BrokerageIndustry News

Web transforms real estate’s future

Part 4: Hot strategies from Real Estate Connect

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

(This is Part 4 of a four-part series. Read Part 1, Part 2 and Part 3.) Are you ready to look into the future of real estate? If so, grab your crystal ball and predict which of the following will be keepers and which will soon go the way of the buggy whip. You may think that what you're about to read is wishful thinking of today's real estate entrepreneurs or you may believe that it's the face of things to come. Whatever your take is on the following, these are the innovations that will influence your future. 1. Transparency As the Web continues to collect more historical data about property, the sales prices of properties as well as their history are no longer shrouded in mystery. What still appears to be mysterious, however, is mortgage. Brad Inman described a panel where he had several mortgage brokers on stage and he asked the question, "How do mortgage brokers get paid?" Each attempted to answer. He turned to the audience and said, "How many of you understand how mortgage brokers...