In this episode of the Building Bigfoot podcast, host Jonathan interviews Stuart Sim, VP of Chime Technologies and CEO of ModernAgent. Stuart discusses his background in technology and real estate, his experience with various companies, and his current role at Chime Technologies. He emphasizes the importance of staying innovative and keeping up with technology in the real estate industry, as well as building relationships and maintaining a strong database. Stuart also discusses Chime Technologies' investment in AI to help real estate agents increase their productivity and the company's mission to help agents manage their partnerships and grow their networks.

Stuart Sim is an award-winning real estate technology innovator. A technology veteran, Sim has spent the past 12 years focused on helping the real estate industry at large understand how to leverage innovative technology applications to grow their business. He is also a regular contributor to real estate industry round table discussions as an advisor with BWG Strategy, and conducted over 100 engagements related to the North American Real Estate Market with prominent Financial Investment firms.

What we discuss:

[00:02:10] Stuart discusses his journey in technology, from working with authentication software in the late 90s to his current role at Chime Technologies.

[00:06:38]Stuart talks about his experience starting Modern Agent in 2018, a social media management tool for real estate agents.

[00:08:30] Stuart shares his experience with startups and advises entrepreneurs to have strong backing before starting a business.

[00:12:17] Stuart talks about the importance of innovation and AI in the real estate industry, and how Chime is keeping up with the latest technology.

[00:15:26] Stuart discusses the need to streamline real estate technology and eliminate the use of multiple technology stacks to make the life of agents and brokers easier.

[00:17:31] Stuart talks about how low inventory affects the real estate market and how the rental side of things is a huge opportunity for agents.

[00:22:20] Stuart discusses the importance of staying relevant in the real estate industry, how to separate yourself from the competition, and the role of social media in marketing oneself as an agent.

[00:27:28] Stuart discusses the importance of building a strong pipeline of future buyers and sellers, including the benefits of committing to building a rental portfolio.

[00:29:33] Stuart shares the importance of goal setting for real estate agents.

[00:32:55] Stuart emphasizes the importance of embracing technology in real estate and how it can help agents stay ahead of the game.

[00:39:34] Stuart talks AI and how it is helping agents do more work efficiently, while still maintaining a personal touch.

[00:47:09] Chime is launching a public-facing MLS product called Lofty, which will be built around sharing, collaboration, and social media aspects.

[00:48:05] Stuart discusses how Chime is working with organizations like NAR Reach and REACH Canada to participate in their incubator programs and get introduced to the right people that fund their business.

Episode Resources:

Stuart Sim | Linkedin

Stuart Sim | Chime

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