BrokerIPTV: Today, we are talking with John Clikeman managing partner of AfBA Meridian Title and Escrow and John, welcome to the show.

John Clikeman: Thank you.

BrokerIPTV: Glad you are here.

John Clikeman: Nice to be here.

BrokerIPTV: Now you operate one of the larger real estate broker owned AfBA title insurance companies in Colorado, Meridian Title and Escrow Talk a little bit about that.

John Clikeman: Well, an Affiliated Business Arrangements AfBAis basically a concept where the broker owners of the real estate office or real estate broker become actual owners in the title insurance entity and therefore, are able to refer business to their, in effect their own company and of course, but subject to all the RESPA and Colorado insurance and real estate requirements, disclosure requirements, etc., but it is basically a vehicle for members of the real estate community to in effect create some additional corollary income in the real estate pursuits.<watch video>

BrokerIPTV: Today we are talking with Bruce Gardner, a real estate practitioner with Keller Williams and a member of the board of Metrolist. Bruce, welcome.

Bruce Gardner: Thanks Dan.

BrokerIPTV: Hey, in a previous segment, we were talking about Metrolist and their whole ability with Prime Access to really move into Web 2.0. One of the great features is that, now your listing on Metrolist can also get pushed out all over the Internet to a variety of sites. Talk a little bit why that's a good thing for the realtor and their listings.

Bruce Gardner: Well, it's a matter of exposure. What we want to do is allow the realtor, the user of our Metrolist system, to expose their listing to a variety of different channels.

BrokerIPTV: Now, I am sure people have been on Metrolist and they have seen the word ListHub, but they didn't know what that is; can you explain? <watch video>

BrokerIPTV: Today we are talking with Chip Allen branch manager with Lakewood Residential Mortgage a division of Universal Lending, welcome of the show.

Chip Allen: Good to be here Dan.

BrokerIPTV: Alright, let's get into mortgages. Some standards that people should be thinking about that that they are going to need to qualify for to get a loan. Whether it's the first time buyer, a second time buyer, for instance you can't get by these days without a down payment anymore.

Chip Allen: Dan, it's pretty tough without a down payment. We still have some pretty good none seller funded down payment assistance programs, good examples of that are CHAC and HOAP. These are people with lower incomes but the good ol' days of seller funded down payment assistance at this point is gone. It may be coming back, HUD doesn't particularly care for the program's understandably a lot of people in Congress do. I personally think with seller funded down payment assistance this can be a very good program to help move a lot of the inventory with some common sense requirements. <watch video>

BrokerIPTV: Today, we are talking with Pat Bybee, the president and CEO of Metrolist and Pat, welcome to the show.

Pat Bybee: It is a pleasure to be here.

BrokerIPTV: Today, we are going to be talking about real estate standards a little bit. I don't know that everybody knows what that means and we are going to talk about two acronyms in particular, RETS and RESO. Start with RETS.

Pat Bybee: RETS is... the term has been around for a while. It is for Real Estate Transaction Standard.

BrokerIPTV: Okay.

Pat Bybee: And RESO is the Real Estate Standards Organization.

BrokerIPTV: Okay. Now, how do those apply to Metrolist?

Pat Bybee: RESO is actually newly organized because the industry has been trying to develop real estate standards across the country and although good effort using MLS', MLS vendors, brokers, it just wasn't... we were not seeing the fulfillment of the promise. So, the RESO organization was started to give it a little more formality, board of directors, decision making capability.

BrokerIPTV: We have always had these standards in place. Now, RESO is kind of pushing compliance a little bit. Is that how it goes?

Pat Bybee: In a sense, yes. RETS has been around since the late '90s actually. Metrolist was the first MLS in the nation to be RETS compliant in 2000. So, it has been here. It just has been slowly... slow to adoption and until it is the predominant standard in the country, we are in a situation where there are 800 MLS' in the US.

BrokerIPTV: Wow. Okay.

Pat Bybee: Each of them has its own unique database structure and if you are a vendor of an application that the realtor might want, you have to write a custom solution for each MLS you work with.

BrokerIPTV: So, does Denver have a RESO so to speak?

Pat Bybee: No. In Denver, the use is RETS. RESO is a national organization.

BrokerIPTV: National organization and do they have some authority over what you do so to speak or do they just kind of make suggestions?

Pat Bybee: They make suggestions, which is why it was moving slowly.

BrokerIPTV: Yeah. All right. But if I am a realtor, why is this important to me?

Pat Bybee: Well, mainly, you know, MLS database is very rich in information, but it is just sitting on the MLS computer. So, if you want to have a variety of choices for getting a hold of that data so that perhaps you could do a specialty CMA if you have got an application for some specialty solution or a back office solution. How do you get the data from the MLS without writing a custom interface each time?

BrokerIPTV: Now, is NAR involved in this in instituting some new policies for this as well?

Pat Bybee: Yeah, as a matter of fact, last year NAR created a new policy for MLS' that require us to be RETS compliant by June 2009.

BrokerIPTV: So, that's everybody across the nation.

Pat Bybee: All 800 of them.

BrokerIPTV: Okay. How does RETS benefit Metrolist members specifically?

Pat Bybee: [Inaudible] really. Metrolist members have had the benefits of RETS since 2000. A number of our business partners use RETS to access the database to deliver services back to the members.

BrokerIPTV: You enlightened me. I really appreciate it. Great having you here, thank you.

Pat Bybee: Glad to have the opportunity, thanks

BrokerIPTV: Welcome everyone. We are here today with Kevin Best and Kevin Best is from Metrolist and welcome Kevin.

Kevin Best: Hi.

BrokerIPTV: You guys have been busy down there at Metrolist lately.

Kevin Best: Really have. We have got a lot of great new features coming out, a lot of benefits for our REALTOR® members.

BrokerIPTV: Yeah, I was curious. I played around a little bit with your new mapping products and it looks like you are the Prime Access, gives us access to use MicroSoft® Virtual Earth™ and displaying properties. Why don't you tell us about that feature? <watch video>