Listing syndication makes a lot of sense for agents. You obviously want your listings to reach as wide an audience as possible, and placing the listing on your site and social media accounts and in the local newspaper, while definitely useful, will likely not reach a huge audience.
Benefits of Listing Syndication
Listing syndication allows you to reach a much wider audience, and spread your listing all over the Internet, including major search engines, and high-profile, high-traffic sites such as Zillow, Trulia, and of course Craigslist.
Zillow and Trulia: Supporting Agents or Potentially Undermining Them?
But while sites such as Zillow and Trulia are a nice resource for buyers and sellers, are they really that great for agents? We need to remember that these sites are focusing on increasing their own traffic, not necessarily on sending traffic to agent sites. Their goal is to keep visitors on their site. Which begs the question, are these sites great partners for agents – or are they a possible threat? Recent features added to Zillow make it pretty clear that the site’s ultimate goal might be to become a real estate marketplace, independent of real estate agents, that charges a fee for transactions completed through the site. Zillow now enables homeowners to upload information about their homes, it has the "Make me an offer" feature where homeowners can get direct offers on their homes, and it has also added a Wiki where buyers and sellers can learn about the complexities of handling a real estate transaction.
Listing Syndication Still Useful
So, is listing syndication a good idea? We think it is. You should definitely syndicate to major search engines and to Craigslist. As for property website portals such as Zillow and Trulia, we believe you SHOULD take advantage of the huge traffic these sites receive. After all, you can post your listing on these sites along with your information and a link back to your agent website. But you also need to make it very clear to buyers and sellers that your knowledge and expertise are invaluable, and that going into such a huge, complex transaction without the help of an agent is extremely risky.
It will be interesting to see what happens now that Realtor.com (MOVE) owns ListHub, one of the industries top listing syndication engines.