Big Barrier Removed for Online Real Estate Brokers

Posted on May 28, 2008
Filed Under Uncategorized |

The trade group, which represents 1.2 million residential and commercial brokers, called the settlement “a win-win” for its industry and consumers.

“Today I can say with clear knowledge … that the real estate industry is dynamic, entrepreneurial and fiercely competitive,” said NAR President Richard Gaylord in a statement.

[From Online real estate agents get equality with traditional brokers - USATODAY.com]

The National Association of Realtors reached a settlement, which has to be approved by a judge, to end anticompetitive activities that constrained online real estate services and brokers. I was actually a little shocked to learn that there are over 1,000 listing services, of which 80% operate under the auspices of NAB guidelines.

In reading the story in USA Today I was struck by the quote from the NAB above; am I to surmise that the old system was in fact a win-lose one and not really that dynamic, entrepreneurial or competitive? Yeah, it seems that way.

More on this topic (What's this?)
What's Really Happening in Real Estate
It Seems to Be Getting Dark in La-La Land
Real Estate Agent Quote of the Month
Read more on Real estate, National Australia Bank at Wikinvest

Comments

  • Feeds