The real estate industry is under pressure to change because of a couple major arguments.
1. Freely distributable MLS data
2. Price gouging
Actually both fronts stem from the idea that the NAR is running a monopolistic organization, where prices are fixed and the listings data is controlled by the organization.
And it isn't totally manufactured either. I know of a local discounter that has been blackballed by local buyer agents. Its not official of course, it is subtle.
And, I know of local companies that have opted out of IDX!
In fact a leading consumer rights group, the Consumer Federation of America (CFA), on Monday issued a report charging that real estate industry members act as a cartel to stifle competition, resulting in higher prices and poorer service for homebuyers.
The argument goes that it is cheaper to operate a brokerage today because of technical advances.
...and most of your licensee friends sleep as the rug is being pulled right out from underneath.
What do you mean by "...and most of your licensee friends sleep as the rug is being pulled right out from underneath."?
I interpret it to mean that many agents are working under the "old model" and not adjusting themselves to be ready for a change or shift in the future market. Am I right in assuming that's what you mean?
-answer from Tim: Yes in a way.But more specifically, corporate entities are quie6tly "stealing" agents positions in the engies. While usig their data that they created.
Posted by: jbgraves | July 10, 2006 at 12:22 PM