Industry News

Web service dives into real estate referral business

NeighborhoodScout to begin connecting brokers, pre-screened buyers with no up-front fee

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NeighborhoodScout, a Web-based neighborhood search engine for home buyers, is introducing the NeighborhoodScout Broker Network, a referral program for real estate brokers who want pre-screened home buyer and seller referrals with no up-front fee. Brokers can apply on and, upon application approval, receive pre-screened referrals from home buyers and sellers who work with NeighborhoodScout and specifically ask to be connected with a local broker to transact real estate. Every client is called and confirmed in person by a NeighborhoodScout counselor before being referred to a broker. "We help home buyers choose neighborhoods in which to buy, and then connect them with select real estate professionals who know the local housing market best," said Andrew Schiller, president of Location Inc. and a Ph.D. geographer who created NeighborhoodScout. "If your brokerage specializes in relocation and is a member of the ERC, RELO, Cendant Mobility, Prudential Relocatio...