CEO and Founder of NationalBLS, the Buyer Listing Service. I believe that increasing transaction volume in real estate works in everyone's favor, buyers, sellers and agents. NationalBLS opens up the buy side of the market to promote greater transaction volume.
I have conflicting views on the concept. Firstly congratulations to NAR, I think the concept from their prospective is good, it will increase lobby power, engage the consumer, create information which will be able to be converted into cash. It however points to my growing concern for America on a larger scale. The Government is overly influenced by the lobby groups of various industries. To often the lobbyists are fighting for protectionism which can stifle competition within their own industry which ultimately weakens America's competitiveness in a global market. NAR should be wary of its growing power base.
Great article Chris and good comment John. We are in a people business enabled by technology not a technology business enabled by people. Move to the latter at your peril. Duncan Logan NationalBLS. The Buyer Listing Service.
Great article which covers a great many issues. CAR's report for 2008 detailed the #1 concern of sellers was the length of time it took to sell a home. (21wks on av) Most sellers are future buyers so this is not good for market efficiency. A market is the intersection of supply and demand. It is easy to see supply in the real estate market (listings) but far harder to see demand. This is the sole focus of our business. Every prospective buyer on a central accessible database. In time, we hope pricing issues will be a problem of the past and annual US real estate transactions volume will be closer to 10m than 5m Duncan Logan www.nationalbls.com, The Buyer Listing Service.
