Internet Battleground for Future of Residential Real Estate

Real estate agents are gearing up to face the biggest shift in their industry since it's beginning. No longer the first in the path of homebuyers and sellers, agents have gone from top feeders to the bottom feeders with real estate consumers in just a few years.

I started in the real estate business when agents were top feeders and the keepers of the information. Multiple Listing Services® began migrating to the Internet at the millennium. Most agents in my first realty office said the Internet wasn't going to change anything, because we still had the telephone like books with available homes for sale. Consumers had to call us to start their search to purchase a home.

Buyers started calling from out of town on a property and they hadn't driven by it, they saw it on the Internet. This started the shift of the consumer having access to the same information as the agent. Proactive agents and virtual brokerages saw the writing on the wall and began Internet marketing efforts and captured new market share by being early adopters and listening to their new web-based consumer.

Today traditional brokerages and their agents are scrambling to get in the path of Internet real estate consumers, who number seventy-four percent of all buyers in 2004 according to the National Association of Realtors® Profile of Home Buyers and Sellers. Many of these late adopters have to compete with thousands of real estate websites and e-marketers who have been honing their position for the last five years to be the first in the consumers path when they start their home search. Large newspapers hold brokerage licenses and own real estate websites to capture real estate consumers and sell these leads back to agents, now the bottom feeders.

Real estate trade associations are fighting back against the Internet real estate pioneers with changes to state real estate license laws to restrict and define their roles in lead generation and interactions with consumers. Large Internet powerhouses with non-traditional real estate brokerage business models will give a whole new face to residential real estate by the year 2010.

Mark Nash is a residential real estate author, broker and commentator. He has been featured on CBS The Early Show, Bloomberg TV, CBS Dow Jones Market Watch, and Smart Moves by Ellen James Martin. His latest book 1001 Tips for Buying and Selling a Home is available online and in bookstores nationwide.

In The News:

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Real estate tops bankruptcy chart; construction, metals and textiles follow  Business TodayOf the 1484 companies admitted for resolution under IBC, 612 are from the broader manufacturing sector, which includes metals, textiles, food and beverages ...
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This week's top commercial real estate transactions | Real Estate  Dallas NewsIllinois-based ML Realty Partners, has purchased of two multi-tenant industrial buildings totaling 205,471 square feet at 1144-1188 Quaker Street in Dallas.
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RCom looks to real estate assets, Jio deal to pay Ericsson dues  Gadgets NowBusiness tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's ...
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Lawyer wants to know if Greenville real estate developer researched date rape drugs  Greenville NewsA judge decided to give law enforcement more time to examine a Greenville real estate developer's hard drives and computers to determine whether anything ...
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Real estate stocks, GMR Infra, Nalco and YES Bank top stocks to track  Business StandardAt 08:25 am, Nifty futures on the SGX traded 58 points or 0.55 per cent higher at 10,671.50, indicating a firm opening for the domestic stocks on Wednesday.
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Real estate sector should form an internal self-regulation mechanism: Venkaiah Naidu  Moneycontrol.comThe real estate sector has come under severe scrutiny from the apex court and consumer rights bodies due to some unethical practices followed by certain ...
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First automated real estate transaction in Vermont using cryptocurrency completed  vtdigger.orgNews Release — Propy Feb. 19, 2019. Propy Completes First Automated Real Estate Transaction in Vermont Using Cryptocurrency ...
Sold: Search the latest Macon County real estate transfers  Herald & ReviewDecatur. 1937 Dagmar Place, $50,000, estate of Frances E. Evans, deceased, to Kam E. Thompson and Corey A. Thompson. 822 W. Decatur Ave., $12,100 ...
Real estate sector is sleepwalking into trouble on builder debt  The New Indian ExpressThe funding squeeze faced by Indian non-bank finance companies after the collapse of IL&FS Group in September has seen embattled firms.
Real Estate Agent Teaches How to 'Duffy' in Viral Video to Sell $45M Beach Mansion  WSLS 10Is this the most outrageous way to sell a $45 million home? Real estate agent Tim Smith tapped rappers Smoove da General and Yung of Cali Swag District to ...
'It is a great time to buy' luxury real estate in Vancouver: report  Daily HiveWith high inventory and price drops, a new report further affirms Metro Vancouver's luxury housing market's recent transition into a buyers' market.
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During housing's boom times, real estate agents made a killing  Yahoo NewsSellers weren't the only ones who made a killing during the recent housing boom - real estate agents brought in $15 billion in 2017.
New York's expensive real estate market now straining for growth  CGTN AmericaIn New York, one of the most expensive places to live, the real estate market is showing signs of growth strain.
Govt fails to initiate steps for implementation of Real Estate Regulation & Development Act  Daily ExcelsiorEven basic step of establishing Authority not taken so far Promotion of sector in transparent manner remains distant dream Mohinder Verma JAMMU, Feb 20:
Ohio County Auditors to Explore Blockchain-Based Real Estate System  CointelegraphNews. The County Auditors' Association of Ohio (CAAO) has announced the formation of a working group to study the use of blockchain for the effective transfer ...
Time to buy home? Real estate becomes more lucrative as affordability improves across India  The Financial ExpressVery low affordability index, along with the prospect of home loans becoming further cheap and significant role that structural reforms are playing, investments in ...
Interim budget 2019: Decoding Piyush Goyal’s gift to homebuyers, real estate sector  India TodayIn its interim budget, the government has proposed a number of tax sops that may lure people to buy a second house. It has also announced relief to real estate ...
Century Real Estate Wins Consecutively for Its Projects and Social Responsibility  Business Wire IndiaCentury Real Estate Holdings Pvt. Ltd (CREH) was recently awarded “Sustainable Project of the year” for Century Greens at ET Now Real Estate awards 2019.
Real-estate transactions: Feb. 22, 2019  Peoria Journal StarThese transactions, recorded the week of Feb. 11, are compiled from information on file with the respective counties. They represent sales of $78000 or more.
Disruption opens doors to real estate opportunities  Seattle TimesA multidisciplinary education helps keep pace with the evolution of technologies and infrastructures around us.
Ones to Watch: Real Estate, Architecture, Engineering & Construction  Long Island Business NewsOnes to Watch in Real Estate, Architecture, Engineering & Construction for February 22, 2019.
KKR Real Estate Finance (KREF) Q4 Earnings Miss Estimates  Yahoo FinanceKKR Real Estate Finance (KREF) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share.
Real estate transactions: Florida investor buys upscale Sugar Land apartment complex  ChronCardone Capital, a real estate investment firm based in Aventura, Fla., has purchased the Stella at Riverstone, a 351-unit apartment complex at 4711 LJ ...
Commercial Observer To Launch Membership Product For Real Estate Professionals  PRNewswireNEW YORK, Feb. 22, 2019 /PRNewswire/ -- Commercial Observer announces today that it has launched a membership offering for commercial real estate ...
Expensive real estate, high rentals make Mumbai lose start-ups  The HinduAffordable co-working spaces, skilled tech talent hold key for city to succeed.
Houston's most deluxe real estate rentals, revealed  KTRK-TVExplore the most deluxe rentals on the market in Houston.
Real estate agent's video stunt gets him noticed  Stuff.co.nzReal estate agent goes to 'great depths' to get his listing noticed - it works.
Market trends: Why Burien and White Center could be the next real estate hotspots  Q13 News SeattleA “massive” and unexpected increase in inventory last fall has led to a slowdown in the robust Puget Sound real estate market.
Proposals of GoM panel on real estate may address homebuyers' input tax credit woes  Moneycontrol.comThe recommendations are "aimed at reducing the impact of GST on the end-consumer and simplifying the compliance requirements of the developer. Vandana ...
Local best buy real estate deal for week of Feb. 17  WECTA local realtor showcases a downtown home in the historic district considered a best buy.
CommonFloor Hosts CommonFloor Real-Estate Excellence Awards 2019  Business Wire IndiaCommonFloor, a platform that offers home seekers, sellers and real estate professionals an extensive online real estate ecosystem, today announced the ...
Real estate tax flap blossoms | News  Walla Walla Union-BulletinThe Walla Walla City Council wants to be able to vote on increasing tax on real estate sales, drawing the ire of real-estate agents statewide.
List Leaders: Largest Twin Cities commercial real estate deals in 2018  Minneapolis / St. Paul Business JournalThe top three largest commercial real estate sales in 2018 were all in downtown Minneapolis.
Real Estate Credit Investments Declares 3.0 Pence...  MorningstarLONDON (Alliance News) - Real Estate Credit Investments Ltd on Friday declared a second interim ...
Prominent Greenville real estate developer in court for civil case amid sexual misconduct allegations  FOX CarolinaGREENVILLE, SC (FOX Carolina) - A Greenville real estate developer appeared in court on Thursday for a civil suit that claims he raped a woman.
Mark your calendars: These are NYC’s top real estate events next week  The Real DealThese are the top NYC real estate events happening 2/25-3/4.
Budget 2019: Real estate benefits from populism; breather for builders and buyers  Business TodayAcknowledging the slowdown in the real estate sector, the government's populist budget has outlined measures to ease fiscal burden of developers while ...
Real estate agent gunned down  Times of IndiaPATNA: A real estate agent was allegedly gunned down by his cousin and an associate over a financial dispute at Patrakar Nagar here on Thursday. The youth ...
R.I. Real Estate Note: Point Judith Pond house sells for $1.4 million  The Providence JournalA one-level house with a deep-water dock at 349 Winchester Drive, South Kingstown, recently sold for $1379000, according to RE/MAX Flagship, whose agent ...
Qatar's real estate market faces reality check ahead of World Cup  Reuters IndiaQatar's Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about ...
Loan default concerns loom large over real estate- Business News  Business TodayCurrent leverage levels in real estate are not sustainable as developers have to increase sales by 2.5 times to be able to *service* the debt, which stood at over Rs ...
A $23 bn manager is betting on Indias struggling real estate sector  Business StandardA Bahrain-based investment manager wants to fill a vacuum in lending to Indian property developers that have $18 billion of debt to repay, aiming to capitalise ...
Real Estate May Add 13% to India's GDP by 2025. Here are the Hurdles that Lie Ahead  News18While the government has brought in laws such as Real Estate (Regulation and Development) Act, 2016, over 80 percent of consumers are of the view that there ...
GST tweak, industry status make up real estate sector’s budget wishlist  Economic TimesMUMBAI: After being through the various structural changes and demand pressures over the past two years, the real estate sector is expecting the upcoming ...
Jonathan Keyser joins Forbes Real Estate Council  AZ Big MediaForbes announced that Jonathan Keyser, founder of Keyser, has joined Forbes Real Estate Council, an invitation-only community for top executives in the real ...
Real Estate | News, Sports, Jobs  Morning Journal NewsButler Township Neil Brown to TBR Investments LLC, home on Valley Road; $63000. Lower Elkton Properties LLC to Mark R. Schwingle and Brittany A. Skiba, ...
Manitowoc County real estate transfers and homes sold: Feb. 24, 2019  Herald Times ReporterTo determine the purchase price of the real estate, divide the transfer fee by 0.003. For example, a transfer fee of $250 would indicate a purchase price of ...
Hong Kong's pent-up property demand heralds price rebound  The Business TimesTHE BUSINESS TIMES Real Estate - THE outlook for Hong Kong's property market, the world's least affordable, has started to firm with some analysts predicting ...
Dream Office Real Estate Investment Trust (DRETF) CEO Michael Cooper on Q4 2018 Results - Earnings Call Transcript  Seeking AlphaDream Office Real Estate Investment Trust (OTC:DRETF) Q4 2018 Earnings Conference Call February 22, 2019 10:00 AM ET Company Participants Michael ...
This Quiet Beach Town Is Florida’s Next Real Estate Hot Spot  Coastal LivingOnce tainted by a scruffy past, this small city on the Atlantic is being touted as the Sunshine State's next big luxury market.
Real Estate Report: Inventory up 10% from 2018  Marco NewsThe inventory of homes, lots and condos for sale on Marco Island totaled 1120, up 10 percent from a year ago.
Real Estate Watch: 401 Northland Avenue  Buffalo RisingEvery once in a while we come across an awesome property, at a fair price. Therefore, we feel that it's our duty to showcase the property, in hopes that someone ...
Two more real estate investors, nine total, sentenced to prison for bid-rigging conspiracy  WLOXTwo more real estate investors have been sentenced in their roles in a bid-rigging scheme, in violation of the U.S. antitrust laws, that involved real estate ...
Budgetary sops notwithstanding, demand revival in real estate remains elusive  LivemintThe benchmark BSE Realty index, which was initially euphoric over the budgetary sops doled out to the housing sector, finally closed a mere 1.3% higher on ...
Eight Mistakes HNW Investors Make in CRE  National Real Estate InvestorTrying to negotiate deals on their own and over-focusing on returns are among common mistakes hnw investors make when buying commercial assets.
How’s the real estate market? Why is your house getting ignored?  Ukiah Daily JournalImagine putting a ton of time and effort into preparing your house for sale, only to have it ignored by prospective buyers. How frustrating! To make sure this ...
Legal Counsel, Real Estate company, Hong Kong, 5+ Years  Vantage AsiaAn innovative property start up seeks a legal counsel with at least 5 years of experience to join its team in Hong Kong in a sole legal counsel position.
12 FIRs against two real estate companies for Rs 18.5-cr fraud  The Tribune IndiaParveen Arora Tribune News *Service* Karnal, February 15. Investors have accused the developers of two major real estate companies of duping them of over ...
FM’s booster dose for real estate  Fortune IndiaThe announcement of credit linked subsidy scheme and increased tax savings will drive the demand for affordable housing.

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