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Listing Bits

Greg Robertson, co-founder of W+R Studios and publisher of Vendor Alley, talks real estate technology with the people who are shaping it.
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Now displaying: 2022
May 9, 2022
Approximately 8 million appraisals were conducted in the US last year. By contrast, there are only 40,000 active real estate appraisers. So, it's no surprise that Fannie Mae and Freddie Mac are exploring appraisal modernization initiatives like the desktop appraisal option.

 

But to make these alternatives to the traditional appraisal work, we need data in the form of an accurate floor plan. And we need it at scale.

 

Jeff Allen is EVP of Innovation Labs Clear Capital, a leading property valuation tech company, and President of CubiCasa, an easy-to-use app for automating the creation of real estate floor plans. On this episode of Listing Bits, Jeff explains how the barrier to entry to become an appraiser has sparked a total transformation of the industry.

 

He discusses his work helping GSEs test alternatives to the traditional appraisal, describing why floor plans are an essential part of ‘bringing the house to the appraiser’ and how he discovered the CubiCasa technology that automates the process. Listen in for Jeff’s insight on the copyright dispute over real estate floor plans and learn how to support the creative partnerships necessary for CubiCasa to scale.

 

What’s Discussed:  

 

How Clear Capital serves large financial institutions in the realm of property valuation

How the barrier to entry to become an appraiser has sparked a total transformation of the industry

Jeff’s work helping GSEs test alternatives to the full traditional appraisal

Why floor plans are essential in ‘bringing the house to the appraiser’

How Jeff discovered the CubiCasa tech for automating floor plans and how it works

The creative partnerships necessary for CubiCasa to achieve scale (e.g.: real estate photographers)

How the desktop appraisal option supports CubiCasa’s efforts to scale

The other major appraisal modernization initiatives coming from Fannie and Freddie

Jeff’s take on the current copyright dispute over real estate floor plans

 

Connect with Jeff:

 

CubiCasa 

Email: jeff [at] cubicasa [dot] com

Jeff on LinkedIn

Clear Capital

 

Resources:

 

10K Research and Marketing

Appraisal Subcommittee

Dodd-Frank

Desktop Appraisals

Vendor Alley

FloPlan App

Greg’s Post on FloPlan

Copyright Dispute Over Real Estate Floor Plans

Designworks Homes v. Columbia House of Brokers Realty

CMLS’s Amicus Brief on the Floor Plan Copyright Dispute

NAR’s Amicus Brief on the Floor Plan Copyright Dispute

 

Our Sponsor:

 

Cloud CMA for Brokers

Apr 28, 2022

We're baaaaaack!  

 

I spend a lot of time at conferences explaining why MLSs, brokers, and franchisors should let the ‘professionals’ build their technology. And yet, there are real reasons why these stakeholders might want to design their own.

So, when is it appropriate for an MLS to create its own tech stack rather than relying on a vendor? And what does the development process look like?

Faith Geronimo and Colleen Yasuhara are the CEO and COO, respectively, of Hawaii Information Service (HIS), the MLS provider for the islands of Hawaii and Kauai. On this episode of Listing Bits, Faith and Colleen explore HIS’s history of building its own technology and explain their decision to spend the last four years creating a new MLS system.

Faith and Colleen discuss the transition from their initial system, REsearch, to the new HIMLS, describing HIS’s partnership with software developer MEV and their experience working with a team of Ukrainian developers. Listen in to understand why the Russia-Ukraine conflict hasn’t disrupted the development process and learn how HIS leveraged research and user testing to inform the design of HIMLS.

What’s Discussed:  

HIS’s role as MLS provider for the islands of Hawaii and Kauai

HIS’s history of building its own technology

How Faith & Colleen’s decision to build a new system on their own was influenced by their ability to integrate public records and MLS data

Faith’s take on why Hawaii needs 3 MLS providers

What Faith & Colleen learned in their research on MLS systems and how it informed the design of HIMLS

How the pandemic influenced the development process and allowed for rigorous user acceptance testing

The timeline for the transition from REsearch to HIMLS from 2018 to present

HIS’s partnership with MEV and how they built the portal and web API together before tackling the MLS

Faith & Colleen’s experience working with developers in the Ukraine and why they flew the team to Hawaii early in the process

How Ukrainian developers continue to work on HIMLS despite the Russian invasion and how they’re handling the conflict

Connect with Faith & Colleen:

The Story of HIMLS

Hawaii Information Service

Hawaii Information Service on YouTube

Faith on LinkedIn

Colleen on LinkedIn

Resources:

HIMLS Update on YouTube

Inman Connect New York

CMLS Conferences

Craig Pennington

Paragon

Matrix

Realist

RESO Web API

MEV

Alex Natskovich

 

Our Sponsor:

Cloud Agent Suite

Jan 12, 2022

When Zillow announced its intention to acquire ShowingTime in February of 2021, a slew of companies jumped into the showing solutions space. But Instashowing had already been in business for two years, and despite the fierce competition, its young founder believes that his startup has an edge.

William Schoeffler is the Founder of Instashowing, a software company out of Bend, Oregon, that offers the premiere showing solution for forward-thinking real estate professionals. On this episode of Listing Bits, William shares the experience with an agent that inspired him to build Instashowing and describes the suite of listing agent tools his team is developing.

William explains how he raised $4M on the heels of Zillow’s acquisition of ShowingTime, discussing the expectation to grow that comes with that kind of an investment and the advantages Instashowing has over its many competitors. Listen in to understand the challenge of supporting several showing solutions in a single market and learn how William is forming a syndicate to allow MLSs to invest in Instashowing.

What’s Discussed:  

The experience with a real estate agent that inspired William to build Instashowing

How William raised $4M from industry giants Pete Flint and Greg Schwartz

The wave of competitors in the showing solutions space after Zillow’s acquisition of ShowingTime

Why Instashowing started selling to agents and brokers (not MLSs) when it launched in 2019

The advantages Instashowing has over its competitors

How Instashowing’s success in a given market hinges on full integration with its MLS

Why William believes the industry will return to a single showing solution product in each market

The suite of listing agent tools Instashowing is developing

The expanding vision and expectation to grow that comes with a $4M investment

Why William is not planning on adding a call center to the Instashowing offerings

How William is forming a syndicate to allow MLSs to invest in Instashowing

Connect with William:

Instashowing

William on LinkedIn

 

Resources:

Instashowing’s $4M Raise

Zillow’s Acquisition of ShowingTime

Tomo

Offerpad

BrokerBay

Homesnap Showings

MLS Aligned

SentriLock

CRMLS Glide

 

Our Sponsor:

Cloud CMA for Brokers

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