WEBVTT

00:00:00.000 --> 00:00:02.700
Let me put out the elephant in the room, okay?

00:00:02.980 --> 00:00:05.299
Everybody in the business of home has a pitch.

00:00:05.519 --> 00:00:08.419
Almost nobody gets asked a hard question. This

00:00:08.419 --> 00:00:11.259
show fixes that. Do you fire it or name it as

00:00:11.259 --> 00:00:14.880
a partner and put its name on the door? Would

00:00:14.880 --> 00:00:16.660
you do it again? And how did that work out for

00:00:16.660 --> 00:00:20.300
you? Welcome to Signal. I'm your host, Inman

00:00:20.300 --> 00:00:23.679
CEO, Tom Bohn. Oh, my gosh. Great question, because

00:00:23.679 --> 00:00:27.039
to put it lightly, we were bootstrapped. And

00:00:27.039 --> 00:00:29.260
you start thinking to yourself, how is that even

00:00:29.260 --> 00:00:31.179
possible? I'm sitting down with the people who

00:00:31.179 --> 00:00:34.539
actually move the industry, top producing realtors,

00:00:34.560 --> 00:00:38.179
the CEOs making the big bets, the prop tech founders

00:00:38.179 --> 00:00:41.000
out to blow it all up, and the designers deciding

00:00:41.000 --> 00:00:43.979
how the rest of us live. And we skipped the talking

00:00:43.979 --> 00:00:47.140
points. You told Ryan Serhant, TV celebrity,

00:00:47.460 --> 00:00:50.159
you know, all over the place. No. Thanks, but

00:00:50.159 --> 00:00:51.759
no thanks. Okay. And what was the reason initially?

00:00:52.329 --> 00:00:54.990
Building a brokerage is really complicated and

00:00:54.990 --> 00:00:58.570
really hard. It is not for the weak. Every other

00:00:58.570 --> 00:01:00.310
firm I see is a subscription -based business

00:01:00.310 --> 00:01:03.329
or it's run by a total wacko. Big personalities,

00:01:03.649 --> 00:01:06.530
real opinions, and a rock and roll pulse that

00:01:06.530 --> 00:01:09.430
treats this business like the contact sport it

00:01:09.430 --> 00:01:11.030
is. Not everyone should be in this industry.

00:01:11.230 --> 00:01:14.189
Trust me. I'm in the make money business. Who

00:01:14.189 --> 00:01:16.150
would win in a street fight? You or James Harris?

00:01:16.430 --> 00:01:19.930
Ooh. And so this is not get rich quick. This

00:01:19.930 --> 00:01:21.829
is building a business. Do you start to say,

00:01:21.909 --> 00:01:24.629
where do we go from here? Interesting enough.

00:01:24.730 --> 00:01:27.310
And then maybe this is sort of the insights that

00:01:27.310 --> 00:01:29.810
I can give people in the industry is the media

00:01:29.810 --> 00:01:31.769
doesn't always tell the whole story. And the

00:01:31.769 --> 00:01:34.510
whole story is then comes signal or noise, our

00:01:34.510 --> 00:01:36.590
rapid fire segment, where we run through the

00:01:36.590 --> 00:01:39.650
week's news launches and breathless hype asking

00:01:39.650 --> 00:01:42.700
one question. Is it a real signal of where the

00:01:42.700 --> 00:01:45.439
industry is headed or just noise? There's a lot

00:01:45.439 --> 00:01:48.560
of noise in our industry. High energy, zero nonsense,

00:01:48.700 --> 00:01:52.040
and a lot more fun than it has any right to be.

00:01:52.260 --> 00:01:56.040
Zillow versus Compass, I had to ask it. The celebrity

00:01:56.040 --> 00:02:00.359
agent TV brokerage, signal or noise? Ooh, good

00:02:00.359 --> 00:02:02.299
one. People are no longer moving to Florida,

00:02:02.480 --> 00:02:05.239
signal or noise? The rise of non -traditional

00:02:05.239 --> 00:02:08.139
brokerages. That is, I shouldn't admit this out

00:02:08.139 --> 00:02:13.240
loud. Where do I even want to start? If you build,

00:02:13.280 --> 00:02:15.979
sell, design or bet on the business of home,

00:02:16.120 --> 00:02:16.840
pull up a chair.
