Last year was an extraordinary year for the Broker Public Portal (BPP) with Homesnap. We’re now working with over 200 MLSs serving more than 1 million agents. We have almost 90 percent of the country’s listings from 48 states.
Our online traffic has jumped nearly 30 percent. Our rating as a Top 100 mobile app and a Top 10 app for real estate continues.
Our commitment to our dual pro-consumer/pro-agent philosophy of “your listing, your lead” has fueled our success. We remain the only national search portal that follows Fair Display Guidelines.
We’ve delivered more than 2 million “free” leads to agents. Perhaps most importantly, the BPP with Homesnap is on a trajectory to double that number every year.
Now is the time for every MLS and brokerage in America to work with the Broker Public Portal. What’s coming next in 2020 will be a game changer for consumers and real estate brokers.
The OpenTable strategy
BPP skeptics said, “You can’t build a portal that can compete with Zillow.” If they meant we weren’t spending $100 million-$200 million a year to drive traffic, they were right.
But to understand our approach, take a look at what OpenTable did. They first got all the restaurants on board. Then they created and perfected their technology over a long time. Their consumer growth was organic, largely built by their partners, the restaurants. OpenTable now has more consumers booking restaurant reservations than any other platform in the world.
We’re getting the MLSs and brokerages on board. We’re building out the broker side, following all the rules, delivering the technology, sharing the data and building the relationships. This infrastructure allows us to scale.
It’s a Marathon, Not a Sprint
Today, even the busiest portals are seeing significant changes. Zillow used to be the place to search for homes, but there are so many other places that consumers now look for homes. Brokerage websites are a part of that, so is Homesnap, and so are Google and Facebook.
It’s why Homesnap is building breakthrough opportunities with Google and Facebook. Our Facebook Marketplace test, where we share rentals, is driving incredible traffic. Some participating MLSs have seen a boost in lead flow of 400 percent.
Facebook Marketplace will be a game changer in 2020. For brokers and MLSs that are supportive of the BPP, there are opportunities for immense amounts of traffic and leads. Think about this: Zillow’s annual traffic is 7 billion visits. Facebook gets that in five days.
We tell our partners, “Here are the rules that you have to follow,” protecting our broker and MLS stakeholders. Guess what? The biggest players are following them. That’s why this is a huge path for us to continue to grow next year and beyond.
A Look Ahead With Big Improvements
2020 will be awesome. MLSs, brokers and agents are going to see the biggest update we’ve ever done for Homesnap Pro. We’ve spent more than a year developing a host of new features, from predictive analytics to tools that make agents smarter, more productive and increase their GCI.
Deep integration with MLS technology partners like Black Knight and CoreLogic means more ways for agents and brokerages to utilize Homesnap and increase the value MLSs provide every day.
Honestly, for $1 a month per agent, where else can you get a mobile platform for your agents, listings on a national portal, a revenue share back to your MLS and free leads for agents? If you work for an MLS and brokerage that do not support the BPP, why are you waiting? Contact me. We need to talk.
John Mazur is CEO of Homesnap and has decades of experience starting and scaling businesses in the technology space. For more information, please visit www.brokerpublicportal.com.
I like hearing that there are big improvements coming in 2020. I was an early and vocal supporter of BPP prior to the integration with Homesnap. And I took a lot of heat for in real estate forums. I am still a believer although I have been critical of late. It’s great to see that there will be improvements on the broker agent side. However, the biggest improvements need to be made on the consumer side in terms of UI/UX. We can’t just have a portal that is similar to Zillow and the rest. We need to have a Consumer portal that crushes them like a brittle bone in the Mojave desert. End of story.
I became a homesnap pro member over a year ago and it has added tremendous value to my business! Not only do I get an incredible online google search business page, I also get a great avenue for my customers to leave me reviews and testimonials. I even won a google service award for having 5 star reviews all year!!!!!! I am definitely a raving FAN!