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Tag: National Broker Public Portal

Why Exactly Do We Need the BPP?

Why Exactly Do We Need the BPP?

Why exactly do we need the Broker Public Portal? That’s a question I’ve been trying to answer every since it started. A few industry leaders offer their answer in the following video… One critical voice is missing….the consumer. I didn’t hear any of them explain…

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Listing Bits Podcast with Victor Lund, and More on Broker Public Portal

Listing Bits Podcast with Victor Lund, and More on Broker Public Portal

I listened to Greg’s Listing Bits podcast with Victor Lund the other day. Here’s the episode for the curious folk: Homesnap recently raised a $14 million Series B. Like Greg, I really wonder how those VCs are ever going to get their money back if the brokers…

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Broker Public Portal Comes to NWMLS / Seattle

Broker Public Portal Comes to NWMLS / Seattle

It’s been awhile since we’ve talked about Broker Public Portal here (now a joint venture with Homesnap). Just this month, Homesnap raised $14 million. A few stats: 21 million consumers used the Homesnap site/app in 2017 8.5 million consumers engaged with agents on the Homesnap site/app…

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Why Brokers Support The Broker Portal

Why Brokers Support The Broker Portal

Background For the past two years, it has been my distinguished honor to serve the industry in the development of the Broker Public Portal. Today, I serve as the company’s Chairman, and am one of the representatives of the Large Broker class of the Board…

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Homesnap + Broker Public Portal

Homesnap + Broker Public Portal

I saw the news that Homesnap and Broker Public Portal formed an equally owned joint venture. (click here for prior writing on Broker Public Portal) A few things… First, I’m still unclear EXACTLY what the goal of Broker Public Portal is? Second, is the new joint venture…

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SRE Matrix, and Recreating the Portal Wheel

SRE Matrix, and Recreating the Portal Wheel

SRE Matrix has $200 million in funding from Takeshi Sekiguchi, operating a discount model in Hawaii and San Diego, and looking to expand (see Inman). What are they doing with all that money? Building another national portal… The brokerage planned to have set up shop in…

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Realogy Invests in Estately

Realogy Invests in Estately

Some of you may have seen the news that Realogy has made a strategic investment into Estately (I saw the news on GeekWire). Galen is another real estate tech entrepreneur based here in the Seattle area, which of course is home to Zillow, Redfin, & MarketLeader….

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Expedia-Orbitz Gets Final Approval

Expedia-Orbitz Gets Final Approval

I’ve wondered whether real estate will follow travel on this exact path. Tnooz is reporting that the Expedia-Orbitz acquisition finally received regulatory approval. How long until Broker Public Portal eventually gets purchased by Zillow (or whoever #1 in the market is a few years from now)?

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Example Results When Agents Try to Build Portals

Example Results When Agents Try to Build Portals

As a result of the ongoing discussion about Broker Public Portal (most recent thread here), I did a little bit of digging to figure out whether there have been other “agent/broker led” portal initiatives that have successfully competed against market leaders in other countries. I found this article…

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BPP Selects 1000Watt

BPP Selects 1000Watt

It’s no secret I’m not the biggest fan of the Broker Public Portal. I really don’t see how it makes strategic financial sense, and have long thought the project will be a colossal waste of money rebuilding the exact offering that has taken Zillow 10 years – and millions and…

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