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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Micawber who wrote (15191)	11/19/2003 12:12:34 PM
From: Tradelite	Respond to of 306849

Micawber....that's a cool site FOR THE REALTORS WHO WISH TO USE IT. The site captures sales leads from buyers and sellers by looking good and authoritative and helpful on the internet, and then, in effect, SELLS those leads to agents for real dollars out of the agents' pockets. Check out the link on that site to the page which tells Realtors how much it costs to "join". Do you think the site would look even cooler and generate more money for its owner if it had a way to capture and display ALL listings in the U.S.? Or should listing brokers and agents have a choice about whether they want to share their income with website developers? And how, exactly, does the consumer benefit from working with real estate professionals who are devoting (or worse yet, donating) some of their commissions to third parties in cyberspace? Are these third parties helpful to the transaction? Will their participation in the real estate process do anything to bring the price of real estate service down--or raise it? Food for thought..... One reason it makes no sense to sit back and say real estate service is overpriced and agents are overpaid is that NO ONE KNOWS HOW MUCH OF EACH COMMISSION IS BEING PAID TO A THIRD PARTY SOMEWHERE ELSE IN THE COUNTRY. Agents who do a lot of relocation and broker-to-broker referrals are paying third-party referral fees all the time.

To: Micawber who wrote (15191)	11/19/2003 1:07:33 PM
From: ild	Read Replies (2) \| Respond to of 306849

<<<Why would I go to a stranger who is even more ignorant? >>> He'll split a commish with you. I know people who themselves found their houses and later obtained a buyers agent just to get a piece of a buyers agent's commission. Their criteria for choosing an agent was "how much will you give me?".