BrokerageIndustry News

Roadblocks to innovation

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: In this three-part series, we talk to some new entrepreneurs on the real estate block, and find out what they're doing, what they're doing differently and how the industry has reacted to them. They'll talk about what it takes to launch a real estate company and barriers to innovation the industry puts up along the way. (See Part 1: Breaking the business model mold and Part 2: Up at 3:30 a.m.) The Greater Lansing Association of Realtors slapped Michigan real estate brokerage Tomie Raines with a $125,000 fine when it displayed home listings online in a virtual office Web site format. Discount broker Home Quarters, also in Michigan, felt a sting when its MLS cut off access to local home listings because of the broker's alleged misuse of home data online. Texas discount broker Aaron Farmer has been battling his state Realtor association for nearly two years over a proposed rule that he says essentially would close his brokerage doors. ERealty, ZipRealty, ...