Jay Thompson is a former brokerage owner who spent six years working for Zillow Group. He retired in August 2018 but can’t seem to leave the real estate industry behind. His weekly Inman column publishes every Wednesday.
Disclaimer: I am a part-time consultant for Pacaso. No one there asked me to write this column or had any input as to its content.
The real estate industry is steeped in tradition. Although not necessarily a bad thing, traditions can stifle innovation if people or an industry get locked into a “this is the way it’s always been done, and the way it should always be done” mindset.
That’s not to say there has been no innovation in the real estate space. On the contrary, real estate is ever-evolving.
Technology moves at a blinding pace. Remember, the “world wide web” only started coming into prominence about 30 years ago and one could