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74 Comments on FROM THE TWILIGHT ZONE THAT IS REALTOR.COM - or Move, Inc.
Lenn ~ Interesting. I have never been a supporter of R.com. I remember the AR/Move.com deal when it went sour. That sounds pretty dirty to peel confidential information out of deal gone south. Thanks for keep us informed Lenn ;)
If anything....realtor.com should know that all markets differ....it's LOCAL .....
Wouldn't you think that valuator would know that?
Got voicemail message - "Call me back. Your listings on realtor.com will change drastically next week." Called my local MLS and local Realtor Association and they knew nothing about it. I returned call and got the sales pitch. Then I get almost identical voicemail message from another sales rep. So, I don't return call because I know it is just another annoying sales pitch, which I have already declined. So sales rep calls the property owner directly and says "Did your broker tell you tha the listings on realtor.com have changed..." Owner has full head of steam - thinking that our MLS listings will no longer be on realtor.com. I explained that it was just a sales pitch. So I call move.com directly and ask to speak to the sales rep who called my customer. They don't know him, can't find him, and tell me that no one has logged into my account on their system. Well, of course someone did - because they left your number. No - I can't say that I care for their pricing, their privacy policy regarding using my account info for marketing, or their sales tactics. If they got such a good deal, get the info to the MLS and local Associations. Don't pitch it to me or directly to my customer.
Jeremy. I keep trying too.
Ryan. Your opinion mirrors a lot of REALTORS.
Sally. They, like Zillow, believe that the human agent has no value except to install or open the keybox.
Ryan. Sad. That is a case for not having owners' number in the listings. Some of our counties have that procedure. It's a pain because making appointments is a pain. In the highest priced counties in my area, Montgomery in MD and Fairfax in VA, the agent calls the owner and if there is no answer, leaves a message and shows the house.
This has been an interesting thread to read. I've never paid for the listings on Realtor.com -sounds like that was a smart move. The whole valuation thing is what's alarming. 18 months is ridiculous. I agree I'd rather search wider than longer. And while I always check Zillow before going on a listing apt, I do it to be prepared for what the client may say!
Trade associations are a different animal than, say, a nonprofit association. And it's reflected in what they do. Many are nothing more than a smoke screen for political lobbyists. I find it very surprising that so many real estate agents seem to believe that NAR represents them.
Well great, now isn't that just what we needed! You would expect Realtor.com to take the realtor factor a little more seriously.
Lenn,
I can't disagree with you, because I believe the same..but there has to be some kind of protestation from the body of 1.8 Million REALTORS for things to change. I just read in C.A.R's newest internet study that there was an increase in the number of real estate agents who purchased enhanced listing feature from REALTOR.com.
Not a strong opposition for REALTOR.com's moves. In my mind, REALTOR.com only has 2 things that still drives their company since they don't seem to innovate for the REALTOR's benefit.....Listings and the REALTOR domain. Both are broker and agent owned truly, no?
Rebecca. I believe that you overestimated the number of REALTORS. No matter. It's a lot of folk. Of course our listings drive the Realtor.com web site traffic. What would they be without them??? Realtor.com the domain is owned by the NAR but it's licensed to Move, Inc. We have little to nothing to say about anything, anywhere, anytime.
Terri. You dreamer you.
Elizabeth. Too many of us read the mission statement. What are we thinking????
Alexsandra. 18 months is downright irresponsible. Geez. On a national basis, the average market value has lost about 20% in 18 months.
Lenn: Thanks for this information! That is very interesting. Always love reading your blogs.
The Realtor.com tail always seems to be wagging the NAR dog. NAR is so high on the current leader of Realtor.com they're not about to question him on anything - much like the first chair who was the golden child until he got caught. Realtor.com always claims whatever they're doing is in the best interest of Realtors but rarely is - unless you pay through the wazoo to get your own leads back. It'll be interesting to see if any of this comes up next week in Orlando.
Gene. Good question. You should go to Orlando, ask the question and get back to us with the answer.
Katie. Thanks very much. I appreciate readers.
And THAT, my dear Lenn, is why I WON"T upgrade with Realtor.com any longer. What a bunch of hooey. So much for our money working for us. What a laugh. Stinks, if you ask me. Now consumers will have more than one place to gather misinformation...zillow AND Realtor.com. Brilliant.
Lenn- I can not stand Realtor.com. We quit all the money we were flushing down their toilet years ago, did not effect our business one little bit! I agree with Gene's comment.
Elizabeth. No matter. I believe the money they collect from REALTORS is their lunch money. They just use us to sell advertising.
Katerina. Smart move. I hope some of the REALTORS in Orlando do ask this question.
I am stuck in the last part of a 2 year contract with realtor.com
I am so sorry I signed to begin with! I thought it was all about advertising me and my company's listings. They made promises--and I was the only one in the area doing that particular product.
Then... boom... I sign up for 2 years and a competitor also joined in on the bandwagon. Really ticked me off then. But after I got over that I realized I get almost ZERO leads from it.
Erica. Your experience is multiplied many times by many agents and brokers.
Lenn, how sad.
Brett Shaw from Cyberhomes:
New look, same Realtor.com. I just looked up my home on "what is your home worth" and it came back with a range of $133,000 to $410,970. Whew! I'm glad I got that narrowed down.
Cyberhomes.com, on the other hand, has my home estimated at a good price. By that I mean that it is near what homes have sold for recently in my neighborhood (in the last 6 months........not 18). On top of that, there is a ton of local information that goes along with it.
Brett--that is hysterical! Maybe you should average the 2 values.
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