Episode 30: The Future of Residential Real Estate with Nick Bailey, CCO of RE/MAX

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By Deidre Woollard and A Motley Fool Service. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode, Millionacres editor Deidre Woollard talks with Nick Bailey, Chief Customer Officer of RE/MAX about the current hot real estate market, the future of real estate agents, iBuying, and real estate disruption.

Nick Bailey, the Chief Customer Officer of RE/MAX. Nick has had a really interesting career in real estate. He's a licensed real estate broker with over two decades of experience and first joined RE/MAX back in 2001. He's also worked at Trulia and Century 21 so he has seen a variety of different perspectives inside real estate. Guided by his expert insight into the real estate industry, Nick helps Broker/Owners maximize the advantages, tools and services available to them.

Share your thoughts: media@millionacres.com

Timestamps:

0:00 Introduction

1:20 The current real estate cycle

2:33 The low inventory problem

4:01 How can we unlock inventory

6:29 Displaying buyer agent commission

7:50 Understanding real estate cycles

9:44 The rise of iBuying

11:25 Zestimates and AVMs

12:48 Understanding the Millennial buyer

15:25 Raising homeownership rates among different groups

19:35 Motto, Re/Max's mortgage franchise

21:05 Owning the complete transaction

22:00 Using video to boost company connection

24:08 When will real estate conferences returns

27:37 What the real estate market is looking like internationally

29:30 Training the agent of the future

32:03 Moving from agent to broker

33:30 Re/Max and technology acquisitions

35:00 What Re/Max shareholders need to know

35:55 Real estate disruption

38:00 Private and pocket listings

39:44 Advice for real estate investors

72 episodes