. Bob Hale, CEO of HAR came in at #32, Brian Donnellan, CEO of Bright MLS at #52, Teresa King Kenney, CEO of Miami Assn. of REALTORS at #69, John DiMichele, CEO of TREB at 78, Merri Jo Cowen, CEO of Stellar MLS at 87 (up from #96 last year), Rebecca Jensen, CEO of MRED at #97.

Jeremy Crawford, CEO of FMLS at #111 (biggest mover, up from #165 last year).

Matt Consalvo, CEO of ARMLS #120, Dionna Hall, CEO of Beaches MLS at #125, Jim Speer, CEO of OneKey MLS at #134, Emily Chenevert, CEO of Austin Board of REALTORS at #155, Tom Hurdelbrink, CEO of Northwest MLS at #170, Brad Bjelke, CEO of UtahRealEstate.com at #178, Chris Carrillo, CEO of Metro MLS at #182 and AnneMarie DeCatsye, CEO of Canopy MLS at #192.

Jimmy Kelly #58

After acquiring 4 companies in 2021, Jimmy Kelly, CEO of Lone Wolf Technologies‘ first appearance on the list came in at #58 (he is going to hate that I featured him on my blog). Congrats Jimmy! 😇

Other notable vendors include Prem Luthra, CEO of Elm Street Technology at #107, Ben Graboske, president of Data & Analytics, Black Knight at #112, Michael Wurzer, CEO of FBS at #122, and Charles Drouin, CEO Prospect Software at #184.

Curious that nobody from CoreLogic appears on the list.

Other notables include Sam DeBord, CEO of RESO at #160, Denee Evans, CEO of CMLS at #179.

Natalia Karayaneva, CEO of Propy, and the biggest voice talking blockchain and crypto in real estate is the first signal of these technologies entering into our collective headspace.

Congrats to everyone! Message me if I missed anything and sorry for any typos.

My T3 Sixty Interview

T3 Sixty Organized Real Estate with Clint Skutchan with guest Greg Robertson

Enjoyed my conversation with Clint.

T3 Sixty launches a new management consulting division focused on increasing diversity in the real estate industry.

Stefan Swanepoel and Kenya Burrell-VanWormer

T3 Sixty launches diversity initiative for real estate

“The initiative, led by Texas Realtor and Houston Association of Realtors board member Kenya Burrell-VanWormer, will focus on helping companies improve diversity with different strategies and initiatives.

“The desire by T3 Sixty to help improve diversity in the residential real estate industry was born out the frustration in seeing ongoing discrimination and the lack of opportunities that exist for people of color,” T3 Sixty Chairman and CEO Stefan Swanepoel said in a statement. “We must treat people of all backgrounds and race groups fairly and justly.”

I’m glad to see that the issue of increasing diversity in all aspects of our lives is here to stay. But it is not fraught with some risk. Glenn Kelman, CEO of Redfin, who has openly talked about diversity being a high priority at his company has come under fire for talking the talk, but not walking the walk. So I applaud Kenya and T3 Sixty for putting themselves out there to help the industry move forward.

I know some want to see more focus on fair housing, especially after the Long Island scandal, and President Trump’s recent tweets. But how are we to change anything unless we have enough diversity in the people that are actually making decisions to effect real change?

It’s easy to be cynical about these issues. But I want to learn and send as much positivity as I can to any effort that will help our country become a more perfect union.

Mark Lesswing promoted to CTO of T3 Sixty

Mark Lesswing

T3 Sixty promotes former NAR executive Mark Lesswing to CTO

“While at NAR, Lesswing helped develop the trade association’s blockchain initiatives, including the Realtor Association Blockchain, a system designed to organize the secure management and distribution of Realtor membership information among Realtor associations across the nation. He is also a co-founder of The Real Estate Blockchain Initiative, a group designed to support real estate blockchain standards.
“Mark’s rich depth of real estate technology expertise as well as his excellent management of three of our large technology clients during the past year has undeniably proven he is the right person for the job,” said T3 Sixty CEO Stefan Swanepoel. “The move allows Jack to focus on building an even larger infrastructure to support our over 100 enterprise clients in our management consulting practice.”

Congrats Mark!

Join me on an interactive panel tomorrow

Social Connecting: Bigger Picture: Learning Opportunities, Emerging Strategies, and Lasting Innovations

“Join Clint Skutchan, VP of Association/MLS for T3 Sixty, along with three of the industry’s leading voices as they discuss bigger picture considerations, including: 

– Lessons being learned that could be used to inform future daily practices 
– Emerging near term strategies 
– Potential for lasting innovations “

I’ll be joined by Brian Donnellan, CEO of Bright MLS, Sam DeBord, CEO of RESO and Clint Skutchan, VP of T3 Sixty will be facilitating the discussion.

You can register here = > Social Connecting: Webinar Registration

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