The Innovation, Opportunity and Investment (IOI) Summit “evolves” to provide education throughout the year, but signature events move to other NAR conferences.
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The National Association of Realtors pulls out the plug at its annual technical conference.
Last week, the 1.5 million trading group announced the Innovation, Opportunity and Investment (IOI) Summit, which began as the brainchild of then-CEO Bob Goldberg when he first advanced to the role in 2018. Annual “group” for real estate technology innovation.
“This evolution is to create a continuous stream of information, resources and connections, ensuring members and the wider industry are accessible year-round to the latest innovations and opportunities,” said NAR Director of Innovation Strategy. One Dan Weisman said on his blog: I’ll post about the changes.
“It’s about not only increasing the real estate ecosystem adapting to change, but also driving it.”
According to NAR, IOI Collective will provide members, investors and technology leaders with the opportunity to continue to engage and collaborate through real-time updates, quarterly webinars and technology blogs. IOI Collective will also host direct Proptech Meetups. The first Meetup will be held on February 19th at NAR Headquarters in Chicago.
Industry associations will move two of the IOI Summit’s signature events to the flagship conference. NAR will be awarded the Innovator of the Year Award at the Legislative Conference of Real Estate Agents in Washington, DC, a Tech Startup Contest known as Pitch Battle. Houston this November.
The NAR medium and annual conferences attract thousands of participants each year. According to NAR, the IOI Summit had around 500 participants last summer.
“We want to build on the strong community we’ve cultivated over the past six years,” a NAR spokesman told Inman.
Asked why NAR decided to end the IOI summit, the spokesman said: “Technology is evolving rapidly and we feel it’s suitable for our members and the real estate industry by providing year-round education and engagement.”
At Inman Connect New York last month, NAR CEO Nykia Wright told participants that today’s NAR budget is “more constrained,” as NAR “relevant to how you spend your money in the future.” “We’re smarter and more cautious,” he said. Of a $418 million national antitrust settlement.
However, a NAR spokesperson said the IOI change had been ongoing since late 2023 and had nothing to do with wanting to limit spending on NAR after the settlement.
They asked how much NAR could save by eliminating the meeting and moving that aspect to other NAR meetings. The spokesman said: Invest in real estate innovation.
“By integrating key elements of IOI into other NAR conferences, we can expand access, attract more audiences and provide more value to our members.
Please email Andrea V. Brambila.
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