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Saturday, 25 May 2019
Agent Resource Center
This Old House - Do-it-Yourself

Lesson Plan For The Future - Data and Information

Written by Posted On Wednesday, 17 April 2019 05:00

The listing information you collect and submit to your MLS today will someday be the price you pay for access to available property inventory. You may even receive a bonus for your data.

P-C-M:

Protect - Control - Monetize

Everyone is making money around your listing data except you.

Unique economics surround data and information which make it ripe for monetization.

Information has unique characteristics:

1. Information is reusable
2. Information is liquid in a wide variety of contexts
3.Information is not considered a capital asset
4. When bartered, information is not taxed
5. Information is easily replicatable
6. Information can be transferred easily and instantly
7. Information has exponential benefits

(Infonomics, How to Monetize, Manage, and Measure Information as an Asset For Competitive Advantage)

Information is the currency of the Twenty First Century (Toffler).

Read 419 times Last modified on Friday, 12 April 2019 12:28
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Saul Klein

In 1948, doctors told my father that his life aboard submarines on war patrol in the South Pacific and the depth charging he experienced had rendered him sterile. Although controversial and not widely applied, he was treated with an Ayurvedic therapy called “shivambu.” If you are unfamiliar with this term, I recommend you Google it because against all odds, I came to exist.

That was a loony segue into my life but is a fitting precursor to a career that would be just as incredible.

Like my father, I joined the Navy. However, due to a medical inconvenience, I was honorably discharged after 6 years of commissioned service, all on Sea Duty. This was an opportune misfortune that led me down the path to a successful career in real estate. Both my father and grandfather flirted in real estate brokering and flipping part-time, and I followed suit but making a lifelong career out of it.

With over 40 years in real estate, it is impossible to talk about my experiences in this small window. But I can proudly say that I am well-recognized as an industry pioneer, especially in real estate syndication and education, and one of the few luminaries that paved the way for real estate’s transition to the online world.

Some highlights of my life’s work:
● Co-created ePRO, technology certification course that certified 70,000 students
● Created the first online communities for real estate professionals to network, learn, and sell
● Created "Opt Out" Listing Syndication, aggregating over 1.4 Million Listings in 18 months
● Built the #2 National Listing Syndication Service, Point2 Technologies, sold to Yardi in 2010
● Founder of the California Association of Buyer’s Agents
● Member of the first REALTOR.com Team, pre-IPO, responsible for obtaining first 500,000 listings
● Helped Zillow and Trulia build up their MLS data inventory

Today I continue to lead efforts that bring new technologies to the real estate industry. Feel free to reach out and learn more.

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