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Some of that old time real estate religion - with Consumer Facing MLS Sites

Reblogger ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
Real Estate Broker/Owner with REAL ESTATE REFERRAL NETWORK 209970

TERRY looks at an interesting subject in the post that follows. I am reblogging it as part of the February Eco-All-Stars Challenge...

Original content by Terry Kempf

30 years ago I remember a very seasoned agent, ( 20 yr in the business) yelling at me for writing an ad on my first listing that stated that the home was located across the street from a prominent grade school.  Her statement to me was: "If they know where it is and they don't like the area, they won't call you!  You're not supposed to sell THAT house. Your job is to get as many people as you can to call you so you can sell them something else."  

I was confused.  I thought I was supposed to sell my client's house and if somebody didn't like the area, well then, what's the sense of wasting their time AND mine trying to sell them what they didn't want?  I thought the way to establish a long career in real estate was to provide the public with what THEY wanted, not what I wanted them to buy.  Well, it looks like I was pretty much on the money.  I sold a million dollars the first year I was in the business. (Remember we're talking Omaha, NE; 1980 where the average price was something south of $40,000)

What I would like to know:

  • What's the public reaction to Consumer Facing MLS Sites (MLS provides public site). 
    • HAR.com (Houston MLS Consumer Facing Web-site) is nationally renowned for it's success.
    • What have the Brokers' reactions been?
  • How do you marry Broker Sites without seeming like competition?
    • Who promotes this, i.e. the MLS or everybody?
  • What has been the experience of the actual real estate Agent. 
    • They are the ones on the front lines. 
    • The agents pay nearly $130/month as MLS members on HAR.com.
    • The site generates an average of 17 leads/agent/month

Please let me know what experiences you have had with one of these Consumer Facing MLS Sites. 

I'll plant a tree for every response.  -  I'm a tree hugger so the more the merrier.  If you don't believe me go to our site and try and print something out. 

 

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Comments(2)

Sabrina Kelley
ERA Herman Group Real Estate - Woodland Park, CO
Woodland Park Colorado Mountain Homes and Land

HAR.com is a sharp site for sure. I bet there are many agents who pay over $130 a month for lead generating systems. If their MLS was assisting with capturing leads then the industry could regain the capital that Realtors are spending on that service.  I haven't really looked around the HAR site but when I went there I noticed my immediate desire it generated in me to start a search.

PPMLS looks like a 2nd grader built it in 1972. It frustrates me to no end so I can't even imagine what a poor experience consumers must have using the public version of the site.

 

Feb 10, 2009 02:48 PM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha JaneAnne,

The "Old Bait and Switch Routine" one of the many tricks devised by vendors and abhorred by consumers. Thanks for sharing your experiences in Omaha.

If you can afford it and it generates leads all the power to you. I think consumers enjoy having unfettered access to the MLS but make it too easy for them and they begin thinking who needs a buyers agent. I think that may be the reasoning behind the poor consumer interface with the site. With buyers bringing less cash to the table these days the foible is thinking they can save money by cutting out the REA. In the short haul it might help but over time it may push the RE biz towards obsolescence.

Peace,

Feb 11, 2009 05:15 AM