Comments on: Breaking the Real Estate “Walled Garden” Of Information http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Townhomes in Murfreesboro TN http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-287882 Townhomes in Murfreesboro TN Tue, 28 Oct 2008 14:33:05 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-287882 If I was a agent I would be more worried about the market than the MLS. If I was a agent I would be more worried about the market than the MLS.

]]> By: Danilo Bogdanovic http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-207404 Danilo Bogdanovic Tue, 13 May 2008 17:17:42 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-207404 It's the old school mentality of holding on to the information for deal life because it's the value proposition Realtors used to offer. That is no longer the case. Realtors' value proposition is in the interpretation of the information and professional advice and guidance through the real estate process. The raw data and information is available to the consumer and will continue to be available in greater proportion as time goes on. We are no longer the gate-keepers of information. We are now consultants. Some get that. Most do not (including NAR - just check out their latest white papers on the Gateway/TREC project). It’s the old school mentality of holding on to the information for deal life because it’s the value proposition Realtors used to offer.

That is no longer the case. Realtors’ value proposition is in the interpretation of the information and professional advice and guidance through the real estate process. The raw data and information is available to the consumer and will continue to be available in greater proportion as time goes on.

We are no longer the gate-keepers of information. We are now consultants. Some get that. Most do not (including NAR – just check out their latest white papers on the Gateway/TREC project).

]]> By: Realtor4u http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-207396 Realtor4u Tue, 13 May 2008 16:43:28 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-207396 I've been a realtor for almost 14 yrs here in Florida. Of course the business is changing. Can you name one business that in the last 14 yrs hasn't undergone a major change? From discount brokerages to MLS listing companies everyone is trying to find different ways to make money from real estate. I welcome the diversion and look forward to what the future holds! There are no more sacred cows.... I’ve been a realtor for almost 14 yrs here in Florida. Of course the business is changing. Can you name one business that in the last 14 yrs hasn’t undergone a major change? From discount brokerages to MLS listing companies everyone is trying to find different ways to make money from real estate.

I welcome the diversion and look forward to what the future holds! There are no more sacred cows….

]]> By: Landflip http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-207228 Landflip Tue, 13 May 2008 01:57:25 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-207228 I taught school for ten years and the new laws regarding teaching and learning really set new and higher standards for teachers. The same is happening in real estate. Professionals are having to take on new challenges and step outside the box. I like how you said that it is no longer putting a sign in someone else's yard...that is the truth! You must know your clients, the market, and marketing strategies for the area. I taught school for ten years and the new laws regarding teaching and learning really set new and higher standards for teachers. The same is happening in real estate. Professionals are having to take on new challenges and step outside the box. I like how you said that it is no longer putting a sign in someone else’s yard…that is the truth! You must know your clients, the market, and marketing strategies for the area.

]]> By: Tom http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-207069 Tom Mon, 12 May 2008 19:28:48 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-207069 Rob The difference between disintermediation between a realtor and a travel agent is the difference between 1 bad week of your life and a 10 year mistake. T Rob

The difference between disintermediation between a realtor and a travel agent is the difference between 1 bad week of your life and a 10 year mistake.

T

]]> By: Brad Kimmelman http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-207003 Brad Kimmelman Mon, 12 May 2008 16:54:54 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-207003 The breakdown of the Real Estate "Walled Garden" of information is a blessing for those of us who treat our business like a business. Even though the industry is changing, it is forcing the unskilled, unprofessional, and lazy agents out of the field. Service, information and professionalism will allow us to earn our commissions for long into the future. The breakdown of the Real Estate “Walled Garden” of information is a blessing for those of us who treat our business like a business. Even though the industry is changing, it is forcing the unskilled, unprofessional, and lazy agents out of the field. Service, information and professionalism will allow us to earn our commissions for long into the future.

]]> By: Rob Dawg http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-206945 Rob Dawg Mon, 12 May 2008 14:01:46 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-206945 <i>Once the data is available to all then the true worth, knowledge, and skill of an agent will be the defining criteria for paying a commission.</i> How'd that work out for travel agents? The entire real estate sales service conduit is being disintermediated. We don't need to go into retribution or justice or blame games or any of that. It is happening. Once the data is available to all then the true worth, knowledge, and skill of an agent will be the defining criteria for paying a commission.

How’d that work out for travel agents? The entire real estate sales service conduit is being disintermediated. We don’t need to go into retribution or justice or blame games or any of that. It is happening.

]]> By: ideal4investors http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/comment-page-1/#comment-206942 ideal4investors Mon, 12 May 2008 13:48:10 +0000 http://www.therealestatebloggers.com/2008/05/12/breaking-the-real-estate-walled-garden-of-information/#comment-206942 The best agent I've ever hired was through a flat-fee MLS service. He negotiated like a pit bull on my behalf and I feel this was because he made his money from referrals, not from a commission upon closing. For too long, the main reason for working with an agent was the MLS listing or list. Now that this info is available on the Web, agents will have to act like professionals who negotiate on your behalf. The best agent I’ve ever hired was through a flat-fee MLS service. He negotiated like a pit bull on my behalf and I feel this was because he made his money from referrals, not from a commission upon closing. For too long, the main reason for working with an agent was the MLS listing or list. Now that this info is available on the Web, agents will have to act like professionals who negotiate on your behalf.

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