EACH YEAR, STEFAN SWANEPOEL, real estate thought leader and New York Times bestselling author, hosts a brainstorming event with executives who are analyzing, shaping and redefining business and real estate. NVAR CEO Ryan Conrad and Chairman Lorraine Arora joined the discussion in Miami this past April, and learned about innovation and opportunities in store for Realtors®.

“Gradually, then suddenly,” was the theme of Swanepoel’s keynote. Explaining the importance of analyzing the pace of marketplace change, he said research strongly suggests that real estate brokerage is already 30 to 40 percent down the path of transformation – and approaching the SUDDENLY part! Swanepoel suggested that, with the right preparation, brokerages can use the existing momentum in their favor.

Check out additional T3 take-aways.

2018 NVAR Chairman Lorraine Arora with T3 President and host of the T3 Summit, Stefan Swanepoel.

The 2018 T3 lineup included Frits Van Paasschen, former CEO of Starwood Hotels and Resorts Worldwide and The Coors Brewing Company, who explained how technology is disrupting industries at a rapid pace, and that pain points cause disruption. He suggests that organizations use technology to deliver a more valuable experience.

 

NAR President Elizabeth Mendenhall talks about “A New Day” at NAR. Included among NAR’s 2018 Strategic Priorities are: defining measurable increases in professionalism; increasing influence in an uncertain legislative, regulatory and political environment; taking the management of real estate data to the next level; and ensuring that the role of the Realtor® is essential to the consumer.

 

Top MLS Executives from across the country spoke about the importance of coming together as an industry to solve pain points. They’re examining the adoption of Real Estate Standards Organization (RESO) standards; the end of Real Estate Transaction Standards (RETS); endorsement of the MLS Grid; and creating a consolidated back-end common data repository and a front-end of choice.

Cassandra Miller, former CEO of See Jane Go, a ride-hailing service for women, advocated that leaders remove the words “always” and “never” from their vocabularies. She explained that disruption can occur when there are friction points, inefficiencies, and opportunities for cost reduction.