ICNY 18: What real estate stands to lose from a net neutrality repeal

Redfin and NAR discuss the risks at Inman Connect New York Thursday

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

NEW YORK — The National Association of Realtors and Seattle-based brokerage Redfin doubled down on their previous attacks of the net neutrality repeal, warning that dismantling the two-year-old Open Internet Order could put real estate companies, homebuyers and individual Realtors at risk. "For Redfin, if it hadn't been for net neutrality, we couldn't have gone from a startup to a public company," said Nela Richardson, chief economist at Redfin, which launched in 2004 and went public last year. "It was an essential part of bringing our technology from the small scale to the big scale, and now we feel a responsibility to make sure that dominant players don't dominate the real estate market, that small brokerages get the same footing as big brokerages and that consumers get the best available and most transparent data, and, for us, that means that net neutrality plays a vital role in where consumers start their search: on the internet." Speaking at Inman Connect Thursday afternoo...