If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Craigslist, the company that has changed classified listings, is starting to monetize real estate listings in New York City. They will impose a $10 fee per listing as a measure to stop people from posting the same properties constantly through  the day. Presently, the charge only for job postings in certain cities.

Craigslist has revolutionized the online classified market. The present steps to monetize the environment is smart, and will reduce the clutter that can drive readers to distraction. It will also allow the marketplace to find its level of profitability and allow other competitors to enter the marketplace.

This week, it’s New York City apartment brokers who are being told that a listing fee is on its way. Later this year, Washington area employers may be asked to cough up some money for an ad on the region’s job listings page.

It’s an out-of-character move for the site, which is best known for allowing users to post their ads free of charge. But it’s the users who begged the site operators to do something about the number of repeat listings on the site.

Starting March 1, a $10 fee will be imposed for listings in New York with hopes of deterring the brokers who list the same apartment several times in a single day, Craigslist Inc. chief executive Jim Buckmaster said. There are no plans to impose fees for real estate listings in other cities. via the Washington Post.

Related posts:

1. New York City To Get Shared Real Estate Portal
2. Craigslist Can Not Be Sued For Unfair Housing Advertisements on Site
3. Craigslist sued over Classified Policies
4. Warning: Craigslist Rental Scam
5. Online Services Will Destroy MLS and Real Estate Agents Stranglehold