Cendant Corp. Is Running Scared

The nation's largest real estate franchise, is calling for the National Association of Realtors policing real estate listings on the Internet.

1 minute read

March 5, 2003, 2:00 PM PST

By Chris Steins @planetizen

"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.'"

Thanks to Inman News

FULL STORY: Cendant claims VOWs hurt consumers

Wednesday, March 5, 2003 in Inman News

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