Industry News

Broker co-ops could cut costs

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

Editor's note: Inman News posed questions to our audience as a part of the future-focused Roadmap to Recovery editorial project. Click here for more details. The following is an Inman News Q&A with John Rainville, a Pennsylvania real estate broker: Q: How will the real estate industry will be different when we recover from the current downturn? A: The new landscape of real estate brokerage is starting to emerge in several markets. Gone are the days of a firm having multiple offices to serve one county. I see the industry moving to one regional office that services all the adjoining counties. The agents are able to do more via the Internet, keeping the needed "office" to as small as two rooms -- a conference room and a work room. Contracts can be done electronically, reviewed by a manger, transmitted vie e-mail and signed with digital signatures and delivered back to all parties with the click of a button. It is imperative that the "new" brokerages uti...