Going Forward

By
Real Estate Broker/Owner with Bluffs Real Estate and Investment Properties

It's time for some feedback and I hope you will contribute. With the onset of technology and the web, all areas of life have been effected, and none more than business. My question for you is: How do you see technology affecting change in the real estate industry going forward? We have seen numerous start-ups offering non-traditional business models and discount brokering. We have also seen traditional brokerages embracing technology as a additional feature in their already established model. Either way, the real question is: What will be the real estate business model of the future? Please tell us what you think will change or not change and, most importantly, why? I look forward to your responses!

Comments (1)

Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Gail - When I got into the business 26 years ago, our MLS came in book form, published once a week.  The MLS computer in our office was recently new, but most agents were afraid of it - and, we weren't ready to pry our fingers loose from the old books.  I remember we went by a few years, and fax machines came along.  The fax machine saved us miles and miles of driving across the county to deliver paper work.  Of all the technology advancement, the fax machine is among my favorite.

I was likely the very first real estate agent to get a pager (before cell phones) here in the Sacramento area.  Prior to that, medical personnel and doctors were the primary users of them.  Once other agents noticed I had one, the whole county was quick on my heals.

Last but not least, personal computers in our homes (rather than at the office), and cell phones, have totally revolutionized how we do business.

I can only dream of what may come!  I'm waiting for the whiz kids of the future to lay it on us.

Aug 28, 2008 11:56 PM