Industry NewsTechnology

Real estate agents turn bad reviews into gold

Trends from Real Estate Connect San Francisco
Published on Aug 25, 2011

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by CareyBot

Agent reviews were a hot topic at Real Estate Connect San Francisco. While the number of review websites is exploding, there are serious issues with both the technology and the process.

Agent reviews: here to stay

With multiple listing services, companies and third-party vendors such as Trulia, Yelp and Zillow all posting agent reviews, there's no escaping the fact that agent reviews are here to stay. About 20 percent of sellers currently receive a post-closing follow-up, as do about 25 percent of buyers.

In contrast, approximately 60 percent of consumers go online prior to contacting an agent. Moreover, the research shows that not only are consumers shopping agents via reviews, so are other agents who are directing relocation referrals.