October 21, 2005
The consumer is truly winning and real estate listings are already "hyper" competitive. With the invention of the internet, I have first hand experience in a seller "consumer" dictating to me to list their property at one quarter percent (0.025%). With this kind of discount on my end as the broker, I believe its extremely competitive for the Realtor®. The very last thing we need is companies not even caring about the consumer or a commission but ancillary services and products on the back end of a real estate transaction to make money.
The new IDX policy is a win-win for consumers and REALTORS®. It works for consumers because it gives home sellers a choice whether to permit marketing of their property on the Internet and in selecting an MLS member with whom they want to work. It allows them to "opt-in" and have their property displayed on other brokers' Web sites even if they are working with a broker who does not participate in sharing his listings for display by his competitors. And it works for REALTORS® because it gives us the right to control where our listings are displayed on the Internet.
A concerned American and Broker Owner
124 Little Falls Road Suite A