Real Estate Agents Feel Threatened By Online Property Listings

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan

23 May 2003 - 8:00am

Opponents of a National Association of Realtors' policy allowing realtors to keep listings off the Web say the policy restricts buyer choice.

"Responding to competitive concerns raised by the spread of so-called virtual office websites, or VOWs, which post online listings from multiple brokers, the National Association of Realtors this week adopted a new policy governing how properties can be listed online...upstart virtual real estate agents had the opposite reaction. If Realtors can opt to keep listings off the Net, operators of the virtual office websites say home buyers will in effect have fewer choices."

Full Story: Net War Over Real Estate Listings

Source: Wired, May 22, 2003