Expand Your Education with These Courses from
Business Creation - Prospecting: Skills for Sales Success: Part Three.
Negotiating Skills: Skills for Sales Success: Part Six.
At Home with Diversity.
Bundle 1: CIPS Core Courses (Non-US Version).
Bundle 3: CIPS Institute (US Version).

The New realtor.com®: What It Means for You and Your Agents

Interested in more details on this topic? Click here!

By Marc Gould

agents_using_laptopRecently the National Association of REALTORS® (NAR) board of directors decided in a special meeting to recommend allowing realtor.com® to more effectively compete against third-party aggregators by lifting some long-standing restrictions. Since the vote, brokers and agents have been wondering just what the changes will mean and how they will impact their business. At a time when change is coming at ‘internet speed’, the smart broker will rely on the skills and knowledge of his team to keep pace.

NAR’s board recommended several changes to the operating agreement between NAR’s wholly owned subsidiary Realtors® Information Network and RealSelect, which operates realtor.com®. These changes are intended to enable the site to compete more effectively in today’s rapidly evolving market. These changes include:

• Allowing the display of unlisted new homes and new-home communities
• Displaying unlisted rentals
• Obtaining listings from entities that are not REALTOR®-owned and controlled, as well as from brokers who are not REALTORS®
• Identifying auctions of distressed properties, short sales, foreclosures, bank-owned properties, and properties where a notice of default has been recorded with an opt-out for listing agents who object

Individual consumer FSBOs will not appear, and REALTOR® and non-REALTOR® listings will be clearly distinguished and the value of using a REALTOR® emphasized.

Continue Reading 1 2 3

Interested in more details on this topic? Click here!

Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2016 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>