Tagged: real estate RSS Toggle Comment Threads | Keyboard Shortcuts

  • coreyleong 11:18 am on 2011/11/06 Permalink | Reply
    Tags: , platform, real estate, ,   

    Happy First Birthday WWMLS 

    Last Saturday marked the first birthday for the World Wide MLS (WWMLS). Since then, the follow progress has been made towards WWMLS:

    As MLSN is presented to different groups such as academics and technologists, I am confident with the two upcoming presentations in 2012, especially in St. Petersburg at ARES, that the MLSN Protocol and WWMLS framework will alter others’ thought processes of not only the dysfunctional aspect of today’s legacy MLS, but also future directions in how real estate consumers interact and expect a specific quality of service (QoS) from real estate professionals. The main intention is integrate WWMLS in every aspect of the future of real estate.

    Moving foward, the second phase for WWMLS will be the introduction of the messaging language called Real Estate Metadata Language (Remetal). This XML language will be used to markup properties in a self-describing, yet simple language for sending and receiving between the main OpenMLS Registry and accredited OpenMLS Registrars. I plan to propose Remetal to additional call for papers (CFP) on the academic and technical levels in 2012.

    The third yet most important phase will be for the Real Estate Transport Protocol (RETP). This protocol defines the type of messaging, the distribution channels, error correction system, etc. Again, RETP papers will be proposed along with exhibitions at national and if necessary global science fairs.

    The future of real estate is bright and changing.

    And as the cliche goes, please stay tuned…

    –Corey

     

  • coreyleong 10:41 am on 2011/09/30 Permalink | Reply
    Tags: , real estate   

    The Birth of Real Estate Science 

    Throughout my travels, I have noticed a change. A change residing within the Real Estate Industry. In years past, Real Estate was generally accepted as a “financial” type of industry where economics, finance, and sales concepts and methodologies have ruled.

    Enter the Internet and the World Wide Web. All of sudden, Real Estate changed. It had to change because everyone went from using offline tools, calculators and spreadsheets, to using online tools such as Google Apps, the Social Web, and online banking.

    Because of these changes, Real Estate was no longer just a “financial” industry, but also a “computer science” industry deeply embedded into the industry. Having realized this, I began researching this phenomenon by reading, listening, and discovering the new ways real estate users (buyers, sellers, agents, consultants, etc.) now do business.

    My observations have given way to new research I call:

    Real Estate Science: A New Scientific Body of Knowledge and Academic Discipline

    A brief explanation and upcoming paper of what Real Estate Science is follows:

    The Internet and World Wide Web have been immensely influential components on the Real Estate Industry. From the brokerage enterprise to daily salespersons’ activities, computers are involved in every facet of a real estate project or transaction. With millions of mobile devices connected to the Web, the real estate industry has fully embraced the world of computing. Therefore, one can say that the Real Estate Industry has literally transformed itself from a one-dimensional financial industry into a technology dependent juggernaut overnight.

    To better understand this evolution, I propose a new discipline and body of knowledge to better understand, analyze, study, and document technology related concepts so we may be able to educate future real estate users along with existing ones. This paper discusses the needs and justifications for a new academic discipline or academic field called Real Estate Science (Re-Sci). Real Estate Science will combine theories and concepts from both the Real Estate Industry and the Computer Science field, respectively. Real world use cases will be used to demonstrate why this new body of knowledge is necessary to implement and move forward into the twenty-first century and beyond.

    – Corey, “the Father of Real Estate Science”

     

    • Natalie Strach 4:54 pm on 2011/09/30 Permalink | Reply

      Hey Corey, this sounds like an really interesting concept. I totally agree that real estate has changed dramatically in recent years because of new, more powerful online technology and programs and I would be interested to see a certain rigor of standards and metrics incorporated into such things..

      • coreyleong 3:47 pm on 2011/10/26 Permalink | Reply

        Hey Natalie, thank you for your comments. There’s quite a bit of work to be done, however, at least we have a starting point now with Real Estate Science.

  • coreyleong 6:22 pm on 2010/09/21 Permalink | Reply
    Tags: book, patterns, real estate   

    Repatterns Book in Development 

    Repatterns: Applying Computer Science and Design Patterns to Real Estate

    After some research, I’ve decided to include my previous book projects, “The Web is the MLS”, and “Real Estate Is Global”, into one single book with the tentative title and subtitle, “Repatterns: Applying Computer Science and Design Patterns to Real Estate.” The reason for the two-in-one inclusions was because I felt the two previous book efforts were similar enough patterns extending the same pattern, Network Pattern, to be included into one full patterns book covering real estate and computer science together.

    Here’s a working abstract for the book:

    Patterns are everywhere. We live in a world of visible and invisible patterns. From our birth, patterns exist to help us learn, to save time, and to be productive. This book will apply principles from computer science and well known design patterns to the business processes and procedures within the Real Estate industry. From these patterns, you will discover inefficient patterns, anti-patterns, along with learning how to think differently by replacing such anti-patterns with more efficient design patterns.

    For the new book cover, I reused the “The Web Is The MLS” cover since the design was already very “patternistic” in nature. In addition, the textual change in inkscape was very easy to do.

    Tentative Book Contents:

    Table of Contents
Preface
Ch1 Introduction
Ch2 Factory Pattern
Ch3 Observer Pattern
Ch4 Mediator Pattern
Ch5 Request-Response Pattern
Ch6 Point-to-Point Pattern
Ch7 Facade Pattern
Ch8 Network Pattern
Ch9 Proxy Pattern
Ch10 Compound Patterns
Appendix
Glossary
Index

    I look forward to working on this project while at the same time using these patterns on my current projects. Lastly, I hope others will also learn to recognize anti-patterns and design patterns within real estate or their respective industry because of this work.

    –Corey

     

  • coreyleong 7:46 pm on 2010/01/05 Permalink | Reply
    Tags: , google wave, model, openproj, project management, real estate, salesforce, , use case   

    RealPM Model Use Case Diagram 

    RealPM Model Use Case v.01

    This is a first pass at building a use case model for real estate project management. As you can see on the left side of the system, there are five actors: the project manager, salesperson, administrative assistant, buyer, and the seller. On the right side of the model are three external systems which interface with the model. They are Google Wave, SalesForce, and OpenProj.

    The system’s use cases are self-explanatory and may need refactoring. Again, this is a first pass. In addition, I’m sure more use cases will rear their heads so I expect the number of use cases to grow.

    Feel free to leave comments and suggestions for this model is open for public comment.

    –Corey

     

    • Kelley Martin 7:54 am on 2010/01/06 Permalink | Reply

      couple things I am thinking at this point to possibly add is:
      1. more responsibility for admin assistant: as far as logging activity with buyers and sellers, AND communicating with sellers regarding getting feedback, and information, scheduling for buyers, etc
      2. buyers and sellers more vested in their portion of the project……. they have to want this to happen and need to be contributing a bit as well, there are things that they provide and their involvement.

    • coreyleong 8:16 am on 2010/01/06 Permalink | Reply

      I see something I missed. The project manager needs to update the project wave in gw. We need to add an include or extend from ‘Manage Project’ to the google wave actor. Revision number two will include this.

  • coreyleong 1:32 am on 2009/12/17 Permalink | Reply
    Tags: professionals, real estate, , score   

    Building the Perfect Reputational Beast 

    One of the sore spots in the Real Estate Industry is a missing reputational model for evaluating professionals and their services. Since there isn’t an open and neutral model which already exists, I started modelling a potential application. Below is a use-case diagram modelling potential actors, scenarios, and associations for an application:

    A use-case diagram depicting actors, scenarios, and associations for a real estate reputational application.

    As you can see, I’ve defined just three types of Actors: Professionals, References, and Guests. I’ve also defined two external entities, OpenID and a web service. The scenarios listed are a first pass and expect to refactor their associations while adding/removing some. I won’t go into detail here regarding the scenarios, but if you would like to follow the wave and/or offer comments, please feel free to contact me on google wave. My gwave account is corey.leong@googlewave.com.

    My next step in this process is to create component, deployment, and behavioural diagrams. I’ll post these also to my blog in the future.

    –Corey

     

  • coreyleong 1:09 pm on 2009/11/05 Permalink | Reply
    Tags: , global, osi, real estate, real7, soa   

    Real7: Globalizing Real Estate Information 

    Of late, I’ve been doing quite a bit of research and work on enterprise type applications specifically speaking, Enterprise Application Integration (EAI). An EAI system allows applications to “talk” to one another via a messaging model even though the two applications are completely different. An example would be a cobol legacy app needing to exchange financial information with a java web application.

    My EAI research led me to two real world models: SWIFT and HL7. From the SWIFT about page:

    SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. Over 8,300 banking organisations, securities institutions and corporate customers in more than 208 countries trust us every day to exchange millions of standardised financial messages.

    From the HL7 about page:

    Founded in 1987, Health Level Seven (HL7) is a not-for-profit, ANSI-accredited standards developing organization dedicated to providing a comprehensive framework and related standards for the exchange, integration, sharing, and retrieval of electronic health information that supports clinical practice and the management, delivery and evaluation of health services. HL7′s 2,300+ members include approximately 500 corporate members who represent more than 90% of the information systems vendors serving healthcare.

    As I read more about these two models I wondered if a secure messaging model could be used within the real estate industry. The first use case I came up with was a global referral network for professionals needing to find other professionals for real estate referrals. Currently, there isn’t a global network which allows this particular model (and facebook doesn’t count). Obviously, Metcalfe’s Law factors in:

    the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).

    So for Real7 to be of value to its users, a number of users would need to have access and use the model, but this is always the rub for any online service. But I believe this type of service would not only solve the referral challenge, but also create a greater efficiency regarding time savings in searching for other real estate professionals to refer a buyer or seller client. I’m certain more use cases will be applied to a messaging model as others join in on the discussion, but for now I’m just concentrating on one use case to begin.

    I created a google group called Real7 to begin discussions on security, grid computing, and other related technologies needed for a global real estate messaging infrastructure. If this topic is of any interest, please join the google group for posting and receiving discussions on real7.

    –Corey

     

  • coreyleong 1:01 pm on 2009/10/16 Permalink | Reply
    Tags: diggnation, doubt, fear, fud, real estate, uncertainty, wikipedia   

    Combating Real Estate FUD 

    I was listening to a Diggnation podcast the other day and the acronym FUD came up during the show. I don’t recall in what context, but it stymied Kevin Rose, one of two hosts, for awhile for a definition of FUD. I believe he was stalling so he could google it, but I’m just guessing. ;)

    Fear, Uncertainty, and Doubt (FUD) is a tactic of rhetoric and fallacy used in sales, marketing, public relations, politics and propaganda. FUD is generally a strategic attempt to influence public perception by disseminating negative information designed to undermine the credibility of their beliefs.[1]

    Normally, if I’m not quite certain about a term or acronym I will then look it up on Wikipedia. Now I was very sure of FUD having been in IT for years, but curiosity was too much for me so I browsed the term anyway over on Wikipedia.

    After reading the initial definition, I scrolled down to read more about the derivation of FUD and was suddenly taken back by what I then saw.

    Real Estate Agents. In response to a growing number of homeowners forgoing the use of real estate agent services during the sale of their homes, National and Regional real estate boards have adopted a strategy of fear, uncertainty and doubt. Ads reinforce consumers anxiety over legal paperwork, and suggest that consumers are weak, intellectually lazy and fearful. That consumers can’t possibly learn; and that it would be much safer to leave the process to a real estate agent. [1]

    It all made sense now. The tweets. The facebook updates. The ads. Everything.

    I see these fud-like sales tactics streamed across sites where once only located in newspapers or park benches. So instead of offering a one-off opinion, what is the action item then to curb fud selling or marketing?

    This is where I am with this issue, simply asking questions. I forsee a case study for researching this issue with a published online white paper. Time to get to work…

    –Corey

    Reference
    1. Wikipedia

     

  • coreyleong 12:44 am on 2009/10/08 Permalink | Reply
    Tags: real estate, ,   

    Remetal 0.3 Upcoming Release 

    It’s been awhile since I’ve updated Real Estate Meta Language, Remetal, but that’s changed. I’m currently adding children elements to the following elements:

    • kitchen
    • livingroom
    • office
    • garage

    Here’s an example for the pool element:

        <real:pool>
      <real:dimensions/>

          <real:width>
            <real:meters/>
            <real:feet/>
          </real:width>

          <real:length>
            <real:meters/>
            <real:feet/>
          </real:length>

          <real:depth>             
            <real:meters/>                 
            <real:feet/>
          </real:depth>

        </real:dimensions>
    </real:pool>

    I hope to have the DTD and schemas refactored and published by this sunday evening. I’ll have an announcement for the release soon after.

    –Corey

     

c
compose new post
j
next post/next comment
k
previous post/previous comment
r
reply
e
edit
o
show/hide comments
t
go to top
l
go to login
h
show/hide help
shift + esc
cancel
Follow

Get every new post delivered to your Inbox.