T3 Insight

Real estate goes public, ORE scorecards + how to recruit top agents

Articles in this Edition

In this edition of T3 Insight, T3 Sixty's latest monthly analysis of the residential real estate brokerage industry includes articles on Real estate goes public, ORE scorecards + how to recruit top agents. Take a deep dive below.

Released February 17, 2021

Real Estate Goes Public

by: Paul Hagey

T3 Sixty’s annual MLS and local Realtor association scorecard results

by: Clint Skutchan

How to recruit the top agents in town

by: Dean Cottrill

What We're Reading

In addition to the articles, here are a few items we are reading from across the internet.

Matterport to go public via SPAC

In 2011, the company began focusing on providing 3D tours for homes, but has since expanded to other industries, currently claiming the largest spatial data library in the world with over 10 billion square feet of space mapped. All parts of the real estate ecosystem are moving toward public markets to effectively compete as the industry matures. With IPOs and the relatively new SPAC route, companies have increasing options. Read the lead article in this Insight “Real Estate Goes Public,” for more details.

FINMES

Zillow Group will pay $500M to acquire home touring tech company ShowingTime

Zillow Group continues to acquire components that power real estate’s infrastructure, and ShowingTime is another example; previous transactions include the MLS software platform Bridge Interactive, which it acquired in 2016, and digital transaction management platform dotloop, which it acquired in 2015. ShowingTime is Zillow Group’s 17th acquisition and its second largest by acquisition price, behind its $2.5 billion Trulia acquisition in 2015.

GeekWire

What to do if your team doesn’t want to go back to the office

The return to physical offices will be one of the biggest challenges companies will have to make coming out of the pandemic. Leaders need to think carefully how to implement the transition of reintegrating their workforce into offices.

Harvard Business Review

The marketplace MLS mandate

The first of a five-part series on MLS is a must-read for MLS decision makers. The focus is on transparency and data with a great mix of actionable and strategic items.

Realtor Magazine

Fathom Holdings subsidiary, IntelliAgent, signs definitive agreement to acquire technology platform Naberly Solutions

Fathom’s tech acquisition underscores the trend of large brokerage companies looking to bring more technology in house. This push to arm themselves with technology accents the brokerage trend of going public, which gives firms the access to capital to invest in their own platforms. T3 M&A (a division of T3 Sixty) facilitated this transaction.

PR Newswire

Court throws out pocket listing lawsuit against NAR and MLSs

The Clear Cooperation Policy has rocked the industry boat, but the allegations of anticompetitive outcomes from the PLS and other pocket listing services always appeared to be a stretch. Organized Real Estate faces some compelling litigation – primarily that centered on the industry’s prevailing commission structure – but this is not in that class.

Inman

2 private equity companies acquire CoreLogic

Hit the pause button before getting worked up about this sale. It is way too early to understand what the real impact, if any, will be on real estate brokers and agents. Stone Point Capital is also a major stakeholder in Lone Wolf Technologies so this acquisition may actually create some opportunity for synergies.

CoreLogic