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Industry Insider is a publication distributed by MIBOR every other Friday to Managing Brokers. 

Editor’s Note: As a reminder Broker Blast has been transitioned to “Industry Insider” to align more accurately with the changes to the terms “broker” and “managing broker” that resulted from the statewide broker transition. Industry Insider will continue to be sent to all managing brokers and branch managing brokers every two weeks. As always, the past issues will be archived on for easy reference.  

Meeting to Explore Syndication and the Zillow/Trulia Acquisition

The next Managing Broker/Owner meeting – formerly known as the Broker/Owner Meeting – is slated for Friday, August 22 from 9:00 to 10:30 a.m. Set your calendars and plan to attend. 

For the last several months, this meeting was set to focus on the findings of a MIBOR-sponsored study to look at listing syndication performance across our marketplace. Travis Saxton, Marketing and Technology Manager of REAL Trends, a leading national communications and consulting resource for the real estate industry, conducted the study with the help of local brokers. He will present the aggregate level findings.

Saxton is also uniquely qualified to offer an insider’s view of the Zillow and Trulia Acquisition. His
position as a consultant to brokerage clients across the U.S. gives him an insight into this latest industry 
shakeup. To capitalize on his expertise, the majority of the meeting will be devoted to his presentation. 
The earlier announced topics of Matrix™ and the association’s strategic direction will be covered briefly. 
There will no live demo of Matrix™. MIBOR staff and leadership will be available following the meeting
for any direct questions about those two topics. 

Saxton’s presentation will focus on:
  • Listing Portal Trends and Marketing Opportunities
  • Lead Generation Statistics and Comparison
  • Local Spend Averages and Industry Comparison along with ROI analysis
  • The Future of Listing Portals
  • An Examination of the Zillow and Trulia Acquisition  
  • Online Performance Study and Benchmarking
Managing Broker/Owner meetings are an opportunity to bring the most relevant topics to you while providing a forum for questions and discussion that affect the membership. As always, there is no charge to attend, but reservations are required as seating is limited. To register, click here or e-mail Kari Smith.

  Ready, Set, Train!   
  The latest schedule of complimentary Fusion™ training has been posted. Please note that some classes require Basic as a pre-requisite. As a convenience, there are a few instances of Basic being offered in the morning and CMA or Prospecting class offered in the afternoon of the same day. MORE
  Don’t forget about The Stats House® widgets.  Affordability, cost of living, school district interactive map and property tax estimators await you. Visit The Stats House Database  
  OTHER NEWS      
  Q2 Foreclosure Report Reveals Fewer Sales and Listings  
  Foreclosure data compiled for the MIBOR service area for April-June 2014 shows declining foreclosure market share in closed sales and new listings. Foreclosures make up 6.5 percent of all new listings and 10 percent of all closed sales for the region compared to 10.6 percent of new listings and 15.4 percent of closed sales this time last year. MORE

  RPAC Brewery Tour set for August 28th!
  Join us on an exclusive Indiana Breweries tour event while making your 2014 RPAC investment! The 2014 RPAC fundraising year end is coming to a close and you are invited to attend this fun opportunity benefiting RPAC. MORE

  REALTOR® Foundation News: Nominate, Vote, Give!  
  The REALTOR® Foundation is giving YOU the chance to help decide which deserving local non-profit group will receive a $5,000 grant! Each year, the REALTOR® Foundation grants committee and Board of Directors carefully selects organizations to receive funding. To commemorate the Foundation’s 30th anniversary this year, MIBOR members will participate in that process by nominating organizations to be considered. Members will then vote through a pubic voting campaign on Facebook. The window to nominate an organization is August 1-20, 2014 and voting will occur in September. Click here for more detail and an online nomination form.   
  All Month: For information on MIBOR Division meetings MORE  
  All Month: Free BLC® Training MORE  
  August 21: WCR “Back to School” Meeting MORE  
  September 18: REALTOR® Foundation Golf Outing MORE  
  Ongoing: Online Calendar of Events MORE  

2014 Metropolitan Indianapolis Board of REALTORS®
1912 N. Meridian St., Indianapolis, IN 46202
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