The Inman Files: Who is getting rich in real estate?

I have contacted Forbes Magazine about their Top 400 Richest People list because they obviously made an editing error, a grave omission. No one (almost no one) is included from the real estate services or real estate portal space. How could that be wit…

Battling insurance: The dark side of disaster recovery

In the aftermath of four major natural disasters in the last month — Houston, Puerto Rico, South Florida and now Napa and Sonoma — plans to rebuild have already begun. And insurance companies are wringing their hands, plotting their next moves …

The Inman Files: Ending 155 years of real estate scams

Thirty some years ago when my older brother was climbing the corporate ladder in a Big Four accounting firm, he was relocated to the company’s New York City headquarters. A little green in the ways of the city, he got a telephone call one Sunday afternoon from a man claiming to be an executive with a big client of the firm. He said that he had traveled to New York City from London, lost his wallet and asked my brother to help him out with travel expenses …

The Inman Files: Don’t wait for Opendoor to eat your lunch

Face it, the Opendoor iBuyer model of a fast, furious and certain home sale is beginning to get market share. What does a traditional broker owner do? Complain to NAR? No. Start a “Stop Opendoor” (SOD) campaign? Please. Change your listing offer? Now we’re talking …

The Inman Files: All-day open houses and reconsidering Chris Rock

You can imagine the day when the houses with more showing hours and easier access will sell faster than homes done the old way. The parallel to e-commerce is unmistakable …

The Inman Files: Blow up Upstream

Two years ago, Inman Connect held a panel on the Upstream Project, the budding real estate broker initiative to take back control of its home listings. After a detailed explanation by one of the founding Upstream members, I asked one of the other panelists, savvy real estate team leader Lisa Archer, what she thought of Upstream. She deadpanned, “What is it? I don’t understand. How would that help me, exactly?” …

The Inman Files: Can NAR and C21 reckon with ghosts of the past?

I had a “suite meet” with new NAR CEO Bob Goldberg when I attended the trade group’s fat cat (leadership) gathering in Chicago this week. The affable new chief executive manages thousands of volunteers, a $187 million operating budget and a sprawling team of lobbyists, educators, publicists and event planners …

The Inman Files: Bigger is better, just ask these 2 real estate billionaires

A new generation of real estate hotshots have been reveling in a heap of hoopla: Zillow’s Spencer Rascoff, Compass’s Robert Reffkin, Houzz’s Adi Tatarko and Redfin’s Glenn Kelman. But do not underestimate two old-school real estate billionaires — Howard Lorber from the East Coast and Bill Foley from the West Coast …

The Inman Files: Pocket listing + dual agency = home sale horror story

Once, many years ago, I got totally aggravated by how dirty my shower had gotten. In my impulse to clean up the mess, I threw some Clorox on the tile floor and then sprayed liquid ammonia on the walls. I nearly died. Another volatile combination I have…