March 2024: PropTech Innovator Network Meeting Recap & Insights

By Chris Siebarth | March 8, 2024

The PropTech Innovator Network is a group of C-level PropTech executives who meet monthly to discuss the latest technology trends and receive unique insights from influential MLS & Industry leaders. On March 6, 2024, the Network welcomed special guest Saul Klein, CEO of San Diego MLS. Often hailed as the father of internet technology adoption in residential real estate, Klein has been a pivotal industry figure with multiple awards, accolades, and recognitions. His story was recently featured in the MLS-PropTech Digest and he shared valuable insights and thoughts on the future of the industry during the meeting. 

 

Saul Klein Conversation Highlights

For technology companies looking for direction in our rapidly changing industry, it is important to pay attention, look at what issues people are having, look at what technologies are arising, and then aim to connect the dots. Companies that keep their eyes open and notice trends early on have a better chance of positioning themselves for long-term success. Two of the most notable drivers of change to keep a close eye on include the litigation circulating the industry and the rapid progression of technology that we are seeing, specifically the rise of artificial intelligence. Both of these drivers point the finger toward the question; What do the roles of stakeholders look like today and how might they change in the future?

 

Although the future is still uncertain, one thing is clear: data is powerful, and the more you can leverage data in your business model, the better off you will be for it. There are many examples of companies leveraging MLS data to build multibillion-dollar companies and with the recent progression of AI technology, the door for innovation has burst wide open. But before you go data and AI crazy, Saul gave a very candid piece of advice for PropTech companies looking to create an impact: know your industry, and your customer. It’s not enough to have a great product, it must also be communicated and received well by your potential customer. Taking the time to deeply understand the needs of your customers and your industry is one of the most sure ways to guarantee your success.

 

Member News & Updates

Bill Gaul: BuildersUpdate.com has signed a new agreement with Southwest MLS putting them over 700k members.

Mark Richburg: Relevate will appear in next month's MLS-PropTech Digest!

Meg Garabrant: CRS Data and Earth Advantage have announced a partnership.

Jim Lawson: Relitix is launching alerts into their portal soon. Users will now be able to track when an agent gains a new listing, contract, or closes a sale.

Francis Gravel: Union Street Media’s client, Wallace Real Estate, won the LeadingRE Best Website of the Year award.

Camilo Lopez: INFINITE CREATOR launched a scalable API-driven photo-to-video tool for agents that is available at no cost when their MLS signs up.

Alex Gustafson: Oppy recently was featured on Inman for its ease of use and power to help businesses with day-to-day operations.

Mario Corona: LandOnEarth is welcoming a new leadership team.

Zach Gorman: RealReports launched a partnership with Baird & Warner, the largest independent brokerage in Illinois, to provide their entire agent roster with a competitive edge.

Mike Price: Relevate recently onboarded a new AMS client with 4,500 members and has solidified a significant channel partner relationship that will give them a competitive advantage in the market.

Bill Andrews: Last month RentSpree signed a partnership with Utah Real Estate!

 

About the PropTech Innovator Network

Each month, Modern.tech highlights an industry executive who will delve into the intricacies of the organized real estate sector in an exclusive gathering of PropTech Executives. This presents an opportunity for PropTech Innovator Network members to expand their network with high-caliber individuals and acquire insights that are truly unique and unavailable elsewhere. Please request an invitation to join us each month.