Las Vegas, NV –  The Nevada Association of Real Estate Brokers, the local chapter for the oldest minority trade organization, lead by its Western Regional Vice President, Shanta Patton, hosted a real estate disruption conference in Las Vegas.  The event featured representatives from some of the largest, best funded firms innovating in real estate including Zillow, Offerpad, Opendoor, and PurpleBricks.

The event featured discussion about changing business models, consumer preferences, transaction costs, and service offerings.  Attendees learned how to work with the panel member firms and what kinds of products and services they offer to clients.

While most see the competitive landscape changing and a limited number of transactions being split among more sales professionals, some see the opportunity presented by making real estate transactions smoother, faster, and less expensive as an opportunity to facilitate more transaction activity. Many industries that have seen faster, less expensive transactions produce an increase in overall transaction activity.

Conference participants were able to learn first hand what is motivating the fundraising and business model innovation of the featured firms.  Most came away with a better sense of how to work together in future and a better respect for the decision making and motivation of the firms.

Shanta Patton, NAREB Western Regional Vice President said, “This was an exceptional event for our industry.  Getting such a diverse group of people together to hear their views on the future of our industry was extremely beneficial.  I feel we all left better for having participated.  We really appreciate all those who participated, facilitated, or sponsored our event.  We couldn’t do it without significant support from the real estate community.”

NAREB, a nonprofit 501(c) 3 association, is recognized as the oldest minority trade organization, founded in 1947, and a leader in equal housing and fair practices for all regardless of race, creed or color. The Las Vegas Chapter members are actively involved in legislative issues both locally & nationally, interact with all housing related providers and agencies at all levels, financial institutions and educators. Las Vegas is an international resort destination and as such our diversity is unmatched. NAREB opens the door to home ownership by providing information and services to our real estate professionals and member affiliates.

About ERA Brokers Consolidated

ERA Brokers Consolidated is a brokerage infused with proprietary real estate technology.  ERA Brokers Consolidated includes 9 offices on the I-15 corridor from Salt Lake City, UT to Las Vegas Nevada.  With over 300 agents and staff, ERA Brokers operates a proprietary technology platform, ARTI, publishes monthly market research, and manages over 1,500 property management units for its clients.