Loomio
Wed 29 Jul 2020 9:05PM

Covid & Bidding War FEVER seeding new era of Consumer Protection in RE?

BW Bill Wendel Public Seen by 33

#Covid_ImpactRE: Whether #BuyerAgent or simply a taxpayer who fears bailing out real estate later this decade, think a multi-trillion dollar industry has an obligation to regulate CRAZY? Already over 80 comments on Inman Facebook group:

http://bit.ly/BidWar_FEVER

Is Covid planting seeds for new era of consumer protection in RE? Good time to revisit that question, 24 years after Ralph Nader participated in a roundtable at Real Estate Cafe on Recreating the Real Estate Industry online. So much unfinished business in an industry that's still broken -- what would you like to help reform?

https://bit.ly/RE2020_ProtectREConsumers

BW

Poll Created Tue 27 Jul 2021 8:30PM

Recreating the Real Estate Industry, best way to turn Retrospective into Reset? Closed Wed 12 Jul 2023 1:09AM

Outcome
by Bill Wendel Fri 28 Jul 2023 2:31PM

Pleased to attend Navigating AI Ethics & Trust in the Age of Innovation session at @venturecafeCMBas last night & speak w/ panelists about need to connect the Biden Blueprint for AI Bill of Rights to Homebuyer Bill of Rights for AI-enabled 21st Century. If you scan this three-part Twitter thread, it includes

  1. The professor who teaches Civic AI at Northeastern University & student interns at Mass Office of Consumer Affairs where the MassREBoard is not up the the task of revising real estate regs;

  2. The session last night at CIC's VentureCafe

    https://venturecafecambridge.org/sessions/navigating-ai-ethics-and-trust-in-the-age-of-innovation/

  3. And an attempt to follow-up with MassGovernor's office about the need for a Homebuyer Bill of Rights for AI-enabled 21st Century. Hope to get the #AI4Good movement to #Hack4REGood: https://twitter.com/RealEstateCafe/status/1684926931194507266?s=20

A year after it was written during the pandemic, does the post above look prophetic? COVID certainly exposed what was already infected in the real estate ecosystem, but it's the DOJ's decision to reopen their inquiry into anti-competitive practices that has the industry worried that a real estate reckoning is at hand. Are we poised at the door of a new era of consumer protection in real estate, or has the long arch of history proven us wrong to many times to make that leap of faith?

25 years ago, Ralph Nader participated in a roundtable at Real Estate Cafe about Recreating the Real Estate Industry online. How shall we mark the occasion this year?

Results

Results Option Rank % of points Points Mean
Host a hybrid VIRTUAL / in-person viewing party to watch Vintage VHS tape from 1996 1 28.6% 12 6.0
Invite anyone who participated in the roundtable to record their retrospective for a podcast 2 16.7% 7 3.5
Listen to @RadioOpenSource's interview with Nader's on mobilizing support for anti-trust reforms 3 16.7% 7 3.5
Develop strategy to leverage #DOJvsNAR & build collaborative effort to reform the RE ecosystem 4 16.7% 7 3.5
Use anniversary to seed effort to reset new era of consumer protection on REBillOfRights 5 16.7% 7 3.5
Other (describe below) 6 4.8% 2 1.0
Undecided 0% 0 0

2 of 48 people have participated (4%)

BW

Bill Wendel Tue 27 Jul 2021 9:24PM

At a minimum, hope some #RESages, long-time real estate consumer advocates, who attended the original event in 1996 would like to watch some of the Vintage VHS. This will be our first hybrid, virtual / in-person gathering at Staples Studio, their coworking space near Alewife T-Station / end of Rt 2 in Cambridge.  Let us know what time works best to avoid traffic -- Start at 3pm or after 7pm?

link for directions

Staples has two conference meeting rooms that we can use and both are set up for virtual participation, too.  This one shown in the photo below can hold 25 people and the smaller room maxes out at half that number.  

Wonder if younger real estate innovators recognize that Vintage VHS case from 1996?