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100 Most Influential

Real Estate Leaders: 2010


An annual list of brokerage company executives, technologists, government
leaders and other luminaries who shape and reshape the real estate industry.
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Industry Special Report
Tuesday, December 14, 2010

100 Most Influential Real Estate Leaders: 2010


An Inman News Special Report
The Inman 100, an annual list of the 100 Most Influential People in Real Estate, recognizes those
power brokers, thought leaders, experts, insiders, and visionaries who influence the real estate
industry with their words, actions, insight and innovations.
This latest list recognizes brokerage company executives, technologists, government leaders, media
players, economists, online luminaries and other industry heavyweights who hold the power to
move the industry forward during this prolonged period of economic hardship and uncertainty. In-
dividuals on the list were selected after a nomination process and an Inman News editorial review.

Inside

Brokerage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 2

Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 10

Trade Organizations, MLSs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 17

Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 22

Media . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 26

Economists, Academics and Consultants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 28

Mortgage and Ancillary Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 30

Online – Blogging, Social Media . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 31

© 2010, Inman Group, Inc. All rights reserved. All trademarks are the property of their respective
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100 Most Influential Real Estate Leaders: 2010

B r o kerag e

Graham Badun
CEO and managing partner
Brookfield Residential Property Services
Graham Badun began his career in the real estate industry as a loan officer in 1988. He
joined Toronto-based Brookfield in 1998 and held several executive positions before
becoming a managing partner and CEO. Under Badun’s direction, Brookfield Residential
Property Services acquired GMAC Home Services in September 2008 and rebranded that
company as RealLiving in late 2009. Brookfield also operates Canadian real estate franchisor Royal LePage.

Stephen Baird
President and CEO
Baird & Warner
Stephen W. Baird, as president and CEO of Chicago-based Baird & Warner, represents
the fifth generation of family ownership for the 155-year-old independent brokerage.
Baird is a board member of The Realty Alliance, a network that has membership from
some of the largest North American real estate companies. Baird & Warner has 26
branch offices and last year reported that it had about 1,800 agents. In an annual report by Real Trends
released this year, Baird & Warner ranked 13th in transaction sides and 15th in closed sales volume among
real estate brokerages tracked. The company traces its roots to a Chicago real estate loan awarded in 1855 by
Luis Duncan Olmsted, who in 1860 established a formal partnership with Lyman Baird.

Charles C. “Lanny” Baker


President and CEO
ZipRealty Inc.
Twitter: @ziprealtyceo
Facebook
Succeeding longtime ZipRealty executive J. Patrick Lashinsky as president and CEO in
October, Charles C. “Lanny” Baker is responsible for the brokerage’s vision, planning and
strategy. Baker came to ZipRealty in 2008 and has also served as the company’s executive vice president and
chief financial officer. Before joining ZipRealty, Baker was chief financial officer for online recruiter Monster
Worldwide Inc., and held management positions in the equity research department at Smith Barney, where he
covered the Internet, e-commerce, radio and television broadcasting industries. A native of San Francisco and
graduate of Yale College, Baker also sits on the board of directors of The Knot Inc., a media company devoted
to weddings.

Inman News | Industry Special Report 2


100 Most Influential Real Estate Leaders: 2010

Mary Frances Burleson


President and CEO
Ebby Halliday Realtors
Facebook
Mary Frances Burleson started her real estate career in 1958 as a secretary at Dallas,
Texas-based Ebby Halliday Realtors. She eventually became a regional manager and
then executive vice president. She has been the company’s president and CEO since
1989. The firm is the 12th-largest brokerage in the country by closed transaction sides, according to Real
Trends. Burleson has been on the board of directors of the National Association of Realtors since 1991.

Sherry A. Chris
President and CEO
Better Homes and Gardens Real Estate LLC
Twitter: @sherrychris
Facebook
Sherry Chris was appointed president and CEO of Better Homes and Gardens Real
Estate LLC in October 2007. Her appointment followed Realogy’s announcement that
it had entered into a 50-year agreement with Meredith Corp. to license the Better Homes and Gardens
name to launch a new and dynamic global residential real estate brand. Chris has more than 27 years of
real estate experience, including a succession of senior positions during her 16 years with Royal LePage
of Canada, followed by executive roles with Real Living (Ohio) and Prudential California-Nevada-Texas
Realty. She joined Realogy in 2006 as chief operating officer for Coldwell Banker Real Estate LLC. In
the past 12 months, Chris has more than doubled the size of Better Homes and Gardens Real Estate. Her
deal to sign Pleasanton, Calif.-based Mason-McDuffie Real Estate added 1,900 agents and $2.8 billion in
annual sales to the company.

Harold E. Crye
Co-founder and president
Crye-Leike Realtors
Facebook
Harold Crye co-founded Memphis, Tenn.-based Crye-Leike Realtors in 1977 at the age
of 31. The company began its franchising operations in 2000 and now has a network
of more than 3,600 sales associates and more than 130 offices. The brokerage was the
sixth largest in the country by closed transaction sides last year, according to Real Trends. Crye is chairman
of the board of Leading Real Estate Companies of the World and has previously served as chairman of the
Realty Alliance.

Inman News | Industry Special Report 3


100 Most Influential Real Estate Leaders: 2010

Richard W. Davidson
President and CEO
Century 21 Real Estate LLC
Facebook
Richard W. “Rick” Davidson is a 20-year real estate industry veteran. He was appointed
president and CEO of Century 21 Real Estate in February 2010. The Century 21 network
includes more than 7,700 offices and 121,000 sales associates globally. Davidson
came to Century 21 from two fellow Realogy subsidiaries, Coldwell Banker Real Estate, where he was chief
operating officer, and Coldwell Banker Commercial Affiliates, where he was president and COO.

Wesley “Wes” Foster Jr.


Founder, chairman and CEO
The Long & Foster Cos.
P. Wesley Foster Jr. founded Long & Foster Real Estate Inc. in 1968 with partner
Henry A. Long. Foster focused on the residential side of the business and Long
specialized in the commercial real estate sector. In July 1979, Foster became sole
owner of the business, which now offers mortgage, title insurance and other insurance
services. Foster is a founding member of two major brokerage networks: The Leading Real Estate Companies
of the World and Realty Alliance. Based in Chantilly, Va., The Long & Foster Cos. has about 200 sales offices
and 13,700 sales associates in eight states in the Greater Washington, D.C., area.

Jim Gillespie
CEO
Coldwell Banker Real Estate LLC
Jim Gillespie is a 36-year veteran of the real estate industry. He joined the
Coldwell Banker brand in 1976 and since then has served in several executive
positions, including three years as the company’s chief operating officer. He has
been CEO of Coldwell Banker Real Estate since 2004. The global franchise
network has about 3,200 offices and 97,000 agents.

Inman News | Industry Special Report 4


100 Most Influential Real Estate Leaders: 2010

Michael R. Good
CEO
Sotheby’s International Realty Affiliates LLC
Michael R. Good, a 33-year real estate industry veteran, has led Sotheby’s International
Realty Affiliates as CEO since February 2004. From 1997-2004 Good served as
executive vice president and chief operating officer for NRT Inc., which oversees
Realogy Corp’s company-owned brokerage operations and the largest U.S. brokerage
company. Before launching his real estate career, Good served as a teacher and was a high school and
collegiate wrestling coach in Minnesota. He was twice named an All-American in wrestling. Realogy’s former
parent company, Cendant, in 2004 entered into an agreement with Sotheby’s Holdings Inc. to create the
Sotheby’s franchise real estate network. The network has about 11,000 sales associates and 500 offices in 42
nations and territories spanning the globe.

Howard W. “Hoddy” Hanna III


Chairman and CEO
Howard Hanna Real Estate Services
Hoddy Hanna is the chairman and CEO of Howard Hanna, the fourth-largest
brokerage in the country, according to the latest rankings from Real Trends. The
company has 131 offices and more than 4,700 sales associates and staff in four states.
Under Hanna’s leadership, the company entered the mortgage banking, title and
home insurance businesses in 1981, offering consumers “one stop shopping” for home purchases. Hanna
is also the founder and former president of the West Penn Multiple Listing Service.

Dorothy “Dottie” Herman


President and CEO
Prudential Douglas Elliman Real Estate
Twitter: @DottieHerman
Facebook
Dottie Herman started her career as a financial planner and part-time sales broker. In
1989, she bought Prudential Long Island Realty and, 14 years later, bought Douglas
Elliman, Manhattan’s largest real estate brokerage. She merged the two companies and became president
and CEO of Prudential Douglas Elliman Real Estate, now the 16th-largest brokerage in the country by
closed transaction sides, according to Real Trends. The company includes more than 3,500 sales associates
and 60 offices.

Inman News | Industry Special Report 5


100 Most Influential Real Estate Leaders: 2010

Paul Hulme
President, founder and CEO
Alain Pinel Realtors

Paul Hulme founded luxury real estate brokerage Alain Pinel Realtors in 1990. The
brokerage has about 1,400 agents and 32 offices in Northern California and made
$5.7 billion in sales in 2009, and ranking seventh in sales volume among U.S. brokers
tracked by Real Trends. A lifelong entrepreneur, Hulme owns several other non-real-
estate-related businesses and employs about 1,700 people in 30 states.

Gary Keller
Co-founder and chairman
Keller Williams Realty
Gary Keller co-founded Austin, Texas-based Keller Williams in 1983. The company
began franchising in 1990 and now has more than 78,000 real estate agents
and nearly 700 offices in the United States and Canada. Keller is in charge of
the company’s strategic direction and was a driving force behind the company’s
innovative profit-sharing model. Keller has co-authored three nationally best-selling books: “The
Millionaire Real Estate Agent,” “The Millionaire Real Estate Investor,” and “SHIFT: How Top Real Estate
Agents Tackle Tough Times.”

Margaret Kelly
CEO
Re/Max LLC

Margaret Kelly was named Re/Max LLC’s CEO in October 2005, after holding a
series of leadership positions since joining the organization as a Financial Analyst in
1987. In January 2010, Kelly was appointed to the board of directors of the Denver
Branch of the Federal Reserve Bank. Kelly speaks before industry groups around the
United States and is frequently interviewed by the media. She has served as CEO guest anchor on CNBC’s
“The Call,” and her industry observations have been quoted by major media organizations. She grew up
in the Detroit area and received a Bachelor of Business Administration in finance and accounting from
Walsh College in Troy, Mich. As a breast cancer survivor, Kelly is an advocate of the Re/Max national
sponsorship of the Susan G. Komen Race for the Cure series.

Inman News | Industry Special Report 6


100 Most Influential Real Estate Leaders: 2010

Glenn Kelman
President and CEO
Redfin
Twitter: @glennkelman
Facebook
Glenn Kelman has been the president and CEO of discount brokerage Redfin since
September 2005. Kelman is known for speaking his mind about brokerage issues, real
estate commission structures and industry rules that stifle innovation. Before joining Redfin, Kelman co-
founded Plumtree Software, a publicly traded portal software company. Redfin expanded to six new markets
in 2010, for a total of 16 markets.

Earl Lee
President
Prudential Real Estate and Relocation Services Inc.
Twitter: @reallyearllee
HoEarl Lee, who served as president of Prudential Relocation from January 2007 to
December 2008 and president of Prudential Real Estate Affiliates Inc. from 2000-
06, was appointed president of Prudential Real Estate and Relocation Services Inc. in
December 2008. Lee landed his first job as a sales professional in 1973, and later in his career he served as
senior vice president, principal broker and partner of Prudential Locations LLC in Hawaii. Prudential Real
Estate had about 1,700 franchise offices and 60,000 sales professionals in its franchise network as of March
31, 2010, the company announced. Prudential Real Estate ranked highest among home sellers in J.D. Power
and Associates’ customer satisfaction survey results released in August 2010, and was the only brokerage
company rated in the survey that improved its score in 2010 compared to 2009.

Dave Liniger
Co-founder and chairman of the board
Re/Max, LLC
Dave Liniger is the co-founder and board chairman of real estate franchise giant Re/
Max. Liniger spent six years in the U.S. Air Force and supplemented his income by
buying and selling homes in the Phoenix area. He co-founded Re/Max in 1973 under
a 100 percent commission model and has grown the company to include more than
90,000 sales associates in more than 80 countries.

Inman News | Industry Special Report 7


100 Most Influential Real Estate Leaders: 2010

Ronald J. Peltier
President and CEO
HomeServices of America Inc.
Ron Peltier joined Edina Realty as a sales associate in 1977 and rose up the ranks to
become the company’s president and CEO in 1992. Under his leadership, HomeServices
of America Inc. was formed in 1998 and grew to become the second-largest brokerage in
the country, according to Real Trends. Peltier was appointed the brokerage’s chairman
in 2008. Peltier is also a co-founder and director of The Realty Alliance and a director of the National
Leading Real Estate Companies of the World.

Alex Perriello
President and CEO
Realogy Franchise Group
Alexander E. Perriello III has served as president and CEO of the Realogy Franchise
Group since April 2004. Perriello oversees the Better Homes and Gardens Real Estate,
CENTURY 21, Coldwell Banker, Coldwell Banker Commercial, ERA and Sotheby’s
International Realty real estate brands, which combined have approximately 14,700
franchised and company-owned offices and 267,000 brokers and sales associates doing business in 100
countries around the world. He served as chairperson of the 2010 National Association of Realtors Strategic
Planning Committee, and was the NAR 2008 Special Liaison for Large Firm Relations. He began career
as a sales associate, and served as president and CEO of Coldwell Banker Real Estate Corp. from 1997 to
2004. He played an integral role in the restructuring and development of Coldwell Banker following its 1996
acquisition by Cendant (then HFS) and its relocation to Parsippany, N.J.

Harley E. Rouda Jr.


President
Real Living
Harley Rouda Jr. became president of Real Living last year when the franchise company
merged with GMAC Home Services LLC. Rouda, whose father founded Real Living
in 2002, had previously been the company’s CEO and managing partner. As 2010
progressed, more than 50 former GMAC brokerages affiliated with Real Living growing
the brand to 400 offices and nearly 10,000 agents.

Inman News | Industry Special Report 8


100 Most Influential Real Estate Leaders: 2010

J. Lennox Scott
Chairman and CEO
John L. Scott Real Estate
J. Lennox Scott is the third-generation leader of John L. Scott Real Estate, which
his grandfather founded in Seattle in 1931. Scott became the company president in
1980 and became chairman and CEO in 2002. The brokerage has 130 offices and
more than 3,200 sales associates in the states of Washington, Oregon and Idaho.
Earlier this year, he wrote a white paper advocating a national down payment assistance program to
stimulate the housing market.

Richard Smith
President and CEO
Realogy Corp.
Richard A. Smith, president and CEO of Realogy Corp., has been responsible for leading
the company’s business operations since 1996. Realogy is a global provider of real estate
and relocation services, providing real estate franchising, brokerage, relocation and
title services. Companies under the Realogy umbrella include Realogy Franchise Group,
which consists of the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker
Commercial, ERA and Sotheby’s International Realty real estate brands. Combined, those brands have
approximately 14,700 franchised and company-owned offices and 267,000 brokers and agents worldwide.
Realogy’s NRT LLC is the nation’s largest residential real estate brokerage company with approximately 740
offices and 44,400 sales associates in more than 35 of the nation’s largest metropolitan markets. Smith is a
member of the Business Roundtable, an association of CEOs of leading U.S. companies.

Jim Weichert
Founder and president
Weichert, Realtors
Jim Weichert opened his first Weichert, Realtors office in 1969. Since then the
company has grown to nearly 18,000 sales associates and over 500 company-
owned and franchised offices nationwide. Weichert states that his company is a
“true full-service real estate company” designed to guide consumers through the
entire purchasing process, including providing mortgage and title insurance services.

Inman News | Industry Special Report 9


100 Most Influential Real Estate Leaders: 2010

Charlie Young
President and CEO
ERA Franchise Systems LLC
Facebook
Charlie Young joined ERA Real Estate as chief operating officer in February 2009 and
was appointed president and CEO two months later when his predecessor, Brenda
Casserly, died after a battle with cancer. Young said this year that his goals for the
company include recruitment, driving a higher sales rate, and lead management and conversion. He said
there are open markets in some key cities, including some that could be characterized as “NFL cities” -- those
large enough to host professional football teams. Before joining ERA, Young served for five years at Coldwell
Banker Real Estate LLC, first as senior vice president of marketing and later as chief operating officer. Young
was previously vice president for Cendant Mortgage (now PHH Mortgage).

Bruce Zipf
President and CEO
NRT LLC
Bruce Zipf has been guiding the strategic direction of NRT LLC, the nation’s largest
residential real estate brokerage company since he was named president and CEO in
2005. NRT owns and operates companies in more than 35 markets, with approximately
46,000 sales associates doing business under the Coldwell Banker, Coldwell Banker
Commercial, ERA, Sotheby’s International Realty and The Corcoran Group brand names. Zipf became a
certified public accountant in 1980, working as a senior audit manager for Ernst and Young before joining
Schlott, Realtors as controller in 1986. He was promoted to senior vice president of Coldwell Banker
Schlott Realtors in 1994. At NRT, Zipf has worn a number of hats, including chief operating officer, chief
administrative officer, and president of NRT’s New York City metro region.

T e chn o l o g y

Steven H. Berkowitz
CEO
Move Inc.
Steve Berkowitz was named the CEO of Realtor.com operator Move Inc. in January
2009, having been appointed to the company’s board of directors in June 2008.
Berkowitz came to Move from Microsoft Corp. where as senior vice president of the
Online Services Group he ran the company’s online business group, which includes
MSN.com, MSNTV and MSN Internet Access programming, advertising sales, business development and
marketing for Live Platform, MSN and Windows Live. Before joining Microsoft in May 2006, Berkowitz
was CEO of online search engine Ask Jeeves from January 2004 until August 2005, when the business was
sold to IAC/InterActiveCorp. Ask Jeeves was renamed IAC Search and Media, and Berkowitz served as its
CEO until May 2006.

Inman News | Industry Special Report 10


100 Most Influential Real Estate Leaders: 2010

Louis Cammarosano
General manager
HomeGain
Twitter: @lcammarosa
Louis Cammarosano joined Emeryville, Calif.-based lead generation and real estate
marketing company HomeGain in 2005 as general counsel. He held two other
executive-level positions with the company before becoming general manager in May
2006. Cammarosano is a former lawyer for Homestore, predecessor to Realtor.com operator Move Inc.
Before getting his law degree, Cammarosano was a tenured school teacher in New York’s South Bronx.

Pete Flint
Co-founder
Trulia
Facebook
Pete Flint co-founded property search site Trulia in 2005. Since then, the site has grown
to become one of the top 10 most-visited real estate websites in the U.S., according
to Web metrics firm Hitwise. This year, Trulia added rental search and a rent-vs.-buy
index to the repertoire of tools available on its site. The company also updated its iPhone application to
include rental and sold listings.

Marty Frame
President
Realtors Property Resource LLC
Twitter: @martyframe
Marty Frame is the president of RPR LLC, the National Association of Realtors’
subsidiary that’s providing a parcel-based national property database to NAR members.
After launching in 2009, RPR went live this year and is on track to be accessible by
nearly 500,000 Realtors by year end. Frame is responsible for RPR’s product strategies and business
operations. Before moving to RPR as one of the company’s founding executives, he was the general manager
of Cyberhomes.com for Fidelity National Financial and Lender Processing Services. A graduate of Yale
University, Frame has also served as chief technology officer of Move Inc.’s Realtor.com.

Inman News | Industry Special Report 11


100 Most Influential Real Estate Leaders: 2010

Sami Inkinen
Co-founder
Trulia
Twitter: @samiinkenen
Sami Inkinen co-founded property search site Trulia in 2005. Since then, the site
has grown to become one of the top 10 most-visited real estate websites in the U.S.,
according to Web metrics firm Hitwise. This year, Trulia added rental search and a rent-
vs.-buy index to the repertoire of tools available on its site. The company also updated its iPhone application
to include rental and sold listings.

Todd John
Chief operating officer
Listingbook
Todd John joined Listingbook, a company that partners with multiple listing services
to provide tools connecting agents and their clients online, in 2008. As chief operating
officer, John is responsible for company sales and revenue, marketing, customer service,
operations and site development. He left an on-demand book publishing company in
December 2000 to work at AOL, and served for eight years in various divisions at Time Warner. Listingbook
in August announced it was taking over operations at online real estate search site Cyberhomes.com from
LPS Real Estate Group Inc. Earlier this year, Listingbook reported that about 140,000 agents were using
Listingbook accounts to serve an estimated 1 million consumers, and the company has partnerships with
more than 40 MLSs that, together, represent about 500,000 agents.

Saul Klein
Senior vice president
Point2 Technologies
Twitter: @saulklein
Facebook
Saul Klein has 36 years of experience in the real estate industry. He was appointed
CEO of Point2 Technologies in December 2007. This year, he led the company through
a successful acquisition by Yardi Inc., a software development and technology services company. Klein
co-founded Internet Crusade, which operates the RealTown online real estate network and is the course
provider for the National Association of Realtors’ e-PRO certification program and a complimentary Web 2.0
and Social Media course for Realtors.

Inman News | Industry Special Report 12


100 Most Influential Real Estate Leaders: 2010

Mark A. Lesswing
Chief technology officer
National Association of Realtors
Mark Lesswing is a bona fide techie, whose career experiences include programming
robots right out of college (B.S., electrical engineering, Lehigh University) before
moving into the field of object-oriented programming. Lesswing has worked for large
database vendors like Sybase and Oracle, and started his own consulting business in
1992. Before joining NAR, he spent three years facilitating corporate turnarounds. Lesswing is a regularly
featured speaker at major trade conferences.

Ian Morris
President and CEO
Market Leader
Facebook
Ian Morris led the successful public offering of HouseValues, now known as Market
Leader, in late 2004. The company offers online marketing services to real estate
professionals and the weak housing market has struck the company hard -- it reported a
net loss of $3.4 million in the third quarter. Morris came to HouseValues in 2002 and was promoted to CEO
after his first year with the company. Before joining HouseValues, Morris had operated MSN HomeAdvisor,
Microsoft’s online real estate business.

Craig Newmark
Founder, customer service representative
Craigslist
Twitter: @craignewmark
Facebook
Craig Newmark – the man behind the global network of Craigslist websites -- launched
an e-mail list of San Francisco events as a hobby in 1995. The list became a website, the
company was incorporated as a for-profit in 1999 and its family of sites – which offer real estate for-sale and
rental listings among a wide range of categories – now collect over 20 billion page views per month. The site
earns revenue from job ads in 18 city areas, New York City apartment listings and some other ads. There
are about 700 local Craigslist sites in 70 countries, and about 50 million U.S. users. Newmark has taken
up a number of causes since founding craigslist, supporting the Iraq and Afghanistan Veterans of America,
Donorschoose.org, the Sunlight Foundation and Kiva.org, among others. He also serves on the advisory
board for Wikipedia. A self-described nerd, Newmark is a software engineer who spent 30 years working
with computers for a range of companies, including IBM and Bank of America.

Inman News | Industry Special Report 13


100 Most Influential Real Estate Leaders: 2010

Sean O’Toole
Founder and CEO
ForeclosureRadar.com
Twitter: @4closureradar
Facebook
Sean O’Toole is the founder and CEO of ForeclosureRadar, a site that tracks the
foreclosure market in five Western states. O’Toole started his first software company at
18 and remained in the software industry for 15 years before trying his hand at real estate investment. By the
time he launched ForeclosureRadar, he had bought and flipped more than 150 residential and commercial
foreclosures.

Steve Ozonian
CEO
RealEstate.com
Steve Ozonian, a well-traveled real estate veteran who has served in executive roles
for Re/Max International Inc., Prudential Real Estate Services, Realtor.com and Bank
of America, among others, was hired to serve as CEO for the RealEstate.com division
of Tree.com – parent to LendingTree.com – in October 2010. Ozonian has seen the
real estate industry from many sides during his 25 years in the industry. He had served as CEO and board
chairman at Help-U-Sell Real Estate from 2006 to 2008, resigning from his role amid a management
restructuring and financial troubles that resulted in Chapter 11 bankruptcy proceedings. RealEstate.
com, Realtors is a brokerage company that operates in about 20 markets and has about 800 sales agents.
RealEstate.com also offers Broker Network, a lead-generation program for real estate brokers, and the
RealEstate.com site serves as a consumer property-search portal.

Spencer Rascoff
CEO
Zillow
Twitter: @spencerrascoff
Spencer Rascoff, who served as chief financial officer and vice president of marketing
when Zillow launched in 2005 and was promoted to chief operating officer in October
2008, stepped into the CEO role when co-founders Rich Barton and Lloyd Frink
departed from their respective posts as CEO and president in September 2010. Barton, who earlier founded
online travel agency Expedia, still serves as executive chairman for Zillow, and Frink, formerly senior vice
president of supplier relations at Expedia, serves as chief strategy officer. Rascoff also worked at Expedia,
serving as vice president of lodging, and in 1999 he founded travel company Hotwire.com prior to its
acquisition by IAC/InterActiveCorp in 2003. From 1997-99 he worked as an investment banker at Goldman,
Sachs & Co., and also had served as an investment professional for Texas Pacific Group.

Inman News | Industry Special Report 14


100 Most Influential Real Estate Leaders: 2010

Greg Robertson
Founder
Vendor Alley
Twitter: @gregrobertson
Greg Robertson founded Vendor Alley, a blog dedicated to the real estate technology
industry, in February 2007. He is also co-founder of W&R Studios, a Web applications
software company. The company’s apps include real estate social bookmarking site
Dwellicious, and online real estate report generator Cloud CMA. In the past, Robertson served as the general
manager and vice president of real estate tech company eNeighborhoods. He currently sits of the board of
directors of the Council of MLS, a trade group for MLS providers.

James Saccacio
CEO
RealtyTrac
Since joining RealtyTrac as chairman and CEO in October 2000, James J. Saccacio
has built the company from a local provider of foreclosure data to the nation’s leading
online foreclosure marketplace, with more than 1.5 million foreclosure properties
attracting more than 3 million unique monthly visitors. Before joining RealtyTrac,
Saccacio was the principal of the Transition Management Group (TMG), a turnaround specialty firm,
where he managed the successful turnaround of a $75 million consumer products company. He began
his career at Bank of America as one of 50 undergraduates selected to receive accelerated training, rising
to assistant vice president in the corporate banking division. Saccacio holds a Bachelor of Business
Administration in accounting and finance from Southern Methodist University and an MBA from the
University of California, Irvine.

Errol Samuelson
President
Realtor.com
Errol Samuelson has served as president of Realtor.com since February 2007 and was
appointed chief revenue officer of Move Inc., the website’s parent company, in May
2009. Samuelson has been with Move Inc. since 2003, where he previously served as
president of Top Producer Systems, a Move subsidiary. Prior to Move, Samuelson was
director of sales, marketing and product management at GTE Enterprise Solutions.

Inman News | Industry Special Report 15


100 Most Influential Real Estate Leaders: 2010

Sam Sebastian
Director, local and business-to-business markets
Google Inc.
Sam Sebastian, who has led Google’s local and business-to-business markets’ direct
sales and service organizations in North America for the past four years, assists a
range of local business types, including real estate brokerages, in using Google’s
advertising platform. He previously worked for Classified Ventures LLC, a tech
venture launched by collaborating newspaper companies, as general manager for search site Homescape.
com, and senior vice president of sales and marketing at real estate lead-generation and marketing
company HomeGain. Sebastian had earlier also served as a consultant for Arthur Andersen in Chicago.
Sebastian was a featured speaker during Google’s Think Real Estate 2010 event for real estate marketers,
which was held in New York City in October.

Steve Schultz
Director, finance and real estate (former)
Yahoo Inc.
Steve Schultz had served as director of finance and real estate for search giant Yahoo
until late 2010, seeing through the formation of an advertising alliance between Yahoo
Real Estate and Zillow that allows Zillow to manage for-sale property listings on both
sites and supplies Yahoo with Zillow’s “Premier Agent” advertising platform. In August,
Yahoo Real Estate overtook Realtor.com as the most-visited real estate website for the first time in the three-
year history of monthly data gathered by Web metrics firm Experian Hitwise, that company reported in
September. Schultz had previously served as director of product management at Active Decisions, a company
that produced software for retailers and banks, and he was director of product marketing at Epiphany, a tech
company offering customer relationship management and automated marketing tools.

Anant Yardi
President
Yardi Systems Inc.
Anant Yardi launched a startup software venture in 1982 that has since grown to over
1,600 employees working in 20 offices in North America, Europe, Asia and Australia.
The company has a headquarters in Santa Barbara, Calif. In 1984, the company’s first
program, “Basic Property Management,” which ran on an Apple II computer, was sold
to brokerage company Sabaco Realtors. The company’s client list now exceeds 20,000 companies, which
collectively represent about seven million residential units and 7 billion square fee of commercial space, the
company has reported. Yardi made some big plays for real estate tech companies in 2010, acquiring real
estate data company PropertyShark.com and Point2 Technology Inc. PropertyShark.com offers volumes
of information, down to the parcel level, on a range of properties in select markets across the nation, while
Point2 offers real estate software, marketing, website and syndication tools, and software and software and
online tools for the heavy equipment industry. Prior to launching Yardi Systems, Yardi worked for Burroughs
Corp., now Unisys.

Inman News | Industry Special Report 16


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100 Most Influential Real Estate Leaders: 2010

Trade Org anizatio ns, M L Ss

Russ Bergeron
CEO
Midwest Real Estate Data LLC
Twitter: @rbergeronmred
Facebook
Russ Bergeron is known as a leader in fostering technological innovation in the
multiple listing service industry. Bergeron joined Chicago-based Midwest Real Estate
Data LLC (MRED), one the largest MLSs in the country, at the end of May 2010. Before his move to
MRED, Bergeron had been the founding CEO for the Southern California Multiple Listing Service (SoCal
MLS) since 1993. He was instrumental in the formation and growth of California Real Estate Technology
Services (CARETS), a data aggregation service comprised of more than 100,000 real estate professionals
from nine MLSs in Southern California.

Art Carter
CEO
California Regional Multiple Listing Service Inc.
Art Carter is the CEO of the newly created California Regional Multiple Listing Service
Inc. (CRMLS). CRMLS is the result of a merger of the California Association of Realtors’
calREDD MLS system and the Pomona, Calif.-based Multi-Regional Multiple Listing
Service Inc. (MRMLS). Carter had served as CEO of MRMLS since August 2005. A
strong advocate for data standards and data aggregation, Carter serves on the boards of the Council of
Multiple Listing Services, California Real Estate Technology Services (CARETS), Real Estate Standards
Organization (RESO) and the National Association of Realtors.

David Charron
President and CEO
Metropolitan Regional Information Systems Inc.
David Charron has been with Rockville, Md.-based MRIS since January 2001, having
managed several organizations that provided information systems to real estate
professionals from 1980 to 1997. In addition to overseeing MRIS’s operations and
maintaining communications with the board of directors and shareholders, Charron
is chairman of the MRIS Investment Committee, serves as a director of the Realtors Federal Credit Union,
and is a member of the NAR MLS Policy Committee. Before joining MRIS, Charron was the president of Net
Input, an Internet-based business consulting practice serving Fortune 500 clients in apparel, media, sports
and real estate.

Inman News | Industry Special Report 17


100 Most Influential Real Estate Leaders: 2010

Craig Cheatham
President and CEO
The Realty Alliance
Craig Cheatham, president and CEO for The Realty Alliance since 2006, served as
CEO for the Association of Real Estate License Law Officials, an organization for
real estate regulators, from 1998-2006. The Realty Alliance is a network of large real
estate brokerage companies in the U.S. and Canada. Among its board members are
Lawrence F. Flick IV, chairman and CEO for Prudential Fox & Roach Realtors; Robert Sibcy, president
of Cincinnati’s Sibcy Cline, Realtors; and Robert Moline, president and chief operating officer for
HomeServices of America Inc. From 1991-98 Cheatham served as assistant executive vice president for the
Alabama Association of Realtors.

Gerard N. “Jerry” Giovaniello


Chief lobbyist and senior vice president, government affairs
National Association of Realtors
As chief lobbyist and senior vice president of government affairs for the National
Association of Realtors, Gerard N. “Jerry” Giovaniello manages the association’s
government affairs staff of approximately 50 people in Washington, D.C. He also
serves as NAR’s lobbyist for members of Congress from California, Washington,
Nevada, Hawaii and Oregon. After winning an extension of the homebuyer tax credit in 2009, NAR
focused much of its efforts in 2010 on the problems homebuyers face in obtaining mortgages. To further
its members’ interests, NAR played an active role in the 2010 elections, racking up more than $6 million
in independent expenditures on behalf of incumbents who have supported the group’s causes in the past.
Giovaniello has firsthand knowledge of how things work on Capitol Hill, having served as chief of staff for
two California Congressman from 1972-81.

Vicki Cox Golder


2011 immediate past president
National Association of Realtors
Facebook
A 37-year industry veteran, Vicki Cox Golder was the 2010 president of the National
Association of Realtors. Golder has been on the association’s board of directors since
1993 and a trustee of NAR’s political action committee since 2002. In the past year,
NAR successfully lobbied Congress to extend the federal homebuyer tax credits and to extend the national
flood insurance program for another year. NAR also launched homeownership site HouseLogic and national
property database Realtors Property Resource.

Inman News | Industry Special Report 18


100 Most Influential Real Estate Leaders: 2010

Bob Hale
President and CEO
Houston Association of Realtors
Twitter: @b0bhale
Facebook
Bob Hale first came to the Houston Association of Realtors in 1973 as the association’s
legal and legislative counsel. He has been HAR’s CEO and president since 1988. A
champion of technological advances within the association and its multiple listing service, Hale won the
Inman News Innovator of the Year Award in 2008. HAR’s Realtor Match tool, which allowed consumers to
search for Realtors based consumer ratings and transaction history, won this year’s Innovator Award for
Most Innovative Web Service.

James “Jim” Harrison


President and CEO
MLSListings Inc.
Twitter: @mlsjimharrison
Facebook
In 2007, Jim Harrison facilitated the consolidation of two multiple listing service
organizations -- RE InfoLink and Central Valley MLS -- in Northern California to
create MLSListings. Harrison then became president and CEO of the Silicon Valley-based company, which
now serves nearly 18,000 subscribers and 6,000 firms. Before joining RE InfoLink as CEO in May 2005,
Harrison held three executive positions at the Northern Virginia Association of Realtors over a period of 10
years and was CEO of North Texas Information Systems for five years. Harrison is currently an adviser for
Realtors Property Resource and is a member of the Alliance of Chief Executives.

Karen Kage
CEO
Realcomp II Ltd.
Karen S. Kage has been the CEO of Farmington Hills-based Realcomp II Ltd.,
Michigan’s largest Realtor-owned multiple listing service, since 1998. Kage first entered
the world of real estate more than 30 years ago as a statistical typist at a local board of
Realtors, when property information was manually typed onto the backs of listing photo
cards, which were the vehicles brokers and agents used to share listing information. Throughout the years,
Kage has held many positions that allowed her to experience firsthand many facets of the real estate industry
as it evolved. At Realcomp, she supervises a staff of 35 who provide MLS and real property data-related
services to nearly 11,000 Realtor members.

Inman News | Industry Special Report 19


100 Most Influential Real Estate Leaders: 2010

Teresa King Kinney


CEO
Miami Realtors
Twitter: @teresakinney
Teresa King Kinney is CEO of Miami Realtors, which with more than 23,000 members
is the largest local Realtor association in the nation. As CEO of the Realtor Association
of Greater Miami and the Beaches (RAMB), Kinney helped lead negotiations that
led to the association’s merger with the Realtor Association of Miami-Dade County (RAMDC) this year.
Kinney has more than 30 years’ experience in Realtor association management, and has written a number
of articles and presented seminars on the topic at state, national and international association meetings
across the U.S., Latin America, France, Spain and Russia.

Pam O’Connor
President and CEO
Leading Real Estate Companies of the World
Twitter: @LeadingREPam
Facebook
For more than 25 years, Pam O’Conner has managed the companies that ultimately
consolidated into Leading Real Estate Companies of the World. LeadingRE is based
in Chicago and represents 5,000 offices and 150,000 sales associates worldwide. O’Connor is also a Senior
Certified Relocation Professional (SCRP) and serves on the board of directors and executive committee of
Worldwide ERC, a trade association for the relocation industry.

Joel Singer
Executive vice president
California Association of Realtors
Joel Singer has led the California’s statewide Realtor association since 1989. He
joined the group in 1978 and has served as its chief economist and led its public affairs
department. He helped to developed CAR for-profit subsidiary Real Estate Business
Services Inc. and is president and CEO of zipLogix, a real estate technology subsidiary
of REBS that offers electronic real estate forms and a transaction management system. The California
Association of Realtors’ board of directors in June approved the merger of the association’s calREDD
multiple listing service system with Pomona, Calif.-based Multi-Regional MLS Inc., creating California
Regional Multiple Listing Service Inc.

Inman News | Industry Special Report 20


100 Most Influential Real Estate Leaders: 2010

Steven Spinola
President
Real Estate Board of New York
Steven Spinola has served as president for the Real Estate Board of New York, a trade
association with about 12,000 members, since 1986. The powerhouse organization,
more than 100 years old, represents a range of real estate professionals, including
builders, brokers, managers, banks, insurance companies, pension funds, real estate
investment trusts, attorneys, architects and others. The organization maintains a property listings portal for
its members and regularly publishes public housing market reports. Spinola previously served as president
for New York City’s Public Development Corp.

Dale Stinton
CEO
National Association of Realtors
Dale A. Stinton was named a 2010 Innovator of the Year by Inman News for his role in
keeping the National Association of Realtors at the forefront of technological change.
Under Stinton’s leadership, NAR launched Realtors Property Resource, a national
property database that went live in September. Other significant milestones during
Stinton’s five-year tenure as CEO include the creation of NAR’s “Game Changer” program, which provides
grant funding to innovative Realtor association initiatives, and the formation of NAR’s technology incubator
and venture capital fund, Second Century Ventures LLC. Stinton also serves as president Second Century
Ventures, which last year purchased a 5.4 percent stake in electronic signature services provider DocuSign.
On the political front, under Stinton NAR successfully lobbied lawmakers to keep banks from offering real
estate brokerage services, and to provide tax credits for homebuyers.

Lawrence Yun
Chief economist
National Association of Realtors
As chief economist and senior vice president of research for the National Association
of Realtors, Lawrence Yun not only directs NAR’s research activity but provides
commentary on real estate market trends for the news media and NAR members. Yun,
who has worked for NAR for a decade, oversees NAR’s forecasts and participates in
many economic forecasting panels, including Blue Chip and the Harvard University Industrial Economist
Council. USA Today has listed Yun as one of the nation’s top 10 economic forecasters, based on an analysis
by the Atlanta Federal Reserve of predictions made by 37 economists. Before coming to NAR, Yun worked
as an economic consultant to the U.S. Department of Veterans Affairs and the U.S. Department of Education.

Inman News | Industry Special Report 21


100 Most Influential Real Estate Leaders: 2010

Go vernm e nt

Melanie Aitken
Commissioner of Competition
Competition Bureau of Canada
Melanie Aitken, commissioner of competition for Canada’s Competition Bureau,
an agency similar to the U.S. Federal Trade Commission, oversaw the ratification
of a consent agreement this year between the bureau and the Canadian Real Estate
Association, a Realtor trade group that operates Canada’s Realtor.ca real estate search
website. The agreement brought to rest a 3 1/2-year dispute over rules that the Competition Bureau deemed
restrictive to some forms of limited-service real estate brokerage. The Competition Bureau had filed a
complaint against CREA in February 2010. Aitken served as interim commissioner from Jan. 12, 2009, to
Aug. 4, 2009, before she was appointed as commissioner for a five-year term that year.

Sheila C. Bair
Chairman
Federal Deposit Insurance Corp.
While bank failures are expected to exceed the 2009 volume, Federal Deposit Insurance
Corp. Chairman Sheila C. Bair has said she expects bank failures to peak this year.
FDIC has a mission to protect bank customers’ deposits in the event a bank goes belly
up. The FDIC reported that FDIC-insured institutions earned an aggregate profit of
$14.5 billion in third-quarter 2010, much improved from $2 billion earned in third-quarter 2009. But the
number of institutions on the agency’s “Problem List,” with increased risk of failure, rose to 860 in the third
quarter, which was the highest level since March 31, 1993. The agency had intervened in 127 failures of
FDIC-institutions in the first three quarters of the year. Bair has served as FDIC chairman since 2006, and
she had earlier served as assistant secretary for financial institutions at the U.S. Department of Treasury and
as senior vice president for government relations of the New York Stock Exchange.

Ben Bernanke
Chairman
Federal Reserve Board
After implementing drastic measures during his first term that supporters say prevented
a meltdown of the financial system, Federal Reserve Board Chairman Ben Bernanke was
rewarded with a second four-year term and will continue leading the Fed through 2014.
The Fed’s massive purchases of mortgage-backed securities were credited with helping
keep mortgage rates low in 2010. But some critics fear that the program’s successor, “QE2” -- a second round
of quantitative easing through the purchase of Treasurys -- will spark inflation. With Bernanke’s position at
the helm secure, some Fed critics are now directing their animosity at the institution itself, demanding that
it be stripped of its independence, if not abolished altogether. But implementation of the Dodd-Frank Wall
Street Reform and Consumer Protection Act of 2010 is expected to give the Fed -- and Bernanke -- greater
regulatory powers.

Inman News | Industry Special Report 22


100 Most Influential Real Estate Leaders: 2010

Christopher J. Dodd
U.S. Senator
Connecticut
Twitter: @senchrisdodd
Facebook
As chairman of the Senate Banking Committee, Sen. Chris Dodd capped a 30-year
career in the U.S. Senate by helping shepherd the financial regulatory reform bill that
bears his name -- the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 -- to President
Obama’s desk. Like his colleague in the House, Rep. Barney Frank, D-Mass., Dodd was an ally of Fannie
Mae and Freddie Mac during the housing boom. Although Dodd, Frank and other Democrats supported
legislation aimed at strengthening oversight of Fannie and Freddie, they opposed Republicans’ attempts to
cap the mortgage giants’ portfolios during the Bush administration. In his final term, Dodd was embroiled in
controversy over his participation in Countrywide Financial’s “Friends of Angelo” program, which allegedly
allowed him to take out two mortgages at below market rates. Dodd said he didn’t get a sweetheart deal on
the mortgages, and a Senate ethics panel later found no evidence that he’d sought special treatment from
Countrywide.

Shaun Donovan
Secretary
U.S. Department of Housing and Urban Development
Shaun Donovan, former commissioner for the New York City Department of Housing
Preservation and Development, took office as secretary for the U.S. Department of
Housing and Urban Development in January 2009. Donovan oversees the Federal
Housing Administration, which is the largest government insurer of mortgages. The
FHA has been instrumental in assisting buyers acquire loans in an environment of restrictive lending. HUD
has worked to implement several Obama administration programs intended to avoid foreclosure, such as
the Home Affordable Foreclosure Alternatives program, which is intended to expedite short sales or deeds in
lieu of foreclosure for those who do not qualify for loan mods via the federal Home Affordable Modification
Program -- HAMP has been widely criticized for its failure to produce a high rate of successful, permanent
loan mods. During the Clinton administration, Donovan had served as deputy assistant secretary for
multifamily housing and had served as acting FHA commissioner during the transition from the Clinton to
Bush administrations.

Inman News | Industry Special Report 23


100 Most Influential Real Estate Leaders: 2010

Kenneth R. Feinberg
Founder and managing partner
Feinberg Rozen LLP
Perhaps best as the administrator of the fund created to compensate victims of the 9/11
attacks, Kenneth R. Feinberg became an important person in the lives of many Gulf Coast
Realtors when he was put in charge of the $20 billion fund established to compensate victims
of the BP oil spill. After meeting with Realtor associations and brokers, and engaging in talks
coordinated by NAR CEO Dale Stinton, Feinberg “walked out on a limb” and carved $60 million out of the fund
that was earmarked for real estate professionals. Realtor associations in five states -- Texas, Louisiana, Mississippi,
Alabama and Florida -- distributed the funds. Addressing Realtors in November in New Orleans, Feinberg said “my
trust in you has been vindicated 1,000 percent.” Feinberg wrote a book about his experiences administering the
9/11 fund. As an arbitrator, he helped determine the fair market value of the original Zapruder film of the Kennedy
assassination, and legal fees in Holocaust slave labor litigation.

Barney Frank
U.S. Congressman
Massachusetts
Facebook
As chairman of the House Financial Services Committee, Rep. Barney Frank played a
key role in shaping the landmark financial regulatory reform bill that bears his name:
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The bill
-- the most extensive revision of the U.S. financial regulatory system since the Great Depression -- creates a
new Bureau of Consumer Financial Protection with jurisdiction over mortgage lenders and other providers
of consumer financial products. Many in the lending industry fear Dodd-Frank will restrict credit and create
additional cost and complexity. Frank, who has served in Congress since 1981, will step down as chairman
of the House Financial Services Committee next year, when the 112th Congress is sworn in. Republicans,
who will be in the majority, have elected Rep. Spencer Bachus, R-Ala., to chair the committee, but Frank will
continue to play a leadership role as the committee’s ranking Democrat.

Charles E. “Ed” Haldeman Jr.


CEO
Freddie Mac
Charles E. “Ed” Haldeman Jr. was named CEO for secondary mortgage giant Freddie
Mac in July 2009. He had formerly served as chairman of Putnam Investment
Management LLC, where he worked to reorganize the company during a period of
scandal involving improper trading by the company’s managers. While he lacked a
background in the mortgage and housing industries, Haldeman has said that his navigation of the regulatory
issues and experience in working with financial services companies helped to prepare him for his role at
Freddie Mac. The fate of Freddie Mac and sister mortgage entity Fannie Mae has been a political bouncing
ball since the government-sponsored entitites were placed under conservatorship by the U.S. Treasury
Department in September 2008, and legislation restructuring their role may not come to pass until 2012 or
beyond. Haldeman had earlier served as chairman and CEO for Delaware Investments and as president and
chief operating officer for United Asset Management Corp.

Inman News | Industry Special Report 24


100 Most Influential Real Estate Leaders: 2010

Tom Miller
Attorney General
Iowa
Iowa Attorney General Tom Miller this year took the lead in the Mortgage
Foreclosure Multistate Group, with membership from all 50 state attorneys general
and dozens of state banking and mortgage regulators, to delve into the “robo-
signing” scandal over the improper processing of foreclosure documentation.
Among the goals of the group, according to an October announcement: stopping improper mortgage
foreclosure practices and establishing a mechanism for better, independent monitoring of future
practices. The robo-signing scandal has slowed the foreclosure process, as several major loan services
temporarily halted foreclosure practices to review their practices. Miller’s office established a Mortgage
Help Hotline as a resource for distressed homeowners. Miller served as Iowa’s attorney general from
1979-91, was elected to the office again in 1994, and was re-elected in 1998, 2002 and 2006. He has
served as president of the National Association of Attorneys General.

David Stevens
Commissioner
Federal Housing Administration
As the Obama administration’s pick to run the Federal Housing Administration, David
Stevens has so far managed to steer the FHA’s loan guarantee program clear of the need
for a taxpayer bailout. The former Long & Foster Cos. president and chief operating
officer has implemented a series of changes to FHA’s underwriting standards and
premium structures that are intended to restore the program’s capital cushion. Anticipated claims from
loans insured at the height of the housing bubble continue to weigh on FHA’s capital reserve ratio. FHA now
insures about 40 percent of purchase loans, and some critics have charged that FHA has shifted its focus
away from low- and moderate-income borrowers. Earlier in his career, Stevens spent 16 years with World
Savings Bank and also served in executive roles at Wells Fargo and Freddie Mac.

Michael J. Williams
President and CEO
Fannie Mae
Michael J. Williams was appointed to lead Fannie Mae in 2009 as the company
continued to play a key role in responding to the housing crisis. Williams says he’s
focused on supporting realistic, common-sense lending, building a profitable new book
of business, reducing credit losses on its legacy book, and transforming the company
to better serve the housing and mortgage markets. In a career with Fannie Mae spanning nearly 20 years,
Williams has been senior vice president for eCommerce, helping bring Fannie Mae into the digital era by
leading the development of Desktop Underwriter. In 2005, he was named executive vice president and chief
operating officer, later overseeing Fannie Mae’s role as administrator of the U.S. Treasury Department’s
Making Home Affordable program, bolstering the company’s foreclosure prevention and credit loss
mitigation operations and managing the majority of the organization. Since 2009, Fannie Mae has helped
475,000 homeowners avoid foreclosure through loan modifications and workouts.

Inman News | Industry Special Report 25


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100 Most Influential Real Estate Leaders: 2010

M edia

Lani Anglin-Rosales
New media director, author
AgentGenius
Twitter: @LaniAR
Lani Anglin-Rosales is the new media director and author for AgentGenius, a multi-
author online real estate magazine. Her husband, Benn Rosales, founded AgentGenius.
The AgentGenius site launched in May 2007 as the RealtorGenius.com blog, though
after a request by the National Association of Realtors the site rebranded. A life-long Austin, Texas,
resident, Anglin-Rosales is co-founder and president of New Media Lab, a company that offers digital
communications and social media consulting and services.

John E. Featherston
Founder, CEO, publisher
RISMedia
John E. Featherston founded real estate media company RISMedia in 1980. The
company publishes daily real estate news online, and offers a monthly print magazine.
Among its annual events are Power Broker forums, held in conjunction with National
Association of Realtors conferences. The company’s annual Power Broker Report and
Survey ranks hundreds of U.S. real estate brokerages by transaction sides and sales volume. RISMedia
operates the Real Estate Information Network for brokers and Top 5 in Real Estate Network for agents. The
company is based in Norwalk, Conn.

Kenneth Harney
Columnist
The Washington Post
Ken Harney writes an award-winning, nationally syndicated column for the Washington
Post Writers Group called “The Nation’s Housing” on tax laws, mortgages, and real
estate markets. He has written two books on real estate and mortgage finance and
served successive terms as president and chairman of the board for the National
Association of Real Estate Editors in 2008 and 2009. Harney is a former member of the Federal Reserve
Board’s Consumer Advisory Council.

Inman News | Industry Special Report 26


100 Most Influential Real Estate Leaders: 2010

Jody Lane
President, CEO, publisher
Realty Times
A past member of the National Association of Realtors, Jody Lane is the publisher
and majority owner of Realty Times, a national real estate news service based in
Dallas that launched as an online news service called Agent News in October 1997.
The company later rebranded as RealSelect through a partnership with Realtor.com’s
operator, and the name was changed to Realty Times when Lane and his partners gained full ownership.

Steve Murray
Editor, president
Real Trends
With 33 years of experience in the residential real estate brokerage industry, Steve
Murray leads Castle Rock, Colo.-based Real Trends, a research and publishing
company. Real Trends publishes an annual report that ranks top U.S. brokerages based
on transaction sides and sales volume. Murray also serves as president of Murray
Consulting firm, which offers consultations on mergers and acquisitions, management strategies, and profit
and loss analytics, among other specialties. Real Trends and Murray Consulting were formed in 1987.

Lockhart Steele
Founder
Curbed
Twitter: @lock
Facebook
Lockhart Steele, founder of the Curbed family websites, which now includes a string of
city-based sites and a national site, is also the proprietor of Eater.com and Racked.com.
The Curbed sites offer quick, sly takes on all things at least loosely related to real estate, with content ranging
from celebrity homes for sale to home decor and new developments. The Curbed National site launched this
year, and Curbed local sites cover New York City, Los Angeles, San Francisco, Chicago and the Hamptons,
N.Y. Steele is former managing editor of Gawker Media and co-author of “The Pharmer’s Alamanac,” a bible
of sorts for fans of the rock band “Phish.”

Inman News | Industry Special Report 27


100 Most Influential Real Estate Leaders: 2010

E c on omists, A cad emics and C ons ultants

Steve Harney
CEO
Steve Harney, Inc.
Twitter: @kcmcrew
Facebook
Steve Harney is a residential real estate expert and trainer. A 26-year industry veteran,
he is founder and CEO of Steve Harney Inc., a negotiation and leadership training firm
for real estate professionals. He authors Keeping Current Matters, a subscription-based monthly report
containing real estate advice and market information. Harney developed his own real estate firm in May
1995, growing it to more than 450 agents and 11 offices before its acquisition by NRT in August 2003.

Stan Humphries
Chief economist
Zillow.com
Twitter: @StanHumphries
As chief economist at Zillow.com, Stan Humphries helped create the algorithm for
the company’s automated property “Zestimates,” and is also in charge of calculating
housing market statistics including the Zillow Home Value Index. Before joining Zillow,
Humphries spent five years at Expedia.com where he ran a team responsible for finding innovative ways
to use data, building systems for personalization, pricing, forecasting, and fraud detection. His career also
includes stints at the University of Virginia, where he was a researcher and faculty member, and NASA,
where he negotiated international science agreements. Humphries also taught physics and chemistry classes
in West Africa with the Peace Corps.

Brian Larson
Managing member
Larson/Sobotka PLLC
Twitter: @blarsonmpls
Brian N. Larson is managing member of the law firm of Larson/Sobotka PLLC and
president of Larson/Sobotka Business Advisors LLC. The Minneapolis-based firms
provide advice to MLSs, Realtor associations, real estate brokers and other businesses.
Larson has advised numerous MLSs regarding strategic and legal implications of listing syndication and data
licensing through partners such as RPR, CoreLogic and others. As a consultant, he provides strategy and
operations advice. During 2010, Larson has focused on two consulting initiatives: MLS Domains Association,
an effort by MLSs to apply for and obtain their own top-level domain on the Internet (.MLS), and Effective
MLS Market Solutions (EMMS), a program funded by the National Association of Realtors to help groups of
MLSs find ways to work together to better serve their subscribers.

Inman News | Industry Special Report 28


100 Most Influential Real Estate Leaders: 2010

Bill Lublin
CEO
Century 21 Advantage Gold Institute
Twitter: @billlublin
Facebook
Bill Lublin is the CEO of Century 21 Advantage Gold, one of the largest brokerages in
the country, according to Real Trends. He is also the founder and CEO of the Social
Media Marketing Institute, which offers training programs in social network marketing and worked with
the National Association of Realtors to develop a new curriculum for the e-PRO certification program,
which offers training to real estate professionals in the use of technology to better serve and engage
with consumers. He also has served as a member of NAR’s Professional Standards Committee and Risk
Management Committee. In 2011, he will serve as vice chairman for NAR’s Risk Management and License
Law Forum.

Nicolas P. Retsinas
Director emeritus
Joint Center for Housing Studies, Harvard University
A former federal housing commissioner during the Clinton administration, Nicolas
P. Retsinas is director emeritus of the Joint Center for Housing Studies at Harvard
University, which produces The State of the Nation’s Housing, an annual report
detailing national housing statistics, ranging from income levels and housing costs
to demographic trends and construction activity. Retsinas also teaches housing finance and real estate in
emerging markets at the Harvard Business School. And he has served as director of the Office of Thrift
Supervision and as a member of both the Federal Deposit Insurance Corp. and Federal Housing Finance
boards. He also serves on the board of directors of Community Development Trust Inc., Freddie Mac and the
Center for Responsible Lending. He joined JCHS in 1998.

Robert J. Shiller
Economist, author
Yale University
Facebook
Robert Shiller is a professor of economics at Yale University and co-founder and chief
economist of MacroMarkets LLC. Shiller co-founded home-price research company
Case-Shiller Weiss Inc. in 1991, later bought by Fiserv Inc. in 2002. The firm developed
the U.S. Home Price Indices, now managed by Standard & Poor’s and followed across the real estate
industry. Shiller is the author of several books, including “Market Volatility,” “Irrational Exuberance,” and
most recently, “The Squam Lake Report: Fixing the Financial Markets.”

Inman News | Industry Special Report 29


100 Most Influential Real Estate Leaders: 2010

Mark Zandi
Chief economist
Moody’s Analytics
Policymakers, elected officials and the media often call on Mark Zandi for insight on the
economy. Zandi frequently testifies before Congress, has provided advice to the Obama
administration, and served as economic advisor to Sen. John McCain’s presidential
campaign. Known for his insight into the causes of mortgage foreclosure and personal
bankruptcy, Zandi has also analyzed the economic impact of tax and government spending policies. He’s
often consulted on ways to minimize the impacts of the financial crisis, and on measures that could prevent
risky asset bubbles from forming again. He’s currently working on a follow-up to his book, “Financial
Shock,” an exposé of the financial crisis. The new book, “Paying the Price,” will attempt to provide a roadmap
for meeting the nation’s daunting fiscal challenges. Zandi conducted his doctoral research with Gerard
Adams and Nobel laureate Lawrence Klein at the University of Pennsylvania.

M ort g a g e and A nc il lary Se rvi ces

John Courson
President and CEO
Mortgage Bankers Association
Having begun his career in mortgage lending during summers in high school and college,
John A. Courson has been involved in the home loan business for more than 40 years.
Before earning an undergraduate degree in business and finance from the University of
Colorado, he was originating loans as branch manager of a two-person office in a Denver
suburb. After graduation, Courson worked as a loan officer for Fort Wayne Mortgage, working his way up to
become the Detroit-based company’s president and CEO. He’s served in the same capacity for Central Pacific
Mortgage Co. and Westwood Mortgage Corp., and was president and chief operating officer of Fundamental
Mortgage. Courson was chairman of the Mortgage Bankers Association in 2003, and was appointed the
following year by California Gov. Arnold Schwarzenegger to the board of directors of the California Housing
Finance Agency, which he chaired for four years. Courson became the Mortgage Bankers Association’s chief
operating officer in 2008, and was appointed president and CEO in January 2009.

Raymond R. Quirk
CEO
Fidelity National Title Group
Raymond “Randy” Quirk has served as CEO of Fidelity National Title Group (FNTG),
the nation’s largest title insurance company, since 2005. He is also president of Fidelity
National Financial Inc., a leading provider of title insurance, specialty insurance, claims
management and information services. As FNTG’s CEO, Quirk is responsible for the
direct and agency operations of five leading title insurance underwriters: Fidelity National Title, Chicago
Title, Ticor Title, Security Union Title Commonwealth Land Title, Lawyers Title and Alamo Title. He’s also
responsible for ServiceLink, a provider of centralized title and closing services to national lenders.

Inman News | Industry Special Report 30


100 Most Influential Real Estate Leaders: 2010

ON L I N E – BLOGGI N G , SOC IAL M E DIA

Rudolph “Rudy” D. Bachraty III


Social media guru
Trulia
Twitter: @rudybachraty
Facebook
As a co-founder of the Sellsius blog, which launched five years ago, Rudy Bachraty
made a name for himself in the world of online real estate, along with fellow co-founder
Joseph “Joe” G. Ferrara. In 2008 Bachraty joined real estate site Trulia as social media guru, overseeing
social media activities and authoring a Trulia blog. He has worked as a real estate broker, launching
Manhattan-based Kiosk Realty in 2007.

Jason Berman
Lead organizer
REBlogWorld
Twitter: @jbinfrisco
Facebook
Jason Berman founded Sierra Funding in 1995 in Colorado and in 2006 served as
president of the Colorado Association of Mortgage Brokers. During his tenure as
president, a new regulation was passed mandating minimum standards for mortgage brokers working in
the state. Berman has also served on National Association of Mortgage Brokers committees, and he serves
as lead organizer for REBlogWorld, a real estate blogging and social networking conference that launched in
2008. The latest event was held in October 2010.

Todd Carpenter
Manager of social media
National Association of Realtors
Twitter: @tcar
Facebook
Todd Carpenter is in charge of social media engagement for the National Association
of Realtors. A veteran of the mortgage industry, he founded industry blog Lenderama
in 2005 and authored it until March 2009. Carpenter is a frequent conference speaker and co-founder of
REBlogWorld, a Web 2.0 marketing conference for the real estate industry.

Inman News | Industry Special Report 31


100 Most Influential Real Estate Leaders: 2010

Dale Chumbley
Realtor
Clark County Real Estate Guide
Twitter: @DaleChumbley
Facebook
A second-generation Realtor in Vancouver, Wash., Dale Chumbley hosts the “365
Things To Do in Vancouver, WA” site on Facebook, which each day features local items
of interest. He also posts the items to his blog site, the Clark County Real Estate Guide. Prior to launching
his real estate career in 1994, Chumbley worked with land records for the Clark County Department of
Assessment and Geographic Information Systems. Chumbley has organized and participated in real estate
training and education events to share his social media experience with others.

Frank Garay
Co-creator
TBWS Daily Show
Twitter: @tbwsd
Facebook
Frank Garay and Brian Stevens are leaders in video marketing for real estate agents
and mortgage brokers. They host the TBWS Daily Show, a video blog that mixes
humor and real estate news. They claim to get more than 20,000 views for each daily show and more than
100,000 unique viewers monthly. They also offer video training and online lead-generation services at
ThinkBigWorkSmall.com. Before founding TBWS, both had worked in the mortgage business for more than
20 years.

Andy Kaufman
Organizer
Real Estate BarCamp
Twitter: @andykaufman
Facebook
In 2008, Andy Kaufman organized the first Real Estate BarCamp in San Francisco, an
informal, user-generated, real estate-themed grassroots event that has since spread
to numerous locations across the country and internationally. The RE BarCamp movement borrowed
from the formula introduced by predecessor technology BarCamps. Kaufman, founding partner of the
MyEastBayAgent team with Better Homes and Gardens Mason-McDuffie Real Estate in Berkeley, Calif.,
continues to consult with other local RE BarCamp organizers. He also is an advisory board member for the
Social Media Marketing Institute.

Inman News | Industry Special Report 32


100 Most Influential Real Estate Leaders: 2010

Bill McBride
Author
Calculated Risk blog
Twitter: @calculatedrisk
A full-time blogger who retired as a senior executive of a small public company in the
1990s, Bill McBride has built a large following of readers with his astute commentary
on statistics and trends he gathers from a diverse range of sources. Founded in 2005,
Calculated Risk is rated by EconDirectory.com as the most popular blog of its kind. McBride holds an MBA
from the University of California, Irvine.

Nicole Nicolay
Co-founder, chief creative officer
Agent Evolution
Twitter: @nik_nik
Facebook
Nicole Nicolay is a social media butterfly who has commanded an online following.
As creator and chief creative officer for Agent Evolution, Nicolay offers social media
and WordPress design training for real estate professionals. Nicolay is also a frequent speaker at real estate
industry events, and has contributed to MyTechOpinion, a real estate technology blog, since 2005. She is co-
founder and owner of Effektive Solutions, a real estate technology and marketing services company. She has
previously worked as an elementary school teacher and is wife to Reggie Nicolay, director of social media for
the National Association of Realtors’ Realtors Property Resource.

Reggie Nicolay
Director of social media
Realtors Property Resource
Twitter: @ReggieRPR
Facebook
Reggie Nicolay, founder of real estate technology blog MyTechOpinion, landed a job
as social media director for the National Association of Realtors’ Realtors Property
Resource, a property database for Realtors, last year. He moved to RPR from real estate search and valuation
site Cyberhomes.com, where he also served as social media director. RPR launched in September 2010,
and more than 100 MLSs, representing about 265,000 Realtors, have signed up for access to the property
database system, which has data on about 147 million parcels of property. As social media director for
RPR, Nicolay is responsible for brand monitoring and social media strategies, among other functions. He
previously has served as a Web producer at Internet start-up Markettools.com and regional tech director
for Fidelity National Financial. He is husband to Nicole Nicolay, a real estate tech blogger and co-founder of
Agent Evolution.

Inman News | Industry Special Report 33


100 Most Influential Real Estate Leaders: 2010

Daniel Rothamel
Realtor, blogger
Real Estate Zebra
Twitter: @realestatezebra
Facebook
Daniel Rothamel, an avid blogger and a Realtor for Strong Team Realtors in Palmyra,
Va., markets his services as the Real Estate Zebra. His brand name borrows from
the stripes he wears as an officiate for high school and collegiate basketball games. An avid social media
proponent, Rothamel is a former community manager for Inman News and is a frequent speaker about real
estate marketing, technology and social media. He also completed training to teach e-PRO tech classes to
real estate professionals.

Chris Smith – *People’s Choice


Co-founder
Tech Savvy Agent .
Twitter: @techsavvyagent
Facebook
Chris Smith co-founded Tech Savvy Agent, a blog that offers hardware and software
reviews, videos, tech advice and tips, and social media strategies. Tech Savvy Agent won
this year’s Inman News Innovator Award for most innovative blog and more than 11,000 people have “Liked”
the blog on Facebook. Smith was also the driving force behind the launch of a real estate blog focused on
Apple products, Mac Savvy Agent. Smith has been an Internet marketing and social media consultant for
Move Inc. for the past two years. Smith is the “People’s Choice” winner of this year’s Most Influential list --
he received the most votes in a survey of Inman News readers between Oct. 27 and Nov. 15.
*Chris Smith is the “People’s Choice” in this year’s Most Influential list. He received the most votes among
hundreds of reader nominees in an online survey conducted from Oct. 27 to Nov. 15.

Brian Stevens
Co-creator
TBWS Daily Show
Twitter: @tbwsd
Facebook
Brian Stevens and Frank Garay are leaders in video marketing for real estate agents
and mortgage brokers. They host the TBWS Daily Show, a video blog that mixes
humor and real estate news. They claim to get more than 20,000 views for each daily show and more than
100,000 unique viewers monthly. They also offer video training and online lead-generation services at
ThinkBigWorkSmall.com. Before founding TBWS, both had worked in the mortgage business for more than
20 years.

Inman News | Industry Special Report 34


100 Most Influential Real Estate Leaders: 2010

Jay Thompson
Founder
PhoenixRealEstateGuy.com
Twitter: @PhxREguy
Facebook
Jay Thompson is designated broker and a co-owner of Thompson’s Realty, an
independent brokerage based in Phoenix, Ariz. A self-professed “man with a blogging
problem” and “social media fanboy,” Thompson founded the real estate blog Phoenix Real Estate Guy in
May 2005. Inman News recognized the blog as the most innovative real estate blog of 2009. Thompson is
a frequent speaker at real estate conferences and is licensed to teach continuing education classes on social
media marketing and prospecting in the state of Arizona.

Jeff Turner
President
Zeek Interactive
Twitter: @respres
Facebook
Jeff Turner is the president and chief operating officer of Zeek Interactive and
RealEstateShows.com, and a popular tech and online strategist. Zeek Interactive
develops websites and games as marketing vehicles for clients. Real Estate Shows, which helps agents and
brokers create virtual tours from still photos, is one of the company’s proprietary products. Turner has more
than 20 years of experience as an entrepreneur.

© 2010, Inman Group, Inc. All rights reserved. All trademarks are the property of their respective companies. Purchasers of this report may make one
attributed copy or slide of each figure contained herein. Additional reproduction or distribution of this report in whole or in part is strictly prohibited.
For information about group purchases or other distribution options go to www.inman.com.

Inman News | Industry Special Report 35

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