{"id":1115,"date":"2007-03-05T00:32:06","date_gmt":"2007-03-05T07:32:06","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1115"},"modified":"2007-07-16T21:10:54","modified_gmt":"2007-07-17T04:10:54","slug":"true-reform-in-the-real-estate-industry-will-not-result-from-undermining-buyer-representation","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1115\/true-reform-in-the-real-estate-industry-will-not-result-from-undermining-buyer-representation\/","title":{"rendered":"True reform in the real estate industry will not result from undermining buyer representation"},"content":{"rendered":"

I’ve been sitting on a post from Jeff Corbett, The X-Broker<\/a>, for a few days. Jeff Argues that Realty.bots will eliminate buyer’s agents. This actually ties in with recent announcements that major brokerages will be feeding listings<\/a> to Realty.bots like Trulia.com and Google base. I get the idea Jeff thinks these are good things. I think he’s mistaken.<\/p>\n

Start here: Jessica Swesey at InmanBlog asked<\/a>:<\/p>\n

If the DOJ wins and NAR is forced to retract policies, what is the likely chain of events to follow? Who wins and who loses?<\/p><\/blockquote>\n

My reply:<\/p>\n

If the DOJ tries to play pirate with the current system, the big brokerages may go all in-house, which they could easily do already. Then there will be no small brokerages.<\/p><\/blockquote>\n

Jeff objects to this, but it’s not an unreasonable proposition.<\/p>\n

Note, for example, the the overwhelming majority of listings in Tucson are held by one brokerage — Long Realty. Who gains more from the cooperative system imposed by the TARMLS system — Long or all the little brokerages competing against it? If Long pulled out of TARMLS, what would happen happen to those smaller players?<\/p>\n

In Phoenix, the market is dominated by Realty Executives and by RE\/Max, Keller Williams, Coldwell-Banker and Century 21 Franchises. If they pulled out of ARMLS, either in isolation or by forming a new big-boys-only MLS system, brokerages like mine would be wiped out overnight.<\/p>\n

Too much of this debate is beside the point. Pundits simultaneously attribute too much and too little importance to the MLS. From a professional’s point of view, Realty.bots are not comparable to MLS systems, and they probably never will be. They are good for window-shopping by consumers, not for searching by professionals. But wresting control of the MLS away from brokers, somehow forcing them to produce content against their own interests, will not change anything that matters in the practice of residential real estate representation. The reason for this is simple: What is wrong in residential real estate representation has nothing to do with the MLS itself.<\/p>\n

We’ll come back to that. First: Buyers buy from the selection that is available to them. This is true of everything Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve been sitting on a post from Jeff Corbett, The X-Broker, for a few days. Jeff Argues that Realty.bots will eliminate buyer’s agents. This actually ties in with recent announcements that major brokerages will be feeding listings to Realty.bots like Trulia.com and Google base. I get the idea Jeff thinks these are good things. I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,6,5,27],"tags":[],"class_list":{"0":"post-1115","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-disintermediation","8":"category-marketing","9":"category-real-estate","10":"category-redfincom","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1156,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1156\/databases-fall-short-of-needs-at-realtybots\/","url_meta":{"origin":1115,"position":0},"title":"Databases fall short of needs at realty.bots","author":"Greg Swann","date":"March 16, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link): \u00a0Databases fall short of needs at realty.bots Realogy, the giant, publicly traded conglomerate of big-name brokerages, recently announced a deal whereby it will feed all of its listings to realty.bots, Trulia.com and Google Base. That's a mouthful. First, what's a realty.bot?\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":961,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/961\/bloodhoundblog-week-in-review\/","url_meta":{"origin":1115,"position":1},"title":"BloodhoundBlog week in review . . .","author":"Greg Swann","date":"January 28, 2007","format":false,"excerpt":"We had quite a week at BloodhoundBlog. If you haven't had a chance to stay abreast of the trail we're running, here's a summary of the week's most significant weblog entries. We added three new contributors this week, starting with real estate investor Michael Cook, who brought us The Right\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17526,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17526\/overnight-news-the-dojs-piddlyshit-nar-settlement-in-brief-discounting-realty-bots-can-screw-buyers-agents-but-they-cant-notice-and-respond-accordi\/","url_meta":{"origin":1115,"position":2},"title":"Overnight News: The DOJ\u2019s piddlyshit NAR \u201csettlement\u201d in brief: Discounting Realty.bots can screw Buyer\u2019s Agents, but they can\u2019t notice and respond\u00a0accordingly.","author":"Greg Swann","date":"November 23, 2020","format":false,"excerpt":"Every Buyer's Agent knows how to kill a house. You walk into a pantry or a bathroom and you say, \"Whoa! Do you smell that? A mustiness...? Maybe I'm wrong...\" That house is now at the bottom of the stack. I've never done that belligerently \u2013 to kill a house\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1199,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1199\/realtybots-will-make-sellers-happy\/","url_meta":{"origin":1115,"position":3},"title":"Realty.bots will make sellers happy","author":"Greg Swann","date":"March 23, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link): \u00a0Realty.bots will make sellers happy We talked last week about the move by Realogy Inc. to supply millions of real estate listings from its national brokerage chains to upstart Realty.bots Google Base and Trulia.com. This puts the Realty.bots on the map.\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17041,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17041\/how-do-you-beat-the-realty-bots-the-3-key-weapons-of-the-guerrilla-bloodhound-brick-and-mortar-ink-and-paper-and-flesh-and-blood\/","url_meta":{"origin":1115,"position":4},"title":"How do you beat the Realty.bots? The 3 key weapons of the Guerrilla Bloodhound: Brick and mortar, ink and paper \u2013 and flesh and\u00a0blood.","author":"Greg Swann","date":"September 17, 2020","format":false,"excerpt":"I spent an hour on the phone with Brian Brady yesterday, always a tonic for my spirit. We are both of us guerrillas, both counter-marketers, always looking for ways to use the enemy's strengths against him. When we first met, Brian was using the internet to take business away from\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/rock-n-roll-monkey-FTfjMijq-Ws-unsplash-288x480.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6242,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6242\/by-publishing-enough-of-the-right-information-mom-and-pop-teams-can-triumph-over-redfin-vows-realtybots-or-big-name-brokers\/","url_meta":{"origin":1115,"position":5},"title":"By publishing enough of the right information, Mom and Pop teams can triumph over Redfin, VOWs, Realty.bots or big-name brokers","author":"Greg Swann","date":"December 24, 2008","format":false,"excerpt":"I'd like to introduce you to some really nice folks. Take a look: The couple on the left are the Anybodys, Jeff and Janice. Jeff is a middle-manager for GE. Unless he owns a Pizza Hut. Unless he's a Civil Engineer for the county health department. Janice is a schoolteacher\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1115"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1115\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}