Cendant Corp. Is Running Scared
5 March 2003 - 2:00pm
The nation's largest real estate franchise, is calling for the National Association of Realtors policing real estate listings on the Internet.
"A white paper released today by the real estate franchise giant argues that the proliferation of virtual office Web sites known as VOWs would force traditional brokerage companies to pay out referral fees to 'third party' companies and that the payment of such fees would 'do extreme damage to the operational viability of certain real estate companies...(and) effectively drive local real estate brokerages/agents out of business.'"
Full Story:
Cendant claims VOWs hurt consumers
Source:
Inman News, March 5, 2003
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Sustainability, local economy, and community are three pillars of the path not-yet taken in Detroit. A path that moves beyond downtown development, beyond ‘cool cities.’
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