The following is an Inman News Q&A with Marty Frame, general manager of Cyberhomes:
Q: How will the real estate industry be different when we recover from the current downturn?
A: The institutions in the industry will have been almost completely reorganized. This will not have been driven by either the consumer or by technology, but instead by capital. Ownership will change; the largest firms will metastasize, divest, consolidate, or all of the above. Many of the big names will have new names. But underneath it all, much will remain the same -- the best agents will keep doing what they do and a whole new crop of folks will look in from the outside trying to figure out how to do it better.