Since I am not an insider here at AR, I prefer not to get invloved.  I just came across this blog by total chance! Anyway, I just finished reading this Blog about ActiveRain and Move.Com "Highly Entertaining: Realtors Suing Other Realtors"  I do not know if it is true or not, or what any of the real facts are, but it is intriguing!  It is sort of like what happened frequently in the .Gone age.   You show me yours first, and then I'll show you mine!   The problems is that deception could be a bigger part of the game.  All one side wants to do is take ideas, and reverse engineer the looted goods.  Why pay if you can get it free?   It sounds as if the folks at Active Rain were rather naive that they if this was the scenario and they did not see this coming.  Someone did not have street smarts.  To achieve and acomplish afeat such as this, you need to have all your ducks in a row!  Think what is their angle?  What are they really up to?  If you can think about the scenarios, you can react correctly to thier moves. Just like those that play chess the game is no different.

I grew up in Brooklyn New York and although it was rough, it was a great place to become very street wise!  Growing up you listened to your mom when she warned you about taking candy from strangers.  Growing up in the city was did not allow you to trust of strangers bearing gifts, and always assume everyone has an angle. "Trust no one!" was a good motto to live by!  I guess this was a valuable lesson passed down from the original Indian owners of Manhattan!  I've never suffered any loss from being over cautious, but when I let my guard down against my better judgement, I got what I deserved.  As a former executive member of a union in Washington DC, I feel I was good at negotiating because I have developed certain rules over the years.  Rules that I do not yeild on:

  • Never give up all without first receiving money, up front - CYA by protecting it first. There has to be boundaries. Even children's games have rules.
  • Always obtain great legal advice, not cheap advice or Free Advice!  Do nothing without counsel!
  • Never offer up anything without having all the terms placed in writing.
  • No one ever gets possession until all is closed, and signed off.
  • Prior to this, only divulge enough information to be dangerous.
  • Desire to achieve should never be replaced with fantasy.

On the Internet, we read of many sites, intellectual properties and technologies being stolen all the time.  In ActiveRain.com we talk about copyrighting ideas. and protecting the rights of those that do not.  I understand fully that intellectual property is more abstract and intangible than an invention.  But the processes are easily protected, and safeguarded.  I'd love to hear some insights on the events. I'd would love to know what anyone else has heard.

Jim Crawford REMAX

RE/MAX Greater Atlanta  770-238-0122 Direct

Or  888-992-5546 Toll Free Office

Atlanta Real Estate & Atlanta Homes for Sale RSS 2 Feed 

Atlanta Real Estate Blog RSS 2 Feed Follow AtlantaRealty on Twitter   Subscribe

 

18 Comments on ActiveRain Vs Move.Com Has Anyone Read This? Reminds Me of the Dot.Com Days

OCT
02
2007
3 Featured Posts
Jim,  I thought that was how it was done with technology. Someone develops a great idea, the next guy steals it and makes a bundle.  Saw that on TV
9:36pm • #1
447,614 Points 21 Featured Posts Localism Sponsor Outside Blog

Jim, as always you give very good advice.  I loved your rules you don't yield on. 

So what do you think they meant by "Meanwhile, the good guys continue to disrupt the whole shady realtor business model. I hope, in the end, they win."  The link to the good guys was to Redfin.  So are they saying that all the rest of us are shady. 

9:36pm • #2
1 Featured Post Outside Blog

Jim,

This was a lucrative deal that was used only as deceit.  As Realtors we have a code of ethics that we must abide by and our leaders at NAR condoned Move.com stealing it!  We should have each and everyone of them recalled and Move.com FIRED!

9:42pm • #3
105,104 Points 2 Featured Posts Outside Blog
I raed someone said they should have consulted a Realtor - we know it is not valid without a signed contract. I am staying clear of all the drama and wait to see how it all plays out.
9:43pm • #4
648,377 Points 80 Featured Posts Outside Blog
Gary Smith  Since I consulted and still consult with real estate technology and Internet companies, There is a lot to take into consideration.  It is sort of like homes.com when it went on a buying spree of technology, web competitors, and then went bust!  In those cases deals were signed off on stock, not a smart idea.  Venture capital is hard to come by these days, so I am sure if there was an offer it was tempting.  There would have been at least two main components, technology, how it is employed.  In other words what made it work?
9:45pm • #5
648,377 Points 80 Featured Posts Outside Blog
Marchel Peterson Thanks!  I am not sure what they meant.  I agree with them in principle that good will always triump.  Just needs to be smarter the next time.
9:46pm • #6
648,377 Points 80 Featured Posts Outside Blog
Daniel Sundberg NAR cannot fire Move.com.  By the way when was the name changed from www.homestore.com Does anyone know?
9:49pm • #7
648,377 Points 80 Featured Posts Outside Blog
Paula Henry Signed contract is a must!  I really do not know anything about this, but the Blog has me curious!
9:50pm • #8
110,262 Points
Jim - You always give such great advice. I always disclose everything I have to and then keep my mouth shut about anything else! And, ALWAYS have EVERYTHING in writing!
10:06pm • #9
648,377 Points 80 Featured Posts Outside Blog
Linda Scanlan  Thanks!  I think we all have to listen to our gut feelings,  There will always be the trusting individuals, and those that are up all night figuring our how they will take it from them!  In real estate no one knows this better than the seasoned agent.  When a person asks to do something outside the contract  the first thing they say "What's the matter, you don't trust me?"  I reply compliance has nothing to do wiht trust. In Georgia all contracts and provisions must be in writing.
10:09pm • #10
543,413 Points 45 Featured Posts Outside Blog
Jim - I never knew that you were a former union negotiator!  Looks like you learned a lot growing up in Brooklyn.
11:12pm • #11
648,377 Points 80 Featured Posts Outside Blog
Sharon Simms  In Washington DC back in the 1980's.  I was an executive committee member for 5 years.  We set up lobbying, contract negotiations, arbitration's, labor disputes and more.  Fun while it lasted, and a great place to learn!  BTW...Brooklyn was a great place to grow up and survive! 
11:20pm • #12
OCT
03
2007
120,063 Points 8 Featured Posts Outside Blog
Well, Brooklyn boy, I'm a Bronx girl myself and I think I grew up the same way you did.  I still don't trust anyone - at least not any farther than I can throw them.  My sentiments are exactly as yours are, don't give it up without having cold hard cash in hand and a solid contract.  Hard money down for every request for additional information for due diligence and every extension request.  Non refundable hard money.  We're not just talking profit and loss statements here, we're talking highly confidential guts of a budding enterprise - nothing short of hard cold cash would have ever prompted me to hand anything over.  I hope they are not using the same attorneys for their lawsuit that they used for their contract negotiation - that could turn out to be a nightmare.  As my daddy always says, Cash Money pays the Rent.
9:09am • #13
109,181 Points 11 Featured Posts Outside Blog

Jim, You say we can't "fire" Move Inc. but I would think that ethical behavior is mandated by the Contract NAR has with Move. If their behavior "reflects" badly on Realtors they should not be allowed to use the Realtor trademark. The bureaucrats at NAR are subject to termination for malfeasance or dereliction however. The executive officers are also responsible for all their employees. Maybe a major housecleaning is due.

Bill Roberts

BTW I am a business broker. After a Letter of Intent (offer) is received and a confidentiality agreement is signed the seller "opens" their business to full scrutiny by the buyers. There is no other way for the buyers to know what the target company is worth. AR may seem naive but there really isn't any other way to sell a business. Nobody wants to buy a "pig in a poke."

9:14am • #14
4 Featured Posts Localism Sponsor

Jim - This is interesting.  You seem to have come to some of the same conclusions I did from reading the information available to us.  It seems the confidentiality agreement should have something stating that a potential buyer is not going to use this confidential information to set up a competing venture. 

Maybe I'm paranoid, but I do not think these "buyers" ever intended on following through.

12:49pm • #15
648,377 Points 80 Featured Posts Outside Blog

Jeannie Kontis  I even worked in the South Bronx for years in Fort Apache.  I am sure we do not have enough information probably to read between the lines here, but my own experience would have drawn a line at some point that I would not cross until I had what I need to assure me moving ahead was a smart thing.

Bill Roberts Bill I agree to some point, but that is the problem with intellectual property.  From a person not in the blogging business, to open up a blogging business after they have looted all the data would lead me to believe something exchanged hands.  Maybe a jury will have to decide.  As far as NAR..."ethical behavior is mandated by the Contract NAR"  If they cross the line I guess they could change things.

Debbie White  I have the same gut feeling..."I do not think these "buyers" ever intended on following through."

2:39pm • #16
Simple and valuable advice ... even if it was free!
3:38pm • #17

Leave a response…



(optional)
What does the graphic say?
 
1 Ambassador_large

Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Atlanta, GA

More about me…

RE/MAX Greater Atlanta

Address: REMAX Greater Atlanta, 1585 Holcomb Bridge Road, Roswell , GA, 30076

Office Phone: (770) 238-0122

Cell Phone: (770) 238-0122

Email Me

Atlanta real estate broker associate, real estate columnist for www.RealtyTimes.com, real estate speaker. Real estate marketing, Internet marketing for real estate, real estate coaching Feedjit Live Website Statistics


Links

Archives

RSS 2.0 Feed for this blog

Find GA real estate agents and Atlanta real estate on ActiveRain.