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A Social Network For Real Estate Professionals

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New social network allows real estate professionals to work together to move properties more effectively. NovaRealtyGuide.com Connects Northern Virginia and D.C. Realtors Looking to Split Commission on Properties.  NovaRealtyGuide.com is a free network for real estate professionals based in the Northern Virginia and Washington D.C. areas. NovaRealtyGuide.com allows real estate professionals to contact each other about splitting commission on properties that they may be having a hard time selling or lack the time to give the property the appropriate amount of attention.

“We firmly believe that two minds are better than one. Whether you are looking for a property that you can sell or you are listing one that you already represent and would like someone else to sell for you, we welcome everyone!” said owner Richard Verdugo.

Real estate agents can list properties and set the commission they are willing to pay. Other agents can contact them if they are interested in selling the property on their behalf. All terms and conditions of partnerships are worked out and agreed upon by the individuals. NovaRealtyGuide.com has no part in any deals made.

Some of the features offered by NovaRealtyGuide.com are News Feed, Listings, Chat, Profiles, and Invite. News Feed allows members to see recent updates and listings of properties where other professionals are looking to split commission. Listings is where they can list details and photos of the property for which they would like to split commission. Realtors can also make a listing for a type of property they wish to sell so other agents can contact them about one of their properties that meet the criteria. The chat room allows users to chat directly with other members who are online. This is a great networking tool. Users can chat in the main room with everyone or can chat privately with a member. Both options are offered. The Profile section allows realtors to upload photos and information about themselves. Private messages may be sent to other members by going to their profile and clicking ‘send message’. The invite option allows realtors to invite their colleagues.

Is this a good idea?  An interesting question, but the real question is whether real estate agents find value in such a website.  There are good and potentially bad points for agents putting information the site. The good points are that information can be freely exchanged.  In addition, agents may be able to list their homes on the site and if they are having trouble selling they can at least get a portion from another agent selling it for them.
 
The bad points?  there aren’t too many, but certainly trading secrets and listing a property on the site may mean someone else sells it and the listing agent gets only a portion of his/her  commission rather than the full commission.

Splitting commission on a property is a last resort. Why would a realtor do this? It is a realtor’s job to keep their clients happy. That includes selling their home in a timely manner. If many months or even a year has passed by and their home is still on the market, it may be time to seek outside help. NovaRealtyGuide.com attracts a wide variety of realtors. It may be that the properties that agents are having trouble selling may not be their specialty. Some realtors specialize in condos while others specialize in single family homes. Maybe it’s a townhome that is troubling them. Whatever it may be, there is someone out there who specializes in the areas that others may not. The site is also a great forum to seek advice. Asking other realtors for tips on how to present and sell certain properties is a great service that NovaRealtyGuide.com provides. Unlike other social networks, all information is open. Members don’t need to add each other as friends in order to see someone else’s profile. Of course each member has the ability to set their profile on private.

All in all, NovaRealtyGuide.com is a great utility for any real estate professional who wants to sell their properties in a much more effective manner, to network with local realtors or to seek advice. This is a sound idea and the site will be of great benefit to real estate agents.  In fact, one could imagine similar sites for other sorts of industries.  For example, a similar site for brokers, financial managers, venture capitalists, etc. could be a great way to exchange business needs and ideas. Let’s face it folks, this is the information age, and it benefits everyone if we share information.

 
 
 
 

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Bitcoin slumps 10% as pullback from record continues

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Bitcoin slumps 10% as pullback from record continues 1

LONDON (Reuters) – Bitcoin slumped 10% on Thursday to a 10-day low of $31,977 as the world’s most popular cryptocurrency continued to retreat from the $42,000 record high hit on Jan. 8.

The pullback came amid growing concerns that bitcoin is one of a number of financial bubbles threatening the overall stability of global markets.

Fears that U.S. President Joe Biden’s administration could attempt to regulate cryptocurrencies have also weighed, traders said.

(Reporting by Julien Ponthus; editing by Tom Wilson)

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A lot of hot air? Investors snap up hydrogen stocks in green frenzy

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A lot of hot air? Investors snap up hydrogen stocks in green frenzy 2

By Elizabeth Howcroft and Thyagaraju Adinarayan

LONDON (Reuters) – An unprecedented rally in “green” hydrogen stocks looks set to extend as investors flock to companies which promise to produce the gas without using fossil fuels, expecting the technology to scale up over the next 10 years to justify rocketing valuations.

Hydrogen is the universe’s most abundant element. It is mostly extracted from fossil fuels, emitting carbon dioxide in the process. “Green” or clean hydrogen requires using electrolysis to split water into its components of hydrogen and oxygen and doing so cheaply is often described as the holy grail of green energy transition.

Share prices of companies in the industry have soared more than 500% in the past year, driven by the rising adoption of zero-emission vehicles, a deadline set by many countries to go carbon-free by 2050 and lately U.S. President-elect Joe Biden’s support for clean energy.

Plug Power, Ceres Power and Fuelcell Energy, which make hydrogen fuel cell systems that power devices ranging from warehouse machines to cars, are leading that charge, jumping 400% to 1,600% in the last year.

“Hot money is flowing towards renewables and clean energy, and there’s been a clear re-rating of valuations in the sector,” said Emmanuel Cau, head of European equity strategy at Barclays.

While a lot of focus has been on hydrogen’s role in the automotive sector, its usage is growing far beyond that.

The European Union plans to scale up renewable hydrogen projects across polluting sectors ranging from chemicals to steel with cumulative investments in renewable hydrogen in the region seen reaching up to 470 billion euros ($570 billion) by 2050, the region’s commission said.

That has fuelled the stocks of electrolyser makers Norway’s Nel and UK’s ITM Power.

“The momentum just keeps going really with this theme,” Ashim Paun, HSBC’s global co-head of climate change and ESG research said on a webinar.

ZeroAvia, a hydrogen plane startup, last month secured $37.7 million in new cash via a funding round led by Bill Gates’ Breakthrough Energy Ventures and from the British government to support its bid to develop zero-emission aircraft.

The frenzy in hydrogen-related stocks has led to some concerns about a bubble, with companies trading at extreme prices based on expectations that their revenue will surge in future, despite worries about possible headwinds for the sector.

Widespread adoption of hydrogen as a fuel for cars is far from a given.

Toyota launched a new hydrogen fuel cell car in December, but it has largely failed to win customers over to the technology amid concerns about a lack of fuelling stations, resale values and the risk of hydrogen explosions.

The momentum behind electric vehicles may be another headwind, said Jonathan Bell, chief investment officer at Stanhope Capital.

“The problem with hydrogen is that sometimes when you have two competing systems, it’s not the better technology that wins, it’s the one that gets market share and the network effect first of all,” Bell said.

UK-based ITM Power, which manufactures the electrolysers needed to make green hydrogen, is trading at a massive seven times its 2030 sales, while rival Nel is relatively cheap at three times 2030 sales, according to HSBC’s calculations.

Some investors may avoid the sector altogether, after a similar burst of enthusiasm two decades ago proved short-lived, and much of the latest excitement around green energy is based on Biden’s policy plans, which are yet to be passed into law.

But no bank is ringing the alarm bells, yet.

JP Morgan analysts advised long-term investors in a recent note to take advantage of any pullback in prices and “take an unorthodox approach to valuation for the next several years” – in other words, not worry about a potential bubble.

Sean McLoughlin, HSBC EMEA head of industrials research, said scarcity value in the market, unprecedented fiscal stimulus, low cost of capital and debt and low yields in other asset classes mean the hydrogen market’s valuation may be justified though he cautioned it was at a “potentially fraught level.”

“There’s a lot of capital that is very ESG-focused chasing a select number of companies that offer this kind of pure play exposure to these future energy trends. So there is a risk that this may unwind.”

($1 = 0.8258 euros)

(This story corrects paragraph 2 to show hydrogen is the universe’s most abundant element, not earth’s)

(Reporting by Thyagaraju Adinarayan and Elizabeth Howcroft, additional reporting by Julien Ponthus; editing by Rachel Armstrong and Emelia Sithole-Matarise)

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BlackRock to add bitcoin as eligible investment to two funds

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(Reuters) – BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients.

The world’s largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc.

The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday.

Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing big giant moves every day and could possibly evolve into a global market. (https://bit.ly/2XXFHrB)

Earlier this month, Bitcoin, the world’s most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December.

A BlackRock spokesperson declined to comment beyond the filings when contacted by Reuters.

(Reporting by Radhika Anilkumar and Bhargav Acharya in Bengaluru; Editing by Arun Koyyur)

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