BrokerageIndustry News

Brokers’ views on 2007 real estate market

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The sharing of property listings information will continue to be a pressing topic for the real estate industry in 2007, as real estate companies juggle client relationships, interactions with new business models, and multiple listing service rules, said Harley E. Rouda Jr., CEO and managing partner of Real Living Inc., one of the largest real estate companies in the country. Companies such as HomeGain and HouseValues, Zillow and Point2Homes are playing a role in aggregating property data, he said, and it's not clear where this trend is leading the industry. Among the questions, he said, is "How will the evolving business models here impact real estate agents and firms in a positive way and in a negative way? What are the right ways to take advantage of it on behalf of sellers and buyers ... and truly understanding what are the positive long-term implications by each of these companies and the respective business models. My sense is as an industry we're not taking enough time to talk a...